Trump's Bitcoin Vision Fuels Market Rally
The Official Trump coin has reignited market enthusiasm after US President Donald Trump declared his ambition to make the country a “Bitcoin superpower.” The politically charged memecoin surged as traders reacted to Trump’s renewed crypto-friendly stance and speculation over a potential expansion deal.
The Official Trump coin soared 11.8% in 24 hours, trading near $7.88 and outperforming the broader market, which fell 1.3%. The rally followed Trump’s remarks positioning Bitcoin and digital assets as tools to “take pressure off the dollar” and enhance US competitiveness against China. Trading volume surpassed $1 billion on major exchanges, signaling heightened interest.
Technical Indicators and Whale Accumulation Signal Bullish Momentum
Technical indicators confirm bullish momentum. Prominent analysts noted that TRUMP’s price broke out of a long-term falling wedge pattern, a classic bullish setup. The coin cleared key resistance at $7.96 and bounced off its 50-day exponential moving average of $7.29. With the RSI around 57 and the MACD showing a positive crossover, market signals point to sustained upward potential, possibly reaching $18–$20 if momentum continues.
Whale accumulation strengthens the trend. On-chain data revealed $91 million in net inflows over three days, while open interest doubled to $351 million. Funding rates turned positive, suggesting long positions now dominate. Yet, analysts warn that centralization concerns remain, as roughly 80% of TRUMP’s supply is reportedly controlled by entities linked to Trump’s inner circle, creating potential volatility risks if profit-taking occurs.
Expansion Rumors Amplify Investor Optimism
Expansion rumors amplify investor speculation. Reports suggest that Fight Fight Fight LLC, the token’s issuer, is negotiating to acquire Republic.com’s US operations. If realized, the deal could integrate TRUMP into startup fundraising and payment systems, expanding its real-world use cases.
Future Outlook and Key Price Levels
For now, Trump’s pro-Bitcoin narrative and speculation of a “strategic Bitcoin reserve” continue to drive enthusiasm. Holding above $6.64 remains crucial for maintaining bullish sentiment, while breaking $8.07 could open the path toward July’s peak near $11.92.
The information presented in this article is for informational purposes only and should not be interpreted as investment advice. The cryptocurrency market is highly volatile and may involve significant risks. We recommend conducting your own analysis.