TRUMP broke below the 4-hour symmetrical triangle, signaling a loss of short-term bullish momentum and testing a key support zone.
The $12.50–$12.70 horizontal demand zone now serves as critical support after previously acting as resistance in past price action.
Moving averages and rising volume near current prices suggest increased interest, with a potential bounce toward $13.50–$14.00 if support holds.
TRUMP is facing a decisive moment after breaking down from a symmetrical triangle on the 4-hour chart. The price is now testing a key support zone that may determine its next direction.
Triangle Breakdown Signals Shift in Short-Term Structure
The $TRUMP 4H chart shows a clear breakdown from a symmetrical triangle formation. This pattern, defined by converging trendlines, typically signals potential volatility. The recent move below the lower trendline marks a breakdown and a loss of short-term bullish structure.
Source: Alpha Crypto Signal
According to Alpha Crypto Signal on X, the price broke the triangle after forming points A-B-C-D within the pattern. The current structure reflects bearish pressure following the breakdown. As per the tweet, price action is now testing a critical horizontal demand zone, which may serve as support around the $12.50–$12.70 level.
Key Support Level Could Decide Next Move
This support area is historically important. It previously acted as resistance and may now serve as a pivot for buyers. Price is currently holding around $12.84. If bulls manage to defend this zone, a bounce is likely toward the $13.50–$14.00 range.
Supporting indicators include the 50-period SMA at $13.22 and the 9 EMA at $13.05. Both are now above the current price and may act as dynamic resistance. Volume has slightly increased on recent candles, showing a rise in interest around this area. However, confirmation of a reversal is still required before assuming a change in trend.
Bearish Continuation or Potential Rebound?
TRUMP is down 3.89% over the last 24 hours but has recorded a 7-day gain of 3.58%. The $12.50–$12.70 region continues to be a key level to track. A clear break below it could see it decline to $11.80 or below.
If support holds, bulls may regain momentum and target a recovery. Traders are advised to watch price behavior closely over the next few candles, as the reaction at this level could guide short-term direction.
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