$TRUMP
Current Price: $12.35 (+14.35%)
Breakout Alert: TRUMP is showing strong signs of upward movement
The price of TRUMP has just broken out of a falling wedge pattern—a common chart setup that often signals a trend reversal or continuation. This happened after a big rally in late April, followed by a pullback where the price kept making lower highs and lower lows. That created the wedge shape.
Now, TRUMP has pushed above the wedge's top line with a strong green candle, showing clear bullish momentum. This breakout is even more important because it happened at the same time TRUMP moved above two key moving averages:
The 50-period SMA on the 4-hour chart ($11.86)
The 200-day moving average ($10.21)
These are both positive signs for the trend.
The RSI is currently at 64.19, showing the market has good buying strength but hasn’t hit “overbought” levels yet (which starts at 70). This suggests there’s still room for more gains.
The MACD also supports the bullish case. The blue MACD line just crossed above the signal line, and the histogram has turned positive—both signs of growing momentum.
Target Price Range: Based on the size of the wedge pattern, TRUMP could rise to between $14.50 and $16.00 in the near future.