Official Trump (TRUMP), a Solana-based memecoin associated with the US President Donald Trump, may rally by 25% by August. At the core of this bullish outlook is a classic technical setup and growing buzz around Trump-related crypto product launches on Wall Street.
As of July 9, TRUMP was entering the breakout stage of its prevailing falling wedge pattern.
TRUMP signaled a breakout on July 9, albeit it lacked sufficient volumes to show traders’ conviction about the move. The Solana memecoin’s upside target lies around $10.89, up around 25% from the current price levels.
Additionally, TRUMP’s daily relative strength index (RSI) has entered a recovery stage from an oversold area below 30. That is similar to the rebound witnessed in April 2025, which further coincided with TRUMP/USDT’s 120% recovery.
The bullish outlook for TRUMP’s memecoin emerges against the backdrop of potential Federal Reserve rate cuts, declining US dollar, and buzz around the growing Trump crypto ecosystem.
For instance, Trump Media & Technology Group (NASDAQ: DJT) is planning to launch a new exchange-traded fund (ETF) that would invest in a basket of cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Solana (SOL), and XRP (XRP), according to a filing with the US Securities and Exchange Commission on Tuesday.
Trump-linked DeFi project World Liberty Financial (WLFI) plans to make its WLFI governance token tradable on external crypto markets, pending community approval.
The move aims to boost liquidity and user participation, though insiders like Trump and his sons will face extended lock-up periods. WLFI has raised $550 million from public sales, with a total supply of 100 billion tokens.
WLFI’s USD1 stablecoin, launched in March 2025, has over a $2.2 billion circulating supply backed by US Treasurys.
A first audit report is coming soon to boost transparency. Abu Dhabi’s MGX already uses USD1 for a $2B Binance stake and is integrating with Plume Network for multichain expansion.
Memecoins often react sharply to narrative-driven news, and updates tied to influential figures or ecosystems—like Trump’s crypto ventures—can spark major price moves, much like how Elon Musk’s tweets repeatedly fueled Dogecoin rallies.
Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.