The Official Trump (TRUMP) meme coin has recently surged by 5% in the past hour, reaching a trading price of $17.23 at the time of writing. Over the last month, the token has skyrocketed by an impressive 165.68%. Despite a notable 77.11% drop from its all-time high (ATH) hit around a month ago, crypto experts like BitMEX’s founder, Arthur Hayes, foresee a promising future for TRUMP, particularly within the political landscape.
Hayes, in a recent blog post, predicted that meme coins, including TRUMP, will play a pivotal role in shaping U.S. politics, especially by the 2026 midterm elections. He suggested that numerous political figures will likely leverage meme coins as a unique way to connect with voters, blending political messaging with entertainment. Hayes further speculated that U.S. President Donald Trump himself might be closely monitoring TRUMP’s price movements, which could indicate broader shifts in crypto sentiment.
Despite a significant price decline, Hayes believes that TRUMP could lead the charge for Bitcoin (BTC), currently hovering below $96,438, which has yet to retest its previous high of $110,000. Should the overall crypto market sentiment shift positively, TRUMP could potentially trigger a rally for Bitcoin, according to Hayes’ analysis. He even predicted that Chinese President Xi Jinping might eventually launch his own meme coin for political purposes.
From a technical standpoint, TRUMP has recently reclaimed the 20-day Exponential Moving Average (EMA) at $16.91, signaling a possible recovery. The immediate support levels for the meme coin are at $16 and $14.50, while resistance is seen at $18.50, with a key psychological barrier at $21. The Relative Strength Index (RSI) reads 62.73, indicating bullish momentum, and the MACD remains bullish with the histogram’s increasing green bars. Traders are now watching closely for further price action, as TRUMP could potentially be primed for a breakout.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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