Official Trump (TRUMP), the meme coin endorsed by U.S. President Donald Trump, has seen a sharp intraday rally, rising as much as 11% on Tuesday. According to CoinMarketCap data, the token was trading at $7.51, marking a 22.26% jump from the previous day, the strongest performance among the top 100 cryptocurrencies by market capitalisation.
The surge extends TRUMP’s impressive weekly performance, with the token up 16% over seven days. After weeks of range-bound movement near the $6.00 level, TRUMP has broken out of consolidation and briefly touched the $8.00 mark, suggesting a potential bullish reversal.
Analysts attribute the spike to renewed optimism surrounding U.S.–China trade relations, which have dominated financial headlines in recent days. The positive shift in sentiment appears to have sparked a wave of speculative interest in assets linked to President Trump, including his namesake cryptocurrency.
Trade Truce Talks Ignite Market Sentiment
TRUMP’s rally coincides with encouraging developments in the ongoing U.S.–China tariff negotiations. Both nations have reportedly agreed to pause new tariffs and move toward resolving disputes over rare earth mineral supply chains and TikTok regulations.
A high-profile Trump–Xi meeting is scheduled for Thursday in Seoul during the APEC summit, where the two leaders are expected to formalise the agreement. The talks follow constructive discussions in Malaysia over the weekend, which have already driven optimism across global markets.
Prediction platforms such as Polymarket indicate a 92% probability that a formal tariff agreement will be reached by 10 November. However, traders remain cautious, with only 36% odds that China will lift its rare-earth export ban by year-end, suggesting lingering geopolitical tensions despite the short-term optimism.
These developments have provided the perfect backdrop for Trump’s namesake token, which often trades in correlation with political news involving the U.S. president.
Technical Indicators Point to Sustained Momentum
From a technical perspective, TRUMP’s chart structure supports the bullish narrative. After stabilising around $6.00 for several sessions, the coin’s Relative Strength Index (RSI) climbed above 60, signalling strong buying momentum before cooling to a neutral 52.97.
The MACD indicator remains in positive territory, with green histogram bars expanding above the zero line. The MACD line’s crossover above the signal line indicates early bullish momentum is still intact despite recent price rejections.
Analysts believe holding above $6.50 will be key for maintaining the uptrend. Sustained buying pressure could open the door for a retest of $7.00 and potentially $8.00 in the coming sessions. On the downside, failure to defend this support could see a pullback to $6.30–$6.00, where strong demand previously emerged.
Broader Market Awaits Key Macro Events
Despite TRUMP’s strength, the broader crypto market remains subdued. Bitcoin (BTC) has slipped below $114,215, while Ethereum (ETH) trades just above $4,100. Binance Coin (BNB) and Solana (SOL) are also down 1–3% over the past 24 hours, trading near $1,132 and $202, respectively.
The week ahead is pivotal for global markets, with two major catalysts on the horizon: the Federal Reserve’s policy decision and the Trump–Xi summit. The Fed’s two-day meeting began Tuesday, with markets expecting a second consecutive interest rate cut following this year’s pivot to monetary easing.
Singapore-based QCP Capital noted that “the Trump–Xi outcome may shape crypto’s near-term path more than the Fed’s decision,” adding that speculation about the Fed ending its three-year quantitative tightening programme could inject liquidity and support risk assets like cryptocurrencies.
Meanwhile, the ongoing U.S. government shutdown, now in its 26th day, has limited key economic data releases, complicating the central bank’s policy outlook.
Outlook: Political Momentum Meets Market Speculation
The Official Trump coin’s latest rally highlights how political narratives continue to influence niche corners of the crypto market. As Trump’s diplomatic engagements and policy decisions dominate global headlines, his eponymous cryptocurrency remains a proxy for investor sentiment toward both his administration and its economic impact.
With the Trump–Xi summit and the Federal Reserve’s decision converging this week, volatility is expected to remain elevated. A successful trade truce could reinforce bullish momentum for TRUMP and potentially catalyse a short-term recovery in broader risk assets.
For now, traders are eyeing the $8.00 resistance level as the next key milestone, one that could determine whether the Official Trump coin’s rally is a fleeting surge or the start of a more sustained uptrend.
