TRUMP Surges Over 20% This Week: Is the Presidential Memecoin Back on Track?

The OFFICIAL TRUMP ($TRUMP) token is experiencing a significant surge, increasing by more than 20% this week and surpassing the previous $22 mark following its listing on Upbit, the largest cryptocurrency exchange in South Korea. The Solana-based meme coin became available for trading on February 13 at 18:00 KST, with trading pairs against the Korean won (KRW), Bitcoin (BTC), and Tether (USDT).

After the listing, deposits and withdrawals were enabled two hours later, allowing traders to transfer funds before live trading commenced.

Upbit temporarily limited initial purchase orders for five minutes, while non-limit orders were disabled for the first hour to mitigate excessive volatility.

The #TRUMP token is now listed on #Upbit
This news is positive, as not every meme coin secures a spot on this exchange.
However, the TRUMP token responded with only a 13% increase. #cryptonews pic.twitter.com/VqlTBogXzH

— Crypto GURU BIG MIKE Crypto AI Promoter (@CRYPT056) February 13, 2025

Market Recovery Following Significant Correction; $TRUMP Supported

Launched ahead of Donald Trump’s presidential inauguration, the $TRUMP meme coin initially soared, achieving a $10 billion market capitalization and an all-time high of $39.63. However, early investors took profits, leading to a sharp correction that saw prices drop to $4.29 by January 18.

Despite the substantial decline, TRUMP has made a notable recovery, driven by renewed interest from investors and important exchange listings. While the market cap remains significantly below its peak, the recent increase indicates growing confidence in TRUMP’s long-term potential.

What is driving the resurgence?

Exchange Listings: More platforms are incorporating TRUMP, enhancing liquidity and accessibility.
Market Optimism: The meme coin sector is gaining momentum again, attracting speculative traders.
Trump’s 2024 Election Campaign: Some investors speculate on possible mainstream adoption if Trump returns to power.

$TRUMP Price Analysis: Technical Outlook

The TRUMP/USDT pair is currently encountering resistance around $24.50, where a downward trendline is restricting further upward movement. The recent rally faced strong selling pressure at this level, indicating that traders are taking profits.

A three black crows pattern on the 4-hour chart suggests that bullish momentum is diminishing, increasing the likelihood of a short-term pullback.

• Immediate Support: $19.30, with the 50-period EMA at $18.10 acting as dynamic support.
• Key Resistance: A breakout above $21.50 could reignite bullish sentiment, pushing prices toward $24.50 and beyond.
• Downside Risk: A failure to maintain above $17.30 may lead to a retest of $14.70, a crucial support zone.

A sustained move above $21.50 could extend the rally, while a drop below $17.30 might expose TRUMP to further downside. Traders should monitor these levels to assess the next movement.

Solaxy ($SOLX): Solana’s Scaling Solution

While $TRUMP captures attention with its bullish breakout, another Solana-based project is gaining significant momentum: Solaxy ($SOLX)—the network’s first Layer 2 scaling solution aimed at addressing congestion and high transaction fees.

Solaxy ($SOLX) has now raised over $21 million in its presale, attracting interest from more than 68,000 followers on X.

As Solana’s user base expands, the demand for more efficient, scalable infrastructure continues to grow. Solaxy promises faster transactions, improved interoperability with Ethereum, and seamless cross-chain communication.

Solaxy ($SOLX) has raised over $21 million in its presale, with 5.9 billion tokens staked and staking rewards of 195% annually. With the current price at $0.001636 and a price increase expected, the opportunity for entry is closing rapidly.

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