Maga Memecoin TRUMP/USD Rallies Ahead of Bitcoin BTC/USD Conference in Nashville This Weekend

Sistine Research predicted a “massive” breakout for the meme coin from its 150-day range.

The meme coin, named after former U.S. President Donald Trump, is rallying ahead of the Bitcoin conference in Nashville this weekend, where Trump is expected to make an appearance.

On Friday, Sistine Research predicted a “massive” breakout for the TRUMP meme coin from its 150-day range.

"Meme coin Monday incoming, 150d range for TRUMP breaking out massively, 71.7k holders, and 55% of all weekly mentions occurred in the last 24 hours," the researcher said in a tweet.

In another tweet, the researcher pointed out that the TRUMP holder count of 71,700 is at an all-time high.

TRUMP, created in December 2022, is currently trading around $6.20, down significantly from its all-time high of $17.80.

The meme coin spiked above $10 following the assassination attempt on Trump but has since retreated.

The former President currently holds $3.66 million worth of TRUMP in his crypto portfolio.

Trump's presence at the conference is expected to boost the visibility and interest in cryptocurrencies among his supporters.

The Republican candidate, known for his pro-crypto stance, could influence the market's direction with his statements on digital assets.

Moreover, a recent show of support from Tesla (NASDAQ:TSLA) CEO Elon Musk, who tweeted "Make America Great Again," has pushed the TRUMP meme coin to the forefront of crypto trends.

According to data from Santiment, Musk's tweet led to MAGA becoming the top trending token in crypto.

In the past 24 hours, TRUMP is trading 11.3% higher, while it has cushioned its past month loss of 22%.

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