Zinger Key Points
- Donald Trump’s meme coin Official Trump ranks among the top five cryptocurrency gainers in the past 24 hours.
- Traders speculate reclaiming $32 could confirm a local bottom, with some predicting a potential rally to $38.70.
- Get Wall Street's Hottest Chart Every Morning
The Trump TRUMP/USD meme coin has surged into the spotlight, rebounding by 9% on Tuesday.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| OFFICIAL TRUMP TRUMP/USD | $29.20 | $5.8 billion | +9.2% | -28.2% |
| Official Melania Meme MELANIA/USD | $2.40 | $415 million | -2.6% | -39.6% |
Trader Notes: Cold Blooded Shiller sees promising signs for TRUMP near its recent lows, pointing out a bullish divergence forming just below the $32 resistance level.
He believes reclaiming $32 could signal that TRUMP has found a temporary bottom.
In another tweet, Shiller suggested that TRUMP's value could 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.
He noted that TRUMP appears to have bottomed out and expects a reclaim of $30 could lead to a rapid rise toward $38.70.
Johnny added that it's unlikely Trump would let the coin fade, hinting at the potential for a TRUMP-focused ETF in the future.
Statistics: The 24-hour trading volume of $3.3 billion for TRUMP surpasses other high-ranking gainers in the market.
TRUMP is the highest-volume meme coin in the market, surpassing the trading volume of much larger Dogecoin by over 60%.
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