U.S. President Donald Trump’s official meme coin, Official Trump (TRUMP), has posted a striking intraday surge, outperforming the broader cryptocurrency market. As of October 28, TRUMP was trading at $7.51, up 22.26% from the previous day, according to CoinMarketCap. The sharp move marks the steepest rise among the top 100 digital assets by market capitalisation.
After weeks of sideways action near the $6.00 mark, the token broke free from its consolidation phase, registering a 22.26% daily gain and a 36% weekly increase. The sudden upswing comes on the back of renewed optimism surrounding U.S.–China trade relations, a political development closely tied to President Trump himself.
Trade Truce Sparks Market Optimism
TRUMP’s rally coincides with news that the United States and China have agreed to pause tariff escalations and resume structured negotiations.
Recent reports suggest both sides will focus on resolving disputes over rare-earth mineral supply chains and TikTok’s regulatory future, easing some of the tensions that have dominated global trade headlines this year.
The breakthrough follows constructive diplomatic talks in Malaysia, which paved the way for a high-profile meeting between President Donald Trump and Chinese President Xi Jinping, scheduled for Thursday in Seoul during the APEC summit.
Both leaders are expected to formalise a preliminary agreement that could stabilise trade flows and strengthen global market confidence.
Prediction platform Polymarket has priced in a 92% probability that a tariff deal will be signed by 10 November, signalling strong investor belief in a positive outcome. However, another contract puts the odds of China lifting its rare-earth export restrictions at just 36%, hinting that while a truce is near, full cooperation may take longer to achieve.
Technical Indicators Flash Early Bullish Signals
After hovering near $6.00 for most of the past week, a sharp rally on October 27 propelled the token close to the $8.00 mark before encountering mild resistance. Despite brief pullbacks, TRUMP has maintained support above $6.50, a level analysts consider crucial for sustaining bullish momentum.
The Relative Strength Index (RSI) briefly entered overbought territory above 60 before cooling to 52.97, suggesting a moderation in momentum but no immediate threat of reversal. Meanwhile, the MACD histogram continues to display expanding green bars above the zero line, with the MACD line crossing above the signal line, a classic indicator of early bullish continuation.
Should buyers defend the $6.50–$7.00 support zone, the next upside targets lie at $7.80 and $8.00. Conversely, a break below $6.30 could open the door for a retest of the prior consolidation area around $6.00.
Wider Market Stays Cautious Ahead of Key Events
Bitcoin (BTC) slipped 2.01% to around $114,215, while Ethereum (ETH) held just above $4,100. Major altcoins such as Binance Coin (BNB) and Solana (SOL) also dipped between 1% and 3%, reflecting broader risk aversion as investors await pivotal macroeconomic and political developments.
Two major catalysts loom large this week: the Federal Reserve’s rate decision and the Trump–Xi meeting in Seoul.
The Fed’s two-day policy meeting begins Tuesday, with markets widely expecting a second rate cut following the U.S. central bank’s pivot to easing earlier this year. Traders are watching for any hints that the Fed might conclude its three-year quantitative tightening programme, which could inject liquidity back into risk assets, including cryptocurrencies.
Singapore-based trading firm QCP Capital noted that “the Trump–Xi outcome may shape crypto’s near-term path more than Wednesday’s Fed rate decision,” highlighting how geopolitics now plays a defining role in crypto sentiment.
Adding further intrigue, President Trump on Tuesday signed rare-earth and trade agreements with Japan, praising Prime Minister Sanae Takaichi for boosting defence commitments, another move signalling strengthening U.S. alliances in Asia.
Outlook: TRUMP Coin Eyes Higher Ground
The combination of fading trade tensions, political symbolism and technical breakout patterns has positioned the Official Trump coin as one of the most-watched assets of the week.
While the broader market awaits clarity from both the Fed’s decision and the Trump–Xi summit, TRUMP’s recent surge has reignited retail enthusiasm and reinforced its status as a politically charged yet market-responsive meme coin.
As long as the token sustains its newfound momentum above key support levels, traders expect a potential retest of $8.00 and possibly higher if positive trade developments continue to unfold.
With global attention fixed on this week’s political and monetary events, Official Trump (TRUMP) may continue to ride the wave of optimism, a fitting reflection of how deeply intertwined digital assets have become with international diplomacy and macroeconomic shifts.
Leave a Reply