The Trump/USDT pair has completed a structural reversal and is now settling above the previous resistance level, indicating a continuation of the upward trend. TradingView charts show a classic cup pattern with a breakout targeting a technical level near $45.
Exit from the overall downward trend
A long-term descending channel marked the previous phase of the market, characterized by lower peaks and intensified fluctuations. The price dropped from a historic peak exceeding $170,000 to a rounded bottom completed below $3,000. This reversal formed gradually and closed with a clear breakout above $6,000.
This structural shift prompted a deeper study of the technical foundation underpinning this new bullish trend. A recent image from TradingView revealed the following structure on the daily timeframe: The Trump chart began with a sharp rise to $170,000 before entering a prolonged decline bounded by two descending trend lines.
After the price reached a low of $3,000, it formed a large rounded base resembling a traditional cup pattern. The price broke the descending channel near $6,000 with high-momentum green candles, pushing the pair above $15,000. An upward arrow from the current level of $15,407, which is an expected level, indicates movement towards $45.
This visual presentation aligns with the bullish structural cup target. Key support and resistance levels are clearly indicated on the vertical axis, ranging from $2,300 to $170,000, defining the range of fluctuations and historical pressure points. These levels highlight price movement, reinforcing the bullish outlook for the asset's future trajectory.
Analysts' reading on technical momentum
Market analyst CryptoELITES provided his single-point interpretation of this setup, derived from the same structure: considering the round bullish breakout, he indicates that this pattern confirms an overall reversal phase supported by clean technical engineering.
In his interpretation of the recent candlestick formation, he clarified that consecutive bullish candles reflect strong confidence in the market following the breakout. Delving into this movement, he analyzed how the rise above $6,000, coupled with a slight pullback, creates a new support area, enabling a continuation towards $25, $35, and $45.
This outcome raised new questions, addressed in his subsequent analysis of resistance behavior. By reviewing the height of the structure, he concluded that the complete cup pattern is approaching exactly $45, validating the bullish chart hypothesis. As the breakout matures, he reported that investor sentiment appears to be firmly aligned with structural consensus, indicating a higher probability of resolving the bullish issue if the price remains above $13.46.
