TRUMP jumps 18% after U.S. President’s crypto purchase plan – $2 next IF…
TRUMP’s strongest catalyst may also be its weakness: every rally still depends on one man.
After months of weakness and few market catalysts, U.S. President Donald Trump gave the crypto market a major boost.
The president announced plans to purchase a sizable amount of Bitcoin and other crypto assets. That announcement lifted investor confidence and encouraged buyers to return.
Official Trump [TRUMP] became a major beneficiary as memecoins rebounded. Among leading memecoins, TRUMP recorded the strongest gains during the broader market recovery.
TRUMP reclaimed $1.40 and surged to $1.80 before retracing. At press time, Official Trump [TRUMP] traded near $1.64, up 17.6% over 24 hours. Trading Volume rose 325% to $397 million, while Market Cap reclaimed $400 million.
Together, these increases reflected stronger participation and fresh capital entering the market.
Are TRUMP buyers returning?
Encouraged by the announcement, traders returned to build new positions. On the Spot market, TRUMP appeared to reach seller exhaustion.
Even the rebound failed to trigger substantial profit-taking.
According to CoinGlass, Spot Netflow turned negative after its earlier spike, falling to -$1.6 million at press time.
Negative Spot Netflow suggested withdrawals exceeded deposits, reducing the tokens immediately available for sale. This could help TRUMP retain its gains if buyer demand continues.
That demand also spilled into derivatives as traders chased the rally with new leveraged positions.
Derivatives Volume surged 1,155% to $703 million, while Open Interest climbed 44% to $117 million. This combination showed rising speculative activity and expanding leveraged exposure.
Meanwhile, the Long/Short Ratio climbed to 1.03 and remained above 1 across exchanges. The reading showed a slight long bias, rather than overwhelming bullish positioning.
Can TRUMP sustain its rally?
TRUMP memecoin previously rallied after Trump’s crypto statements or policy announcements. However, those gains were often short-lived and followed by sharp corrections.
That history leaves the current rally facing a familiar test: Can demand outlast the announcement?
For now, momentum remained positive. The MACD formed a bullish crossover and climbed to 0.005, reflecting strengthening buying pressure.
However, DMI readings painted a more measured picture.
The +DI rose to 40, while the ADX reached 16. The +DI favored buyers, but the ADX indicated that the broader trend remained weak.
If demand holds, TRUMP could reclaim $1.80 and potentially move above $2. If its historical pattern returns, however, the rally could fade and expose $1.30.
Final Summary
- TRUMP memecoin gained 17.6% after Donald Trump’s crypto announcement improved market sentiment.
- The MACD supported further gains, but the ADX showed that trend strength remained weak.
