The price of TRUMP coin surged by up to 27% in under 24 hours, trading above $14 following news of a major US-UK trade deal that ended key tariffs, triggering renewed optimism in both the crypto market and risk asset sectors. Trading volume exploded to $1.5–2 billion. This strong bullish move comes after a month-long rally of over 85%, with the coin rebounding from April's lows due to tariff-related market pressures.
Technical indicators show robust buying momentum, with TRUMP's RSI rising from below 30 to above 80, and short-term averages surpassing long-term trends, suggesting a breakout from its recent downtrend. A prominent wallet transfer stirred speculation over possible whale activity, but overall sentiment remains bullish, fueled further by President Trump's ongoing engagement and promotional activities.
The upcoming exclusive dinner event for the top 220 TRUMP holders in late May is expected to drive continued interest and potential price upside in the near term. Analysts suggest TRUMP could reach $17.50 this month, $30 by July, and possibly $100 by year's end, should current momentum persist. However, concerns remain about volatility, market manipulation risks given concentrated ownership, and the token's dependence on Trump’s brand and hype.
While some liken the rally to other speculative meme coin runs, others highlight new presale tokens like BTCBULL that may absorb speculative energy. Nonetheless, with President Trump's direct involvement and upcoming events, TRUMP is positioned for continued high volatility and possible further gains amid a broader crypto market upswing.