TRUMP Token Recovery Sparks Bullish Sentiment; Is a Rally Toward $16.50 on the Horizon?
- TRUMP meme coin holds key $13 support after consolidation, hinting at fresh upward momentum.
- Entry zone between $12.60$12.90, with resistance at $13.37 and $14.20 signaling breakout potential.
- A move above $14.20 targets $15.50; a drop below $12.30 invalidates the bullish outlook.
The TRUMP meme coin is rallying toward upward momentum and continues its movement to reach its key support level at $13 after a long time of consolidation. Now it is moving toward a fresh and new momentum. Both traders and investors are closely watching this coin to get a maximum recovery. If a successful breakout occurs, it will lead to new and fresh highs.
At the time of writing, TRUMP is trading at $12.78 with a 24-hour trading volume of $671.08M and a market cap of $2.55B. TRUMPs price is hit by the market volatility on the one-day and weekly charts; however, over the last month, its price is significantly up by 64.55%, showing signs for the next major journey.
Source: CoinMarketCap
TRUMP Signals Bullish Momentum and Eyes $15.50
According to the crypto analyst Emma, the memecoin $TRUMP has performed an impressive recovery following its sharp dip, rebounding from deep lows to a high target of $16.46. It was a turning point in market attitudes, indicating renewed investor interest in the token despite recent bearish pressure.
But since the surge, $TRUMP has fallen into a process of sideways consolidation, now fluctuating in a clearly visible range of $12.50 and $13.30. Specifically, the token has been able to recapture and sustain the significant barrier at $13.00, a mark of internal resilience. The current consolidation, although reducing in scope, is seemingly creating a possible foundation for the next major movement. As buyers steadily absorb selling pressure, theyre preventing any significant breakdown in price.
Technically, the price structure is an attractive setup for a breakout, and traders are watching for opportunities. The optimal accumulation or entry point is between $12.60 and $12.90, a zone that has repeatedly attracted buyer interest, offering strong support during previous dips. The near-term barrier on the upside is offered at $13.37, where earlier rallies have encountered selling interest, while a broader target is found at $14.20, aligning with previous peak levels reached during earlier upward moves.
Source: X
In the event that bullish strength is maintained and price is able to decisively cut through these resistance points, $TRUMP may target a retest of the $15.50 level, a region that is the upper boundary of the recent rally. Conversely, a clear breakdown below $12.30 would negate the bullish structure, making it a logical stop-loss level for risk-conscious traders across varying market conditions.
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Text source: TronWeekly
