Official Trump (TRUMP) has gone up by 16% in the past 7 days after the President pardoned the former CEO of the popular crypto exchange Binance.

Changpeng Zhao was convicted for breaking anti-money laundering laws in the United States. He was sentenced to spend a few months in jail and pay a big penalty of $4.3 billion as a result.

This was considered a significant breakup between the U.S. government and the largest crypto exchange in the world at the time.

However, President Donald Trump has changed this narrative, as he gave CZ another chance to make things right. The crypto community greeted the news, and four individuals built a statue for the exchange’s former leader. They will display it in Washington this week to celebrate the announcement.

In response, the price of the president’s official meme coin has climbed, and trading volumes have increased by 170% in the past 24 hours as the token touched the $8 resistance area.

Volumes have reached 150% of the asset’s circulating market cap, emphasizing that both buying and selling pressure have been strong at this price level.

Despite this latest uptick, the token has still accumulated 5%, as the latest rally that the crypto market experienced did not favor meme coins. In addition, market sentiment remains a bit depressed compared to a few weeks ago, primarily amid the president’s unexpected decision to raise tariffs by 100% on Chinese imported goods.

This decision temporarily derailed the beginning of altcoin season, caused a sharp drop across all crypto assets, and did the opposite of helping $TRUMP recover from some of its recent losses.

TRUMP Could Rise to $9.5 If Bullish Momentum Accelerates

The market is now waiting for tomorrow’s FOMC meeting to see if the Federal Reserve will cut rates by another 25 basis points, as analysts expect.

The latest price swings pushed TRUMP above the $8 level for the first time since early October. This showcases that buying interest rose after CZ’s pardon.

However, selling pressure also mounted at this exact level, possibly as traders who have been down for months preferred to cash out and trim their losses rather than waiting to see if this rally takes TRUMP much higher.

The price jumped above the 200-period exponential moving average (EMA) in the 4-hour chart. This means that the long-term trend for the token is now positive.

As long as it holds above this line, TRUMP could retest the $8 level soon. If it breaks above it, it could rally to much higher ground – possibly to $9.5. This means a potential 36% gain if this scenario plays out.

The Relative Strength Index (RSI) hit overbought territory in this time frame, which increases the odds of a pullback. However, it also indicates that the uptrend is quite strong, favoring a bullish outlook for the next few days.

Although promising, Trump’s rally could be overshadowed by the performance of the top crypto presales of this year. One in particular, Bitcoin Hyper ($HYPER), has captivated investors upon raising $25 million to launch the first true Bitcoin Layer-2.

Bitcoin Hyper ($HYPER) Presale Brings Next-Level Bitcoin Speed

Bitcoin Hyper ($HYPER) is the first Layer 2 built to supercharge Bitcoin. It overcomes the network’s well-known issues like slow transactions, high fees, and limited programmability. All of this is possible with the help of the more efficient Solana blockchain.

Bitcoin Hyper opens Bitcoin to Web3, dApps, and smart contracts. Everything starts at the Hyper Bridge, to which investors can safely send their BTC tokens to access the Hyper L2. They will get the corresponding amount of tokens in the side chain with near-instant finality.

Once in there, they can earn yield, stake, and lend their assets, or even trade meme coins.

The project offers early buyers access to a high-yield staking pool with APYs of 47%. The price of $HYPER increases periodically. So, the earlier you buy, the lower the price you’ll get.

Analysts agree that this project will capture investors’ attention rapidly once top wallets and exchanges embrace the solution.

To buy $HYPER before the next price increase, simply visit the official Bitcoin Hyper site to link your wallet. You can complete your purchase by swapping ETH or USDT or by using your traditional bank card.