Market Recovery Boosts TRUMP Coin Amid ETF Filing Update
TRUMP coin, that Solana-based meme token, jumped about 5% on Friday to reach $3.43. The move came as Bitcoin climbed back above $68,000, but TRUMP got an extra push from news about its potential ETF.
Canary Capital submitted an amendment to its S-1 filing for a spot Trump Coin ETF. This isn’t exactly new—they first filed back in August 2025—but the update moves things forward. BitGo is still named as the custodian for the underlying assets.
What’s interesting, I think, is the timing. The broader crypto market rose 4.3% on February 13th, hitting a $2.36 trillion market cap. Bitcoin bounced nearly 4% to $69,000. But TRUMP outpaced that with its 5% gain.
Inflation Data and Market Sentiment
The January CPI data came in at 2.4% annually, slightly below the expected 2.5%. That suggests inflation might be slowing, which could mean interest rate cuts in 2026. That’s probably helping risk assets like crypto.
But TRUMP has its own story. The token, linked to political themes around former President Donald Trump, saw explosive growth after his election victory. Since then, it’s been volatile—sharp declines followed by occasional rebounds.
Bloomberg ETF analyst James Seyffart noted the approval of such a politically-charged, high-volatility instrument would be notable. Especially given current market weakness in February 2026. It highlights ongoing concerns about meme tokens and regulatory compliance.
Technical Patterns Suggest Possible Reversal
Looking at the charts, TRUMP shows a bullish rebound from $3 support to around $3.24 over the last 72 hours. On the daily chart, this looks like a reversal from the bottom trendline of a falling wedge pattern.
The coin has been moving within converging trendlines since April 2025. These lines act as dynamic resistance and support. Historically, when TRUMP retests the pattern’s bottom trendline, it gets enough momentum for a recovery.
The RSI momentum indicator was oversold at 29%, which often precedes a bounce after extended downtrends. If the pattern holds, the coin could potentially rebound about 56% to target the wedge’s upper trendline near $5.36.
But that’s a big if. Meme coins are notoriously unpredictable, and political tokens even more so. The ETF filing adds another layer—traditional investors could access exposure without managing wallets, similar to spot Bitcoin ETFs.
Still, regulatory approval is far from guaranteed. A politically-themed ETF would face scrutiny. And the token’s volatility makes it a challenging underlying asset for any fund.
The market seems cautiously optimistic, though. The combination of broader crypto recovery, favorable inflation data, and ETF progress created a perfect storm for TRUMP’s recent gains. Whether it lasts is another question entirely.
