TRUMP Soars 23% in 24 Hours, Bulls Eyeing $3.68 Target
The TRUMP memecoin has been on a tear, surging by over 23% in just 24 hours to lead the market's top 100 cryptos by daily gains. This rally has pushed its weekly gains to more than 64%, with its daily trading volume skyrocketing by 166% to surpass the $1.06 billion-mark.
One key driver behind this price surge is TRUMP's expanding market reach, particularly in Asia. The memecoin will be making its first conference appearance at Korea Blockchain Week, which could expose it to a new and potentially lucrative market.
Additionally, whales have been leveraging the memecoin on the Futures market, with large positions being taken out between $2.44 and $2.77. This has contributed to TRUMP's price increase, but traders should be aware that leverage can amplify both gains and losses.
Looking at the price charts, TRUMP is currently trading between $2.16 and $2.90. If bulls can maintain their momentum, the memecoin may break out of this range and reach as high as $3.68. However, if it loses support at these levels, TRUMP could slide below $2.