The Official Trump (TRUMP) token experienced a sharp 19.7% surge in the past 24 hours, reaching a high of $13.98, fueled by escalating geopolitical tensions. However, after the initial rally, TRUMP has retraced, now trading lower at $12.98 as resistance at $13.98 holds.
The surge followed a tense diplomatic fallout between Ukrainian President Volodymyr Zelenskyy and former U.S. President Donald Trump, which led to increased market speculation. Despite the initial spike, TRUMP is now showing bearish momentum, with traders closely watching key support levels at $12.19 and $11.05 to determine the next move.
Trump-Zelenskiy Standoff Sends Shockwaves Through Crypto Markets, Boosts “Official Trump” Token
Diplomacy took a backseat as Trump and Vice President JD Vance clashed with Ukrainian President Volodymyr Zelenskiy, accusing him of ingratitude over U.S. military aid.
What was meant to be a high-stakes negotiation over U.S. access to Ukraine’s oil, gas, and rare minerals ended in a diplomatic fiasco, with Zelenskiy reportedly shown the door.
The fallout has widened the rift between Kyiv and Washington, fueling uncertainty over Ukraine’s security and economic future.
Meanwhile, Europe scrambled to contain the damage. French President Emmanuel Macron and NATO Secretary General Mark Rutte convened emergency talks with Zelenskiy, while Britain prepared a security summit to discuss contingency plans.
German chancellor candidate Friedrich Merz also weighed in, pledging continued European support for Ukraine.
As tensions escalated, traders rushed into the “Official Trump” token, betting that Trump’s hardline foreign policy stance could boost both his political capital and assets tied to his brand.
While Trump-related tokens soared, the broader crypto market wobbled under the weight of geopolitical uncertainty, reflecting unease over potential policy shifts.
Trump-Vance clashed with Zelenskiy, ending a key U.S.-Ukraine deal and straining ties.
European leaders backed Ukraine, with Macron and NATO holding emergency talks.
“Official Trump” token surged, while broader crypto markets faced pressure.
Trump’s Tariff Bombshell: Canada, Mexico, and China Brace for Economic Fallout
If the diplomatic crisis wasn’t enough, Trump turned up the heat on global trade, slapping fresh tariffs on Canada, Mexico, and China. A 25% tariff on Canadian and Mexican imports takes effect on March 4, while Chinese goods face an additional 10% tariff, raising total duties to 20%.
The move sent ripples through markets, raising fears of a full-blown trade war.
Analysts had hoped for a delay, but Trump’s uncompromising stance signals a shift towards protectionism. With China’s National People’s Congress on the horizon, Beijing is expected to retaliate with countermeasures, further straining international trade relations.
As investors navigated the turbulence, many piled into politically-driven assets like OFFICIAL TRUMP, speculating that Trump’s economic and geopolitical maneuvering could push the coin’s value higher.
However, market watchers warn that the hype may be short-lived. If diplomatic tensions ease or alternative trade agreements emerge, the coin’s rally could reverse just as quickly as it started.
Trump imposed new tariffs on Canada, Mexico, and China, raising trade war fears and market instability.
Investors speculated on Trump’s policies, driving the “Official Trump” token’s surge.
Analysts warn of volatility, as the coin’s gains may fade if tensions ease.
TRUMP/USDT Price Analysis: Rally Stalls as Resistance Holds
The TRUMP/USDT 4-hour chart shows that while the token surged 19.7% to a high of $13.98, it has since pulled back to $12.98, indicating that resistance remains strong.
The rejection from the descending trendline and 50 EMA suggests that bullish momentum is fading.
Currently, support at $12.19 is holding, but if it breaks, $11.05 and $9.53 could be the next downside targets. On the upside, reclaiming $14.44 could shift market sentiment, opening the door to a retest of $16.15.
The trend remains bearish, with lower highs forming consistently. A breakout above key resistance levels, supported by strong volume, would be needed to confirm a potential trend reversal.
Until then, traders should watch support zones and geopolitical developments for further cues.
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The post Official Trump Fires Up 19.7% in Past 24 Hours as International Relations Heat: Can This Hold? appeared first on Cryptonews.
