The Trump/USDT pair completed a structural reversal and is now settling above the previous resistance level, indicating the 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
The long-term downward channel marked the previous market phase, characterized by lower highs and intense fluctuations. The price dropped from a historical 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: Trump's 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 out of the downward 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, an expected level, indicates movement towards $45.
This visual display aligns with the structural cup target bullish. Key support and resistance levels are clearly indicated on the vertical axis, ranging from $2,300 to $170,000, which defines the range of fluctuations and historical pressure points. These levels highlight price movement, reinforcing the bullish outlook for the future asset path.
Analysts' reading on technical momentum
CryptoELITES market analyst provided his single-point interpretation for this setup, derived from the same structure: considering the fundamental round breakout, it indicates that this pattern confirms a total reversal phase supported by clean technical engineering.
In his interpretation of the recent candlestick formation, he clarified that the consecutive bullish candles reflect strong market confidence after the breakout. Delving into this movement, he analyzed how the rise above $6,000, coupled with a slight retracement, creates a new support zone, enabling a continuation towards $25, $35, and $45.
This outcome raised new questions, which he addressed in his subsequent analysis of resistance behavior. Reviewing the structural high, he concluded that the complete cup pattern is nearing $45, validating the bullish chart hypothesis. As the breakout matures, he reported that investor sentiment appears solid with structural alignment, indicating a higher probability of solving the bullish scenario if the price remains above $13.46.
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