Key Insights
- Trump Coin surged 9.1% to $6.79, driven by renewed optimism following positive progress in US-China trade framework discussions.
- The token’s breakout from long consolidation signals renewed bullish momentum supported by strong technical indicators and solid buying volume.
- Holding above $6.50 could set the stage for a retest of $7.00 and $8.00 as investors monitor trade negotiations and crypto market sentiment.
Trump Coin climbed 9.1% in 24 hours, reaching $6.79, and marked a 16% gain over the week. The token’s advance followed positive developments in the US-China tariff discussions that eased concerns about trade barriers and technology restrictions.
The rally came after reports of a trade framework aimed at halting tariffs and addressing disputes over rare earth supplies and TikTok regulations. The agreement is expected to be finalized when Presidents Donald Trump and Xi Jinping meet in South Korea on Thursday. The move has encouraged investors to reenter riskier assets after weeks of subdued trading.
Technical Signals Show Strength
Technical indicators reflected early signs of continued strength. Trump Coin held firm above its key support level of $6.50. The relative strength index briefly touched the overbought region above 60 before settling near 52.97, indicating cooling momentum. Meanwhile, the MACD line crossed above the signal line, showing bullish potential with green histogram bars above zero.
Despite Trump Coin’s rebound, the broader crypto market has remained weak. Bitcoin dropped 4.46% to $114,215, while Ethereum declined 5.04% to $4,100. Binance Coin and Solana also registered mild losses, slipping to $1,132 and $202 respectively. The contrasting movements highlight how sector-specific catalysts continue to influence altcoin behavior despite overall bearish trends.
Outlook and Price Levels Ahead
Analysts observe that maintaining support above $6.50 could allow Trump Coin to retest $7.00 and $8.00 in the short term. However, any loss of this zone might trigger a return to the $6.30 or $6.00 range. The sustained buying momentum reflects confidence from traders betting on continued progress in the US-China dialogue, which remains a key driver for risk sentiment across crypto markets.
