TRUMP Coin Skyrockets After Major Exchange Listing – Could $40 Be Next?

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Arslan Butt

Crypto Writer

Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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February 14, 2025 12:46 EST

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The OFFICIAL TRUMP meme coin (TRUMP/USDT) surged 35% in the past 24 hours, climbing above $22 after Upbit, South Korea’s largest cryptocurrency exchange, announced its listing. The Solana-based token became available for trading on February 13 at 18:00 KST, with pairs against the Korean won, Bitcoin (BTC), and Tether (USDT).

According to Upbit, deposits and withdrawals opened two hours after the announcement, with trading commencing shortly after. Initial buy orders were restricted for the first five minutes, while non-limit orders remained unavailable for the first hour.

Market Rebound After Early Sell-Off

Launched shortly before former President Donald Trump’s inauguration, the TRUMP meme coin initially surged to a market cap exceeding $10 billion, hitting a high of $39.63. However, early traders quickly offloaded their holdings, driving the price down to $4.29 by January 18.

The token has since rebounded significantly, fueled by renewed market optimism and strategic exchange listings. Despite its impressive recovery, TRUMP’s market cap remains well below its initial peak.

Daily Technical Outlook: TRUMP/USDT – February 14, 2025

The OFFICIAL TRUMP token (TRUMP/USDT) surged 35% in the past 24 hours, reaching $21.93 amid strong buying pressure. The coin has shown remarkable strength after consolidating near $14.12 and now aims for the 23.6% Fibonacci retracement level at $29.27.

This bullish momentum follows the formation of a bullish engulfing pattern on the daily chart, signaling renewed optimism among traders.

The Fibonacci retracement levels indicate critical resistance at $29.27, with further hurdles at $38.56 and $46.19.

A breakout above these levels could open the path to $53.65, aligning with the 61.8% retracement level. On the downside, immediate support lies at $14.12, followed by $8.41 if selling pressure returns.

The 50-day EMA, currently at $32.05, remains above the price, suggesting room for further growth. The bullish engulfing candle and increased trading volume reflect growing market interest, positioning TRUMP for continued upside if momentum sustains.

Key Insights:

• Bullish engulfing candle signals potential rally toward $29.27.
• 23.6% Fibonacci retracement at $29.27 is the immediate target.
• Support at $14.12 remains critical for sustaining the uptrend.

Solaxy ($SOLX): Solana’s Scaling Solution

While TRUMP makes headlines with its bullish breakout, another Solana-based project is gaining significant traction: Solaxy ($SOLX)—the network’s first Layer 2 scaling solution aimed at tackling congestion and high transaction costs.

Solaxy ($SOLX) has now raised over $20.87 million in its presale, drawing interest from more than 68,000 followers on X. As Solana’s user base grows, demand for more efficient, scalable infrastructure continues to rise. Solaxy promises faster 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% annually. With the price now at $0.001634 and a price hike imminent, the window for entry is closing fast.