bitcoin
Bitcoin (BITCOIN)
$117,597 -0.62%
ethereum
Ethereum (ETHEREUM)
$3,769 -0.06%
binancecoin
BNB (BINANCECOIN)
$765.74 1.65%
solana
Solana (SOLANA)
$195.98 8.11%
ripple
XRP (RIPPLE)
$3.60 2.36%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 0.91%
pepe
Pepe (PEPE)
$0.000014 -1.49%
bonk
Bonk (BONK)
$0.000035 2.94%
bitcoin
Bitcoin (BITCOIN)
$117,597 -0.62%
ethereum
Ethereum (ETHEREUM)
$3,769 -0.06%
binancecoin
BNB (BINANCECOIN)
$765.74 1.65%
solana
Solana (SOLANA)
$195.98 8.11%
ripple
XRP (RIPPLE)
$3.60 2.36%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 0.91%
pepe
Pepe (PEPE)
$0.000014 -1.49%
bonk
Bonk (BONK)
$0.000035 2.94%
bitcoin
Bitcoin (BITCOIN)
$117,597 -0.62%
ethereum
Ethereum (ETHEREUM)
$3,769 -0.06%
binancecoin
BNB (BINANCECOIN)
$765.74 1.65%
solana
Solana (SOLANA)
$195.98 8.11%
ripple
XRP (RIPPLE)
$3.60 2.36%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 0.91%
pepe
Pepe (PEPE)
$0.000014 -1.49%
bonk
Bonk (BONK)
$0.000035 2.94%
Disclosure
Cryptocurrency trading is speculative and your capital is at risk when you trade. We may earn affiliate commissions from some of the products on this page - at no extra cost to you.
Official Trump Price Prediction – TRUMP Breakout Signals Move Toward $15

Highlights:

  • TRUMP has broken through the $10.80 resistance in the day
  • Rally through resistance puts $15 in focus
  • Potential opening up of 401(K)s to crypto could send TRUMP higher

Official Trump (TRUMP) has started the week on a high note, reflecting the rising bullish momentum in the markets. When going to press, Official Trump was trading at $11.60, up by 12.92% in the day. In the last 24 hours, Official Trump’s trading volumes have also shot up 280% to $1.18 billion. 

Advertisement

Banner

The increasing volumes indicate that money is flowing in strongly as investors expect this meme coin, named after a US President, to keep doing well going into the foreseeable future. The expectations around Official Trump are based on solid reasons, all pointing to a continuation of the rally that has started today. 

Broader Market Action Pushing Official Trump Higher

One of the factors likely to send TRUMP higher is that Bitcoin and Ethereum are pushing higher, creating the impression that the bull run is back. Ethereum’s rally in particular is a strong indicator that altseason has started. Usually, the biggest beneficiary during altseason is the meme coins. They tend to go parabolic and outperform Bitcoin and Ethereum considerably. This may explain the TRUMP rally alongside other top meme coins.

TRUMP Is Undervalued Relative to Its All-Time Highs

Besides the excitement around meme coins in general, TRUMP is also set to benefit from the fact that it is massively undervalued compared to its all-time highs. At the height of its price rally, TRUMP was trading at nearly $8. The correction saw it drop to prices below $10. In past market cycles, altcoins tend to retest their all-time highs before making new highs, sometimes as high as 5x the previous high.

Such historical precedence creates the impression that TRUMP is undervalued and can deliver superior returns in an all-out bull market. This will likely keep driving FOMO, especially now that the price is rallying by double digits and the buzz is building up on social media. 

Trump’s Association with the US President Is An Edge Over Other Meme Coins

TRUMP also has a significant edge over many other meme coins because it is associated with the most powerful person in the world. Not only is President Trump powerful, but he has been making pro-crypto policies and regulations since he took office. Several pro-cryptocurrency laws have also been passed under his watch. With rising chatter that he could pass an executive order that makes it possible for 401K to be invested in cryptocurrency, the market could experience a surge in capital in the trillions.

This is likely to drive confidence not only in the broader cryptocurrency market but also in Official Trump, the coin associated with the person making all the pro-crypto regulations and legislations possible. This may explain why, after last week’s reports on the 401k, TRUMP is one of the top coins that started the new week with double-digit highs. 

Possible Rate Cuts In the US Could Send TRUMP Higher 

TRUMP is also set to benefit from a potential rate cut in the US, like other cryptocurrencies. Speculation is rising that interest rates could start falling as early as September. This is likely to inject strong liquidity into the markets. With cryptocurrencies already bullish, top meme coins like TRUMP could experience a strong surge in liquidity under such circumstances. In essence, TRUMP could keep making record daily gains heading into the Fed’s decision on interest rates. The charts already point to TRUMP as a cryptocurrency headed higher.

Official Trump Breaks Out of 5-Day Consolidation

TRUMP has broken out bullish today after consolidating between the $9.72 support and $10.80 resistance since July 16. The rally through the $10.80, which was followed by a strong confirmation candle, puts $15 in sight in the short term.

Official Trump Price Prediction – TRUMP Breakout Signals Move Toward $15
Source: TradingView

However, if Official Trump experiences a slowdown in momentum, another consolidation could follow, with $10.80 now as support. With the broader market turning bullish, the odds are higher for a rally to $15 in the short term.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9

5 Stars

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Advertisement

Banner

Advertisement

Banner

Advertisement

Banner