The Official Trump coin (TRUMP) has seen a significant price increase, fueled by supportive comments from former President Donald Trump, notable activity from large-scale investors, and positive technical signals. The token gained over 11.8% in 24 hours, trading around $7.88 while the wider cryptocurrency market experienced a 1.3% decline.

Political Commentary Sparks Rally

The rally followed a statement from Trump expressing his ambition to make the United States a “Bitcoin superpower” and the “crypto capital of the world.” He framed digital assets as a tool to “take pressure off the dollar” and enhance the country’s competitiveness. These remarks prompted a swift reaction in politically-themed cryptocurrencies, with TRUMP leading the charge.

Trading volume for the token surpassed $1 billion on major exchanges, highlighting a surge in market interest. The price movement also aligned with a technical pattern that analysts had been monitoring. According to some market observers, TRUMP confirmed a breakout from a long-term falling wedge pattern, which is often interpreted as a bullish reversal signal. This has led to speculation that the token could aim for higher price targets between $18 and $20 if the current momentum holds.

Whale Activity and Technicals Signal Strength

On-chain data provides further support for the positive sentiment. Whale wallets have increased their holdings, with net inflows of approximately $91 million recorded over the last three days. Open interest in TRUMP derivatives has doubled to $351 million, signaling heightened speculative activity, while positive funding rates suggest that long positions are now outpacing short bets.

From a technical standpoint, the token appears strong. It recently bounced from its 50-day exponential moving average (EMA) near $7.29 and broke through a key resistance at $7.96, which corresponds to the 61.8% Fibonacci retracement level. The Relative Strength Index (RSI) is at 57, indicating growing momentum without being in overbought territory, and the MACD indicator remains in a positive crossover.

However, analysts advise caution due to high volatility. Reports suggest that around 80% of the token’s supply is held by entities close to Trump’s inner circle, raising concerns about centralization and the risk of significant profit-taking. A price correction back toward the 50-day EMA remains a possibility.

Expansion Plans Drive Further Speculation

Adding to the market dynamics are reports that Fight Fight Fight LLC, the entity behind the coin, is exploring an acquisition of Republic.com’s U.S. operations. Republic is a major crowdfunding platform, and such a deal could provide the TRUMP token with real-world utility in startup fundraising and payment systems, moving it beyond its memecoin status.

Market Outlook

The token’s ability to sustain its recent breakout will be tested in the coming weeks. Analysts identify key resistance near $8.07, while maintaining support above $6.64 is considered crucial for the bullish trend. If positive sentiment around U.S. crypto policy continues and the potential acquisition materializes, the token could challenge its previous high of around $11.92.

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