The OFFICIAL TRUMP meme coin (TRUMP/USDT) surged 35% previously 24 hours, climbing above $22 after Upbit, South Korea’s largest cryptocurrency trade, introduced its itemizing. The Solana-based token turned accessible for buying and selling on February 13 at 18:00 KST, with pairs in opposition to the Korean gained, Bitcoin (BTC), and Tether (USDT).
In response to Upbit, deposits and withdrawals opened two hours after the announcement, with buying and selling commencing shortly after. Preliminary purchase orders have been restricted for the primary 5 minutes, whereas non-limit orders remained unavailable for the primary hour.
BREAKING: UPBIT is itemizing $TRUMP!
Meme mania isn’t over, it’s simply getting began. However watch out, hype comes and goes.
At all times do your analysis earlier than leaping in.#Trump #MELANIA #VINE #TST #memecoin pic.twitter.com/dGCST5wpNF
— Rananjay Singh (@TodayCryptoRj) February 13, 2025
Market Rebound After Early Promote-Off
Launched shortly earlier than former President Donald Trump’s inauguration, the TRUMP meme coin initially surged to a market cap exceeding $10 billion, hitting a excessive of $39.63. Nevertheless, early merchants shortly offloaded their holdings, driving the value right down to $4.29 by January 18.
The token has since rebounded considerably, fueled by renewed market optimism and strategic trade listings. Regardless of its spectacular restoration, TRUMP’s market cap stays effectively beneath its preliminary peak.
Each day Technical Outlook: TRUMP/USDT – February 14, 2025
The OFFICIAL TRUMP token (TRUMP/USDT) surged 35% previously 24 hours, reaching $21.93 amid robust shopping for stress. The coin has proven outstanding energy after consolidating close to $14.12 and now goals for the 23.6% Fibonacci retracement stage at $29.27.
This bullish momentum follows the formation of a bullish engulfing sample on the each day chart, signaling renewed optimism amongst merchants.
TRUMP surged 35% to $21.93, eyeing the 23.6% Fib stage at $29.27. A bullish engulfing candle hints at additional positive aspects.
pic.twitter.com/bsM7JtGfD8
— Arslan Ali (@forex_arslan) February 14, 2025
The Fibonacci retracement ranges point out vital resistance at $29.27, with additional hurdles at $38.56 and $46.19.
A breakout above these ranges might open the trail to $53.65, aligning with the 61.8% retracement stage. On the draw back, quick assist lies at $14.12, adopted by $8.41 if promoting stress returns.
The 50-day EMA, at present at $32.05, stays above the value, suggesting room for additional progress. The bullish engulfing candle and elevated buying and selling quantity mirror rising market curiosity, positioning TRUMP for continued upside if momentum sustains.
Key Insights:
- Bullish engulfing candle alerts potential rally towards $29.27.
- 23.6% Fibonacci retracement at $29.27 is the quick goal.
- Assist at $14.12 stays vital for sustaining the uptrend.
Solaxy ($SOLX): Solana’s Scaling Resolution
Whereas TRUMP makes headlines with its bullish breakout, one other Solana-based challenge is gaining important traction: Solaxy ($SOLX)—the community’s first Layer 2 scaling answer aimed toward tackling congestion and excessive transaction prices.
Solaxy ($SOLX) has now raised over $20.87 million in its presale, drawing curiosity from greater than 68,000 followers on X. As Solana’s person base grows, demand for extra environment friendly, scalable infrastructure continues to rise. Solaxy guarantees quicker transactions, enhanced interoperability with Ethereum, and seamless cross-chain communication.
Solaxy ($SOLX) has raised over $20.87 million in its presale, with 5.9 billion tokens staked and staking rewards of 195% yearly. With the value now at $0.001634 and a worth hike imminent, the window for entry is closing quick.
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