Trump Coin (Official Trump/TRUMP) experienced quite a price surge following the US’ military attack on Venezuela. According to CoinGecko statistics, the coin’s price has risen 11% in the weekly charts and 10.8% in the 14-day charts. However, the rally may be at an end as the asset has seen no price change in the last 24 hours and a 3.7% correction over the previous month. Let’s discuss if Trump Coin will continue its rally and reclaim the $7 mark over the coming days.
Can Trump Coin Continue Its Rally To $7?
Trump Coin’s price surge was likely linked to the US attacking Venezuela and capturing its President, Nicolás Maduro Moros. The US also seized Venezuelan oil reserves, which are the largest in the world. However, TRUMP’s rally seems to be cooling off as the asset faces substantial resistance at the $5.60 price level.
Also Read: US Government May Seize Venezuela’s Bitcoin & crypto Reserves
Trump Coin’s rally also coincides with a larger crypto market resurgence. Bitcoin (BTC) has reclaimed the $93,000 price level, and other assets seem to be following its upward trajectory. Memecoins, in particular, are experiencing substantial gains over the last few days.
Despite the bullish reversal, there is a big chance that Trump Coin will face a correction soon. The asset has struggled to gain momentum over the last few days and is down by more than 92% from its all-time high of $73.43, which it attained on Jan. 19, 2025, one day before President Trump’s inauguration. Moreover, the crypto market is still far from recovering its losses over the last three months. Market participants are still keeping away from risky assets, such as cryptocurrencies. TRUMP investors will likely book profits and move their funds to other safer bets.
CoinCodex analysts are also quite bearish on Trump Coin. The platform anticipates the asset to drop to $3.89 on Jan. 15, 2026.
