Trump coin price has broken out of a long consolidation, riding on the latest developments surrounding the US-China tariff wars.
The Trump coin price has surged 9.1% over the past 24 hours and is up 16% on the weekly chart, trading at $6.79 as of press time, per crypto.news data. The uptick marks a sharp break from its prolonged consolidation phase, which saw it hover around the $6.00 level for days.
TRUMP’s gains come as positive developments lessen the trade tensions between US and China. Recent reports reveal that both parties have agreed to pause tariffs and work toward resolving disputes related to rare earth mineral supply chains and TikTok regulations. Presidents Donald Trump and Xi Jinping are expected to meet in South Korea on Thursday to formalize the agreement.
Despite the broader significance of the news, the overall crypto market remains in the red. Bitcoin (BTC) has declined to $114,215, Ethereum (ETH) is barely holding $4,100, and Binance Coin and Solana have slipped to $1,132 and $202 respectively, showing 1-3% losses over the past day.
TRUMP (TRUMP) price has traded in a relatively straight line around the $6.00 region. However, a sharp spike occurred on Oct 27, which sent the altcoin soaring close to the $8.00 mark. While the token has suffered some pullbacks, it has found support above $6.50.
The RSI, which briefly entered overbought territory above 60, has since cooled to 52.97, reflecting a shift from bullish momentum back toward neutrality. Meanwhile, the MACD histogram shows increasing green bars above the zero line, and the MACD line has crossed above the signal line, indicating early bullish momentum remains in play despite the recent price rejection.
Going forward, holding above $6.50 could pave the way for a retest of $7.00 and $8.00. However, if bulls fail to defend this zone, Trump Coin could retreat toward $6.30 or even back to the $6.00 range.
