The TRUMP memecoin experienced a significant surge, rising 11.34% to $8.54, following the resolution of the U.S. government shutdown. This increase in investor confidence also saw the token break out of a prolonged descending channel, surpassing $9 and key moving averages, indicating a strengthening uptrend.
Market liquidity for the TRUMP memecoin improved notably, with trading volume reaching $1.81 billion. A positive buy-sell delta of 4 million and a 258% increase in volume highlighted strong buyer interest. Despite the rally, potential risks include whale profit-taking and resistance at the $10 mark.
TRUMP Memecoin Jumps 11.34% as U.S. Government Shutdown Ends
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