Currently trading at $8.96, $TRUMP
is down over 6% on the day, with a 24h high of $10.21 and low of $8.56. Despite the drop, the chart tells a different story — one that might interest short-term traders and breakout hunters.
🔹 Volume remains high, with 73.87M TRUMP tokens traded
🔹 Price action is showing a well-defined accumulation range
🔹 The box drawn in purple highlights that TRUMP has been consolidating between ~$8.50 and ~$12 for some time now
🧠 What's the Setup?
We’re seeing a classic sideways range here — with multiple touches on both support and resistance. The pink arrow suggests a potential breakout if the upper boundary is tested again.
Here’s what to keep in mind:
🔹 Support Zone: $8.50–$8.70
🔹 Resistance Zone: $11.80–$12.00
🔹 Bias: Neutral-to-bullish — as long as support holds
🔹 Catalyst to Watch: A clean close above $12 could open up space toward $14+
➮ Until then, it's a range trader’s game: buy near support, sell near resistance, and stay cautious of false breakouts.
This kind of consolidation often precedes sharp moves, especially in meme or narrative-driven tokens like TRUMP. Just keep risk management in check — tight stops below the range are key if volatility spikes.