TradingKey - Influenced by President Trump's endorsement, $TRUMP surged 11%, but can the rally continue?
On the evening of March 23, following President Trump's endorsement, TRUMP coin instantly surged over 11%, rising from a low of around $11 to a high of $12.24. Subsequently, the price of TRUMP coin retraced to $11.28 but is now gradually rebounding to $11.8.
$TRUMP Price Chart, Source: CoinMarketCap.
Trump posted on his social platform Truth, stating, "I love TRUMP coin—so cool!!! The greatest of them all!!!!!!!!!!!!!!!"
Content Posted by Trump, Source: Truth.
Although $TRUMP experienced a noticeable pullback after Trump's endorsement, it did not fall back to its starting point. Moreover, the price has gradually recovered this morning, often indicating that funds are stepping in to support the price, suggesting the rally may continue.