TRUMP Token Surges on $1.6B Volume, Eyes 128% Price Jump as Altcoin Season Index Rises to 53

The TRUMP token, a meme coin tied to former U.S. President Donald Trump, has seen a surge in trading activity, with a 24-hour volume of $1.6 billion—the highest since May’s holder event—despite the absence of significant social media-driven hype [1]. This spike has fueled optimism among analysts that TRUMP could overtake meme rivals like BONK and PEPE in the next market cycle. CoinGlass data reveals open interest of $555 million, a level last observed ahead of the Trump presidential gala dinner, indicating heightened speculative interest [2]. On Binance, the long/short ratio stands at 3.81, with 80% of traders betting on further price gains, underscoring strong retail participation.

The altcoin season index, a gauge of market enthusiasm for non-Bitcoin assets, has risen from 20 to 53 since June began, though it remains below the 75 threshold typically signaling a full altseason [3]. This suggests growing appetite for alternative cryptocurrencies but also highlights the need for additional catalysts to sustain momentum. Technical analysis shows TRUMP breaking out of a symmetrical triangle pattern formed since mid-April, projecting a 128% price increase to $24.50 if the trend holds. However, immediate resistance at $11.65 and support at $10.60 could determine whether the breakout is genuine or a false signal. Momentum indicators present mixed signals: the RSI has stabilized near neutral territory, but the MACD line continues to widen below the signal line, hinting at lingering bearish pressure in the short term.

A successful breakout could elevate TRUMP’s market cap to $4.8 billion, surpassing BONK’s $3.2 billion but trailing PEPE’s $5.7 billion. Analysts note that regulatory developments, such as the anticipated CLARITY Act in October, or a public endorsement from Donald Trump himself, could provide the necessary spark to attract more capital. Meanwhile, retail investors are increasingly favoring self-custody solutions like MetaMask and Best Wallet ($BEST), with the latter’s features, including an “Upcoming Tokens” screener and real-world spending tools like Best Card, drawing attention for their utility in early-stage token discovery [4].

The market remains cautious, however, as TRUMP’s price action near $11.65 and the MACD divergence underscore risks of consolidation or a pullback. For now, the token’s trajectory hinges on whether the current volume can sustain the bullish thesis or if external factors, such as macroeconomic shifts or regulatory news, will influence the next phase of its performance.

Sources:

[1] [Title] [https://cryptonews.com/news/trump-coin-price-prediction-1-6b-volume-sends-prices-higher/]

[2] [Title] [https://cryptonews.com/news/trump-coin-price-prediction-1-6b-volume-sends-prices-higher/]

[3] [Title] [https://cryptonews.com/news/trump-coin-price-prediction-1-6b-volume-sends-prices-higher/]

[4] [Title] [https://cryptonews.com/news/trump-coin-price-prediction-1-6b-volume-sends-prices-higher/]