Join Our Telegram channel to stay up to date on breaking news coverage
The Official Trump price surged 6% in the last 24 hours to trade at $8.32 as of 4 a.m. EST on a 24% rise in daily trading volume to $2.53 billion.
This positive price move came as US President Donald Trump said he had an “amazing meeting” with Chinese leader Xi Jinping. It resulted in a one-year trade truce between the world’s two biggest economies that helped support investor sentiment.
💥BREAKING:
TRUMP & XI MEETING RESULTS!
1. Reduced Fentanyl Tariffs to 10%.
2. Overall tariffs on China reduced from 57% to 47%.
3. China to “discuss” chip restrictions with Nvidia.
4. “No more obstacles on rare earths”
5. China and US to collaborate on Ukraine. pic.twitter.com/HVCQZhp9hx
— Crypto Rover (@cryptorover) October 30, 2025
The US agreed to halve tariffs on fentanyl while China paused for a year sweeping controls on rare-earth magnets.
The US is also delaying implementation of tougher entity-list restrictions and extending a pause on some reciprocal tariffs for another year, according to Beijing’s statement.
China will properly resolve TikTok-related issues and resume major US soybean purchases.
The table below is what we sent to clients on Monday, right after the Kuala Lumpur trade talks. The final deal confirmed by Chinese and US leaders today aligns almost exactly with what we assessed negotiators had already settled.
In effect, both sides just took a time machine… pic.twitter.com/mexinpymal
— Chucheng Feng (@fengchucheng) October 30, 2025
“On a scale from zero to 10, with 10 being the best, I would say the meeting was at a 12,” Trump said on Air Force One.
Chinese President Xi Jinping said both teams would work quickly to finalise the agreement and “provide tangible results to reassure the economies of China, the US, and the world.”
TRUMP Coin Price: Strong On-Chain Indicators
On-chain indicators reveal strong network activity supporting the TRUMP rally.
Whales have increased accumulation, moving tokens off exchanges and into private wallets in a sign of long-term confidence and reduced risk of sudden sell-offs.
Recent months saw a major supply unlock, with 90 million TRUMP tokens added to the market, nearly half of the circulating supply. While part of this went to organisations and creators connected to Trump, the bulk of the new volume has been quickly absorbed by both institutional and retail buyers.
On-chain data from exchanges shows steady inflows, with buyers stepping up their positions as the rally gathered steam.
Community activity around TRUMP also surged following Trump’s campaign events and the announcement of special access for major token holders, like exclusive dinners and digital events. The strengthening engagement bodes well for the project’s visibility and longer-term sentiment.
TRUMP Price Technical Analysis: Eyeing Higher Levels
Looking at the daily price chart, TRUMP broke through multiple key resistance levels on the back of the summit news. The token is currently trading at $8.32, up from last week’s low near $3.62 and far above its 50-day simple moving average (SMA) at $7.38.
This is a bullish sign; tokens trading above the 50-day and 200-day SMAs usually attract trend-following buyers.
TRUMP Analysis Source: Tradingview
The next critical resistance comes at $9.48, which is the 200-day SMA and marks a region where selling pressure could increase. If TRUMP can break cleanly above this area on strong volume, technical traders expect a run towards $10 and possibly higher.
Conversely, initial support sits at $7.38 (50-day SMA) with further downside protected by the recent rally base near $3.62. Any short-term dips towards these zones are likely to attract new buyers.
Momentum indicators strongly favour the bulls. The Relative Strength Index (RSI) is at 64.28, showing that price is rising rapidly but not yet at extreme overbought levels. The MACD is bullish, with both lines moving into positive territory, signalling that buyers have control.
The Average Directional Index (ADX) at 36.75 suggests an uptrend building strength but not yet overextended.
TRUMP has formed higher highs and higher lows, with each brief correction quickly bought up. This “buy the dip” behaviour matches past rallies, indicating traders are confident that the fundamental news and positive sentiment will support further gains.
Several price prediction services now forecast short-term upside, with ranges between $8.31 and $9.80 cited as reasonable targets for November. However, sharp rallies, especially those triggered by headline news, can face quick reversals.
If TRUMP fails to hold above $8, the price may retrace towards $7.38, where buyers will watch for renewed support.
Related Articles:
Best Wallet – Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
Credit: Source link
