Trump Meme Coin Rebounds 9%, Traders See Positive Signs

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.

Some very positive signs for $TRUMP down at the lows.

Starting to form the bull div here, and just underneath the resistance region of $32.

Reclaim that and I think there's a good chance that was the bottom for a while. pic.twitter.com/S5ttibMZVa
— Cold Blooded Shiller (@ColdBloodShill) January 28, 2025

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%.

Read Next: