TRUMP Meme Coin Is Back in the Spotlight After a Surprising 9.3% Pump

The TRUMP meme coin is back in the spotlight after a surprising 9.3% pump in the past 24 hours, coinciding with a 49.20% surge in trading volume.

The TRUMP meme coin is back in the spotlight after a surprising 9.3% pump in the past 24 hours. This move comes as TRUMP also saw a 49.20% surge in trading volume.

As of press time, TRUMP is trading at $8.32, having pulled back slightly from its daily high of $8.52. This price uptick comes ahead of a major token unlock event on Friday, which is expected to impact the coin’s market dynamics.

$300M $TRUMP will unlock today 40M tokens will enter circulation as 3-month cliff ends. After that, $4M TRUMP will unlock daily. pic.twitter.com/QvhLPnNJb

According to Tokenomist, around 40 million TRUMP tokens are set to be released on Friday. That puts roughly $332.8 million worth of tokens into the available supply.

This represents 4% of the total 1 billion token supply, but a more substantial 20% of the current circulating supply, which sits at around 200 million tokens.

While that’s 4% of the total 1 billion supply, it’s significant as it makes up 20% of the tokens currently trading (around 200 million). Importantly, reports say most unlocking tokens belong to the project team and large initial holders, raising concerns about potential selling pressure.

Looking at TRUMP’s daily chart, it shows a large descending triangle pattern formed over two months, with a floor near $7.50. Today, the price broke above the pattern’s downward resistance line, now testing the $8.30 to $8.50 zone.

This breakout is a key technical sign. If the price stays above this line, it could indicate a new upward trend. Using the pattern’s height (about $22.50), the calculated technical target suggests a potential move towards the $31 mark.

Backing this up, the Relative Strength Index (RSI) has climbed to 42.35, rising from the oversold levels of 34 just days ago. Although not yet in bullish territory (above 50), the uptrend indicates building momentum.

The MACD has crossed above its signal line and moved into positive territory with a value of 0.14. The histogram also remains bullish for the TRUMP meme coin.