• Trump Coin shows resilience, trading at $8.15, with a $1.67B market cap.
  • Analyst predicts upward momentum if $7 support holds, with targets up to $12.5.

Trump Coin demonstrates strong market performance, showing a 9.78% boost, which brings its current price to $8.38 during the past 24 hours. As the market cap of Trump Coin expands to $1.67 billion, its daily transactions at $584 million demonstrate a 48.87% growth. Trading activity growth, along with a positive market atmosphere about the Trump Coin, has propelled its price higher through a substantial market price rise. The Trump Coin demonstrated steady market volatility between its pricing range of $7.49 and $8.52, which suggests upcoming market growth potential.

Analyst Predicts Growth if $7 Support Holds for Trump Coin

The Trump Coin has shown strong resilience in the market, maintaining a weekly low of around $7 for 13 consecutive days. Despite the significant unlock event of approximately 20% of its circulating supply, the coin has held steady, which has sparked optimism in the crypto community. This price stability indicates that the Trump Coin could be in an accumulation phase, positioning itself well for upward momentum. Crypto analyst Andrew Griffiths suggests that, should the $7 level continue to hold, the coin might experience breakout targets at $9.5, $10.5, and even $12.5.

Source: X


The coin exhibits stable strength in the accumulation zone, which creates an environment for future expansion. According to him, a price drop below $7 would indicate more market decline, which would set off panicked reactions.

Impact of Recent TRUMP Token Unlock on Market Sentiment

On April 18, the TRUMP memecoin underwent a major unlock event, releasing 40 million tokens, worth approximately $300 million. Of this amount, 36 million tokens, 18% of the total supply, were allocated to creators and CIC Digital 1, while 4 million tokens, 2%, were given to creators and CIC Digital 4. This release follows the earlier unlock on January 18, which saw 200 million TRUMP tokens worth around $1.5 billion made available. 

While this release contributes to an increase in circulating supply, it may also weigh down bullish sentiment shortly due to the dilution effect caused by early investors. Despite this, the chart shows a rebound in recent price action, with key support around $7.49 holding strong.

Trump Coin Shows Potential for Growth with Support at $7.49

The technical chart shows that the Trump Coin is in an accumulation zone, indicating potential for future price growth. The price of the coin can sustain upward movement by keeping the $7.49 support zone strong. Price movement towards the $8.52 resistance could potentially start a new upward momentum.

Source: TradingView

The RSI value currently stands at 43.38, transitioned to a neutral to slightly bearish zone from its previous oversold position, thus reinforcing prospects of an upcoming price rally. Trump Coin shows promise for rising to higher resistance levels as long as it upholds its current momentum at $8. Any reduction in price below $7 may trigger additional downward pressure on the market, with potential follow-up levels at $6.

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