The post TRUMP, ELON Rally, SPX Trades In Green appeared on BitcoinEthereumNews.com.

The latter half of January is shaping up to be politically charged for meme coins, coinciding with Donald Trump’s return to the spotlight. Leading the pack this week is the Official Trump Token (TRUMP).  BeInCrypto has also analyzed two other standout meme coins that outperformed major players, offering insights for investors. Official Trump (TRUMP) TRUMP continues to dominate meme coins this week, driven by executive orders and announcements from US President Donald Trump. The token’s name association with Trump has amplified its popularity, attracting investor interest amid the politically charged environment. The TRUMP token surged by an impressive 167% this week, briefly reaching a new all-time high of $79.34. The rally reflects heightened market enthusiasm, fueled by Trump’s polarizing actions and growing attention to politically-themed cryptocurrencies. However, the token has faced volatility since its peak. TRUMP Price Analysis. Source: TradingView Currently trading at $34.31, TRUMP aims to secure $45.07 as support to sustain its uptrend. Failing to hold this level could push the price down to $26.09 or lower, invalidating the bullish outlook. Dogelon Mars (ELON) Dogelon Mars gained significant traction this week due to its association with Elon Musk, now leading Trump’s Department of Government Efficiency (D.O.G.E.). This connection has bolstered the meme coin’s appeal among investors seeking opportunities tied to Musk’s influence in the cryptocurrency space. ELON’s price surged 82%, reaching $0.0000003512 after successfully holding $0.0000002921 as a support level. This upward momentum positions the coin to target $0.0000004000, reflecting growing confidence in its potential for further gains. ELON Price Analysis. Source: TradingView Although price correction seems unlikely in the short term, unexpected sell-offs could push ELON below $0.0000002921. A drop to $0.0000002389 would erase recent gains and invalidate the bullish outlook. SPX6900 (SPX) SPX6900, a meme coin associated with the SPX 500 stock market index, has garnered significant attention…

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Filed under: News - @ January 24, 2025 6:20 pm