TRUMP Coin Surges on Bitget Challenge and Acquisition Rumors
TRUMP coin has experienced a weekly price surge, driven by its involvement in Bitget's Onchain Challenge and acquisition rumours. Its price currently hovers around $8.07, with a market cap of $1.61 billion and a 24-hour trading volume of $1.71 billion.
TRUMP coin's recent rally was sparked by its role in Bitget's Onchain Challenge phase 25, which renewed market interest. Ongoing acquisition talks between Fight Fight Fight LLC and Republic.com have also fuelled speculation, although no official confirmation has been made. The coin's price faces critical support at its 7-day Simple Moving Average (SMA) of $6.91.
Regaining support above $7.77 could set TRUMP token back on a bullish trajectory, with sights set on $10.24. However, the coin's price was recently rejected at $8.64 and has since landed just above $7.25. If the price slips below $7.25, the next support level is $6.40. Despite a 2.11% dip in the last 24 hours, TRUMP coin retains over 36% weekly gains.
TRUMP coin's strongest support now sits around $7.25, with a potential extension to $6.40 if sellers dominate the market. Its price action in the coming days will be crucial in determining its next major move.
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