The Official Trump price surged 6% in the last 24 hours to trade at $8.32 as of 4 a.m. EST, accompanied by a 24% rise in daily trading volume to $2.53 billion.
This positive price movement occurred as US President Donald Trump announced an “amazing meeting” with Chinese leader Xi Jinping. The meeting resulted in a one-year trade truce between the world’s two largest economies, which helped to bolster investor sentiment.
💥BREAKING:
TRUMP & XI MEETING RESULTS!
1. Reduced Fentanyl Tariffs to 10%.
2. Overall tariffs on China reduced from 57% to 47%.
3. China to "discuss" chip restrictions with Nvidia.
4. "No more obstacles on rare earths"
5. China and US to collaborate on Ukraine. pic.twitter.com/HVCQZhp9hx
— Crypto Rover (@cryptorover) October 30, 2025
The United States agreed to halve tariffs on fentanyl, while China paused its sweeping controls on rare-earth magnets for one year.
According to Beijing’s statement, the US is also delaying the implementation of tougher entity-list restrictions and extending a pause on some reciprocal tariffs for another year.
China will properly resolve TikTok-related issues and resume major US soybean purchases.
The table below is what we sent to clients on Monday, right after the Kuala Lumpur trade talks. The final deal confirmed by Chinese and US leaders today aligns almost exactly with what we assessed negotiators had already settled.
In effect, both sides just took a time machine… pic.twitter.com/mexinpymal
— Chucheng Feng (@fengchucheng) October 30, 2025
“On a scale from zero to 10, with 10 being the best, I would say the meeting was at a 12,” Trump remarked on Air Force One.
Chinese President Xi Jinping stated that both teams would work quickly to finalize the agreement and “provide tangible results to reassure the economies of China, the US, and the world.”
TRUMP Coin Price: Strong On-Chain Indicators
On-chain indicators reveal strong network activity supporting the TRUMP rally.
Whales have increased their accumulation, moving tokens off exchanges and into private wallets. This action signifies long-term confidence and reduces the risk of sudden sell-offs.
Recent months saw a major supply unlock, with 90 million TRUMP tokens added to the market, representing nearly half of the circulating supply. While a portion of this supply went to organizations and creators connected to Trump, the majority of the new volume has been rapidly absorbed by both institutional and retail buyers.
On-chain data from exchanges shows steady inflows, with buyers increasing their positions as the rally gained momentum.
Community activity surrounding TRUMP also surged following Trump’s campaign events and the announcement of special access for major token holders, including exclusive dinners and digital events. This strengthening engagement bodes well for the project’s visibility and longer-term sentiment.
TRUMP Price Technical Analysis: Eyeing Higher Levels
Observing the daily price chart, TRUMP broke through multiple key resistance levels following the summit news. The token is currently trading at $8.32, a significant increase from last week’s low near $3.62 and well above its 50-day simple moving average (SMA) at $7.38.
This trend is considered bullish; tokens trading above both the 50-day and 200-day SMAs typically attract trend-following buyers.
The next significant resistance level is at $9.48, which coincides with the 200-day SMA. This area could see increased selling pressure. If TRUMP can decisively break above this level with strong volume, technical traders anticipate a move towards $10 and potentially higher.
Conversely, initial support is located at $7.38 (the 50-day SMA), with further downside protected by the recent rally base near $3.62. Short-term dips towards these zones are likely to attract new buyers.
Momentum indicators strongly favor the bulls. The Relative Strength Index (RSI) is at 64.28, indicating rapid price increases without reaching extreme overbought levels. The MACD is bullish, with both lines moving into positive territory, which signals buyer control.
The Average Directional Index (ADX) at 36.75 suggests an uptrend that is building strength but is not yet overextended.
TRUMP has formed a pattern of higher highs and higher lows, with each brief correction being quickly bought up. This “buy the dip” behavior mirrors past rallies, suggesting traders are confident that the fundamental news and positive sentiment will support further gains.
Several price prediction services now forecast short-term upside, with ranges between $8.31 and $9.80 cited as reasonable targets for November. However, sharp rallies, particularly those triggered by headline news, can experience quick reversals.
If TRUMP fails to maintain its position above $8, the price may retrace towards $7.38, where buyers will be watching for renewed support.