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Will TRUMP Memecoin Price Reach $50 Again by the End of February?

TRUMP memecoin price gains bullish momentum after its 30% rally over 48 hours. Can the TRUMP coin hit $50 before February ends?
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Will TRUMP Memecoin Price Reach $50 Again by the End of February?

Highlights

  • TRUMP memecoin price has surged 30% in the last 48 hours, setting a two-week high at $24.
  • Breaking the key resistance at $23.53 could push the TRUMP coin towards $50.
  • Analysts bullish take, crypto whale buying, WLFI strategic reserve, and technical factors to fuel this rally.

The official Trump (TRUMP) is continuously being paid attention to due to its connection to US President Donald Trump. For the same reasons, the token peaked right after launch, reaching an ATH at $75.35. However, the hype faded soon, resulting in the TRUMP memecoin price crash and further consolidation. Interestingly, the last few days have shown a different side. With this TRUMP coins’ significant recovery, the question is, can it reach $50 by the end of February? Let’s discuss.

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TRUMP Memecoin Price Rally Begins

Donald Trump’s token’s journey in the crypto market is nowhere different from a rollercoaster ride. After its launch on January 17, the TRUMP memecoin price quickly reached a high of $72 before crashing to a low under $15.

Even at present, the TRUMP coin stands 74% away from its all-time high per CoinMarketCap. However, it has recovered 30% in the last 48 hours, trading at $19.80 with a market capitalization of $3.9B. More importantly, it peaked at $24, two weeks high, raising investors’ excitement about its potential rally to $50.

Interestingly, this happened as investors went to buy the dip, catering to increasing trading volume. In the last 48 hours, TV has surged from less than $1 billion to $6.69 billion, marking a new 600% surge. However, the $50 journey is still far and requires constant bullish momentum.

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Can TRUMP Memecoin Price Hit $50 By February End?

The 30% surge in the last 2 days is a testament to the investors returning interest to this trending meme coin. As a result, this creates the possibility of further surge amid global market recovery. More importantly, from a technical point of view, the TRUMP memecoin price has recently broken out of a key downtrend and is battling with the resistance level.

A successful breakout from the key resistance of $23.53 could open the path to $50. For this bullish TRUMP price prediction to come true, this token must turn this resistance into support and surpass the low resistance between $25 and $50.

Moreover, the historical price pattern and its price chart also support the possibility of $50. According to the technical indications, the Relative Strength Index (RSI) is strong, while the MACD indicates bullish momentum. However, with the failure to reclaim, the price could crash back near the $15 support.

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Key Factors That Might Fuel This Price Rally

Despite the earlier criticism and doubts over TRUMP coins’ performance, investors’ sentiments favor its recovery. The On-Chain data and a recent CoinGape blog revealed that the whales are accumulating this token in bulk, with some buying over $10 million worth of tokens at a time.

Fueling the spark, BitMEX CEO Arthur Hayes believes TRUMP could surpass Bitcoin’s dominance. He claims this could happen if politicians leverage meme coins for branding and campaign financing.

Additionally, Trump’s crypto project, WLFI, launched its strategic token reserve, Macro Strategy, which is fueling optimism. Some analysts even believe that the firm may acquire the TRUMP tokens.

Such key developments around this crypto token, fueled by technical factors, could favor the rally to $50 by the end of this month.

Final Thoughts on TRUMP Coin’s Future Outlook

The Trump memecoin price reclaiming $23.52 is the key moment to shape its bullish trajectory to $50. The token has already succeeded in reclaiming investors’ interest, fuled by WLFI strategic reserve announcement and whale buying.

However, despite all this, investors should not blindly jump into trade. The token is still down 74% from its prime. Failure to reclaim the $23.52 could further crash it. Moreover, the Bitcoin price movement and macroeconomic trends need to be considered.

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Frequently Asked Questions

Why is TRUMP memecoin price surging today?

TRUMP memecoin price surged 30% due to increased investor interest and whale accumulation amid WLFI launching strategic reserve.

Can the TRUMP coin price hit $50 by February end?

TRUMP coin price can hit $50 if it breaks the key resistance at $23.53 and maintains the bullish momentum.

How WLFI strategic reserve could impact the TRUMP coin's future?

WLFI's strategic reserve, Microstrategy, has sparked speculation that it may acquire TRUMP tokens. If this happened, TRUMP price could surge significantly.
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Pooja Khardia

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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