The OFFICIAL TRUMP ($TRUMP) token is on a powerful rally, surging over 20% this week and climbing previous $22 after its itemizing on Upbit, South Korea’s largest crypto change. The Solana-based meme coin was formally made out there for buying and selling on February 13 at 18:00 KST, with buying and selling pairs in opposition to Korean received (KRW), Bitcoin (BTC), and Tether (USDT).
Following the itemizing, deposits and withdrawals opened two hours later, giving merchants time to maneuver funds earlier than dwell buying and selling started.
Upbit briefly restricted preliminary purchase orders for 5 minutes, whereas non-limit orders remained disabled for the primary hour to stop extreme volatility.
The #TRUMP token might be listed on #Upbit
The information is optimistic, as not each protect coin will get on this change.
However the TRUMP token reacted with a rise of solely 13%.#cryptonews pic.twitter.com/VqlTBogXzH— Crypto GURU BIG MIKE
Crypto AI Promoter (@CRYPT056) February 13, 2025
Market Rebound After Sharp Correction; $TRUMP Supported
Launched forward of Donald Trump’s presidential inauguration, the $TRUMP meme coin initially skyrocketed, reaching a $10 billion market cap and an all-time excessive of $39.63. Nevertheless, early consumers took income, triggering a steep correction that despatched costs tumbling to $4.29 by January 18.
Regardless of the large decline, $TRUMP has rebounded considerably, pushed by renewed investor curiosity and key change listings. Whereas the market cap stays nicely under its peak, the current surge alerts rising confidence in $TRUMP’s long-term viability.
What’s fueling the comeback?
Trade Listings: Extra platforms are including $TRUMP, bettering liquidity and accessibility.
Market Optimism: The meme coin sector is heating up once more, attracting speculative merchants.
$TRUMP Worth Evaluation: Technical Outlook
The TRUMP/USDT pair is at present dealing with resistance close to $24.50, the place a downward trendline is limiting additional upside. The current rally met sturdy promoting stress at this stage, suggesting merchants are taking income.
A 3 black crows sample on the 4-hour chart alerts that bullish momentum is weakening, rising the chance of a short-term pullback.
- Quick Assist: $19.30, with the 50-period EMA at $18.10 appearing as dynamic help.
- Key Resistance: A break above $21.50 might reignite bullish sentiment, pushing costs towards $24.50 and better.
- Danger of Draw back: A failure to carry $17.30 might result in a retest of $14.70, a vital help zone.
A sustained transfer above $21.50 might prolong the rally, whereas a break under $17.30 might expose $TRUMP to additional draw back. Merchants ought to control these ranges to gauge the following transfer.
Solaxy ($SOLX): Solana’s Scaling Answer
Whereas $TRUMP makes headlines with its bullish breakout, one other Solana-based undertaking is gaining important traction: Solaxy ($SOLX)—the community’s first Layer 2 scaling answer aimed toward tackling congestion and excessive transaction prices.
Solaxy ($SOLX) has now raised over $21 million in its presale, drawing curiosity from greater than 68,000 followers on X.
As Solana’s person base grows, demand for extra environment friendly, scalable infrastructure continues to rise. Solaxy guarantees quicker transactions, enhanced interoperability with Ethereum, and seamless cross-chain communication.
Solaxy ($SOLX) has raised over $21 million in its presale, with 5.9 billion tokens staked and staking rewards of 195% yearly. With the worth now at $0.001636 and a value hike imminent, the window for entry is closing quick.
The submit $TRUMP Pumping Over 20% This Week: Presidential Memecoin Again for Good? appeared first on Cryptonews.