Official Trump ($TRUMP) Is One of the Top Crypto Gainers Today, Having Registered a Double-Digit Increase in the Last 24 Hours to Reclaim the $18 Level.Â

Following its debut on January 18, 2025—two days before the swearing-in ceremony of Donald Trump as the brand-new president of the United States—Trump coin took the meme coin market by storm

Official Trump ($TRUMP) price experienced a double-digit increase over the last 24 hours to reclaim the $18 level. Among the top crypto gainers today, TRUMP coin has been trading sideways since the beginning of February, without any significant price movement.

The price action of Trump coin mirrors the broader market dynamics, which are being dictated by a string of announcements by world leaders over tariff policies. While the broader market is still enmeshed in extreme volatility, with Bitcoin (BTC) price trapped below the $100k mark, TRUMP coin has experienced a recent bounce and looks set to break the $20 barrier.

After its debut on January 18, 2025—two days before the swearing-in ceremony of Donald Trump as the brand-new president of the United States—Trump coin took the meme coin market by storm, becoming one of the fastest projects to cross the $10 billion market cap threshold.

It achieved this feat within a few hours of going live as many investors dove into the FOMO vibe, stacking the token due to its connection with the POTUS. Adding to the buying frenzy is its listing on tier-1 exchanges, especially Binance.

That, alongside other crucial factors, helped the token to reach an all-time high of $75 on January 19—barely 24 hours after its debut.

Following this parabolic pump was an abrupt decline, which pulled its price to new lows. The token initially fell below $30 and traded around this level for a few days before succumbing to another downtrend, thereby settling below $20.

At the time of writing, the Trump coin price has lost 74% of its peak price of $75. In the event that it breaks out of the $20, Val Me—a popular crypto trader—believes it could push to $22.6, $25.7, and $30 to retest the S/R.

$TRUMP – currently ranging between 16$ – 20$, coming into trendline R here. If it manages to break out, we could see it push to 22.6$, 25.7$ up to 30$ to retest the S/R. https://t.co/XqAlhRdoMJ pic.twitter.com/7yZhvJrQaH

— Val Me (@ValCoins) February 5, 2025

Official Trump Price Analysis: Will TRUMP’s Next Move Be A Full Recovery?

The TRUMP/USD daily chart suggests that the market is consolidating within a rectangle channel as the price trades at $18.30, slightly below the 50-day moving average of $21. This indicates increased bearish sentiment even though the price is currently in a phase of sideways movement.

The chart shows strong support at $16, which aligns with the channel’s lower boundary. If this level holds, it could provide a foundation for the next upward movement.

However, the resistance level at $20 is a critical target for the bulls. A breakout above this level could trigger a significant rally, pushing the price above the channel’s upper boundary or beyond.

However, the recent decline in volume suggests that the market may need stronger buying interest to break through this resistance. Failure to break above $19.10 in the short term might lead to further decline toward $16, $12, and $8.

Jacob Bury, a well-known market analyst with over 50k YouTube subscribers, recently gave a more detailed perspective on the potential price movement of TRUMP. In a short video, he emphasized that the only way the Solana meme coin can break out of its current level is if it witnesses increased buying pressure—which may be unlikely due to the numerous ups and downs in the broader market at the moment.

With sellers still dominating its market momentum, the Trump coin could see a series of lower highs and lower lows in the coming weeks. In the meantime, traders might watch for confirmation signals from the RSI and MACD alignment before entering positions.

Right now, the RSI sits at the 50-mean level, showing a fierce battle between the bulls and the bears. The MACD indicator, however, upholds a buy signal, as the blue MACD line (-0.0902) has crossed the orange signal line (-0.0438).

TRUMP Coin Price Prediction- Short-Term

Since it has no defined use cases, Trump coin’s connection with the president and the outlook of the broader market will be the only factors influencing its price. Hence, it won’t be surprising if its price continues to be increasingly volatile in the short term.

If the market undergoes a prolonged bull run and investors sustain their interest in meme coins, the Donald Trump meme coin could move up in