Trump’s cryptocurrency (TRUMP) is gaining attention as its price approaches a key resistance level. Technical indicators suggest the token is preparing for a potential breakout. If the bulls maintain control, Trump Coin could see gains of up to 40%.
🔹 Bullish Triangle Takes Shape – What Does It Mean?
In recent weeks, TRUMP has been steadily strengthening – buyers are defending increasingly higher lows, forming a classic bullish triangle. The upper boundary of this pattern lies at $16.40, a level that has repeatedly capped the price. Now, however, pressure is building as bulls prepare for a decisive breakout.
If the price breaks above this level, the technical setup suggests a rapid move toward $24.12 – more than 40% higher than the current price.
🔹 What Do the Charts and Indicators Show?
Trump Coin has been consistently bouncing from the key 0.618 Fibonacci retracement level, reinforcing confidence in the uptrend. The rising lows indicate growing bullish momentum, while the horizontal resistance has held firm for months – a textbook signal of potential explosive movement.
Additionally:
🔹 VWAP and the 200-day moving average are trending upward, supporting the bullish case.
🔹 Trading volume will be critical – without strong buying pressure, any breakout could prove to be a false signal.
🔹 The area just below $16.40 is a “flex zone,” where decisive market moves often occur.
🔹 Where Could the Price Go?
Trump Coin is hovering just beneath a major resistance level. If it manages to break through $16.40 with substantial volume, it could quickly rise toward the $24 region. That would represent a potential 42% gain from current levels.
🔹 What Should Traders Watch For?
At this stage, traders should:
🔹 Closely monitor trading volume,
🔹 Observe how price reacts around the $16.40 level,
🔹 Prepare for increased volatility, whether the breakout succeeds or fails.
📈 Trump Coin is at a crossroads. The technical setup hints at a powerful move – the question is whether the bulls will seize the moment and break through resistance. Will it be a real breakout, or just another fake-out?
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