The official TRUMP ($6.07) meme coin has shown a robust recovery after dropping to $32, with its price increasing over 20% to surpass $41. This surge coincided with developments related to new TRUMP ETF applications submitted to the U.S. SEC on Tuesday. Interestingly, Donald Trump’s comments on meme coin volatility triggered significant fluctuations in the Solana $255 meme coin.
TRUMP Price Target and Technical Analysis
Crypto analyst Ali Martinez noted that the TRUMP token successfully broke the falling wedge formation, indicating potential growth with a price target of $54. According to Martinez, “The TRUMP token continues to trend upwards.”
ETF Applications and Market Reaction
REX Financial and Osprey Funds have filed possible applications for a TRUMP ETF with the SEC, coinciding with the recent launch of the ...