TRUMP Meme Coin Surges 9% as Crypto and Politics Intersect, Targeting $38.70

The Trump TRUMP/USD meme coin has surged into the spotlight, rebounding by 9% on Tuesday.

The Trump TRUMP/USD meme coin has seen a surge in interest, rebounding by 9% on Tuesday.

What Happened: Trader Cold Blooded Shiller observed promising signs for TRUMP, noting a bullish divergence forming just below the $32 resistance level.

According to Shiller, a reclaim of $32 could indicate that TRUMP has found a temporary bottom.

Some very positive signs for $TRUMP down at the lows. Starting to form the bull div here, and just underneath the resistance region of $32.

Reclaim that and I think there's a good chance that was the bottom for a while.

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In another tweet, Shiller suggested that TRUMP's value might be closely tied to Donald Trump's personal influence, calling it a fascinating intersection of crypto and politics.

Johnny, another trader, shared that he recently opened a position in TRUMP following a 70% correction from its highs.

According to Johnny, TRUMP appears to have bottomed out, and a reclaim of $30 could lead to a rapid ascent toward $38.70.

Moreover, Johnny added that it's unlikely Trump would let the coin fade, hinting at the possibility of a TRUMP-focused ETF in the future.

TRUMP Stats: The 24-hour trading volume of $3.3 billion for TRUMP ranks higher than other top gainers in the market.

TRUMP is the highest-volume meme coin in the market, surpassing the trading volume of even the much larger Dogecoin by over 60%.

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