Trump Coin Surges 16% Following US–China Trade Breakthrough
The Trump Coin (TRUMP) has recorded a major rally this week, jumping 16% in seven days and rising 9.1% in the last 24 hours to trade at $6.79 as of press time, according to data from crypto.news. This marks a strong rebound after several days of sluggish movement around the $6.00 level.
The price surge comes amid improving trade relations between the United States and China, as reports confirm that both sides have agreed to pause tariffs and cooperate on key disputes, including the regulation of TikTok and rare earth mineral supply chains.
Presidents Donald Trump and Xi Jinping are set to meet in South Korea later this week to officially finalize the new trade deal, a move analysts say could boost investor confidence across multiple markets, including crypto assets linked to political themes like Trump Coin.
Market Overview: TRUMP Outperforms the Pack
While Trump Coin is enjoying strong upward momentum, the broader crypto market remains under pressure.
• Bitcoin (BTC) is down 0.8%, trading near $114,215.
• Ethereum (ETH) has dipped 1.29%, holding slightly above $4,100.
• Binance Coin (BNB) and Solana (SOL) are also down by 1–3%, trading at $1,132 and $202, respectively.
Despite the red market, TRUMP has broken away from the trend, showing signs of renewed investor interest following the trade deal headlines.
Technical Indicators: Early Bullish Momentum
After weeks of sideways trading, TRUMP saw a sharp spike on October 27, briefly touching $8.00 before cooling off. It has since stabilized above $6.50, which now serves as a key support level.
Technical indicators also hint at sustained bullish energy:
• The RSI (Relative Strength Index) hit 60, entering overbought territory before cooling to 52.97, signaling a more balanced market mood.
• The MACD histogram shows expanding green bars above the zero line, while the MACD line has crossed above the signal line, suggesting that bullish momentum remains active.
If buyers maintain control, resistance levels at $7.00 and $8.00 could soon be retested. However, failure to defend the $6.50 zone might lead to a pullback toward $6.30 or even $6.00.
Why the Trade Deal Matters
The US–China trade relationship has long been a defining factor for global markets. A positive breakthrough could restore economic optimism and encourage risk-taking among investors, a dynamic that often boosts politically themed or sentiment-driven tokens like Trump Coin.
Market watchers note that TRUMP’s movements tend to mirror political headlines, especially those involving President Trump’s leadership image and economic policies.