Trump Token on SOL Skyrockets 590x in a Day, Eyes on Next Low Cap Gem for Big Move

cryptonews.com:

As Solana meme coin markets remain supercharged, Trump token on SOL has mounted an incredible 590x price climb in less than 24 hours.

This article will provide an analysis of TRUMP’s current price trends and look to see whether a newer Bitcoin alternative, GBTC, represents a more promising investment opportunity at this time.

#trump is on air force 1 and has no intention of meeting Biden at the white house. Send it to 4bmcap. 2LzvQfbj9VU66BvZc3uoVLNEqQm4iFi89QgV5y1A6ehE https://t.co/nrKMqPZ2E6 pic.twitter.com/CGjcgUF3uU

— Alkebulan-HTown (@AlkebulanHTown) March 7, 2024

The defiant launch of TRUMP on SOL emerged in response to seismic moves by SOL-based Presidential rival Jeo Boden token – which exploded over +100,000%.

As price action battles for lower support, TRUMP is currently trading at a market price of $0.00165 (representing a 24-hour change of +33,992%).

This comes after TRUMP token launched at an opening price of just $0.00002 at around 10AM (UTC) on March 10, however, price action ignited in the 4th hour of trading, with price pushing up an initial +6,500%.

Consolidation over the subsequent 3-hours here saw a support level established around $0.0007, and this set the stage for a major upside move as eagle-eyed Solana DEX traders flooded in to join the emerging rally.

Skyrocketing TRUMP price action climbed a further +700% to hit an all-time high at $0.005.

Yet, with early backers sat atop +50,000% gains, a sell-off triggered, and retracement swept into the chart – sending TRUMP token tumbling -86%.

But, in a show of resilience, the $0.0007 support level was successfully defended by TRUMP holders, now triggering a potential second rally leg.

The +130% bounce from support over the past 3-hours has been buoyed up by solid