TRUMP Token Targets $9.69: ETF Buzz and Politics Fuel Bullish Momentum

The TRUMP token is once again in the spotlight. It is currently trading at $8.79, up 1.2% in the last 24 hours, while its weekly performance shows a gain of 4.24%. Daily trading volume has reached a staggering $355.8 million, with a market capitalization of $1.75 billion. This growth is no coincidence – it’s being driven by a mix of technical signals and powerful market and political narratives.

ETF Speculation and Political Narrative Boost Investor Optimism The biggest bullish catalyst comes from speculation around Canary Capital’s application to launch a TRUMP ETF. If approved, it would mark a breakthrough in mainstream adoption of the token, already fueling buying pressure. At the same time, the political narrative continues to play a major role. Social media activity and debates tied to key anniversaries and campaigns are drawing new investors, who view TRUMP as a unique symbol bridging politics and finance.

Technical Analysis: Key Levels Ahead of a Breakout From a chart perspective, TRUMP trades above its 7-day SMA ($8.46), confirming short-term strength. However, it remains just below the 30-day SMA ($8.69), suggesting the broader trend still needs confirmation. 🔹 Resistance Levels: $9.20 as the first barrier$9.69 (23.6% Fibonacci retracement) as the critical line, with a breakout potentially opening the door to $10.19 and confirming a strong bullish trend 🔹 Support Levels: $8.52 as a nearby cushion$8.25 forming a rare double-bottom pattern that could serve as a safety net if selling pressure accelerates Indicators show a mixed picture. RSI14 stands at 50.51 – neutral sentiment. Meanwhile, the MACD histogram is slightly positive (+0.055), hinting at short-term bullish divergence and potential upside momentum.

Bottom Line The TRUMP token stands at a crossroads. ETF speculation and political factors are driving optimism, while the charts highlight $9.69 as the critical resistance level. A clean breakout could fuel a rally toward $10 and beyond. But if bulls lose steam, the key support at $8.25 may decide the token’s next move.

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