$TRUMP Coin Price Coils Up, Breakout Hints $25 Retest Possible
Official Trump Coin (TRUMP) is forming a consolidation pattern below a key resistance level. A potential breakout from this setup hints at a revisit of $25.
With US President Donald Trump’s ‘Crypto Dinner’ with $TRUMP Coin holders coming to an end, can this token break out and kickstart an explosive rally?
The one-day chart shows Trump Coin consolidating below $15.335, a level that has prevented an uptrend since its breakdown on February 24, 2025. Between March and May 2025, $TRUMP Coin has created two rounded bottoms, showing buyer strength.
This recovery can be attributed to the spike in demand after Donald Trump announced the Crypto Dinner with the top TRUMP token holders.
A consolidated look of these two rounded bottoms reveals a Cup and Handle pattern. In the Official Trump Coin’s case, a decisive daily candlestick close above $15.335 coupled with volume confirmation indicates a successful breakout.
This technical formation forecasts a 54% breakout rally to $23.954, obtained by adding the Cup’s depth of 54% to the $15.335 resistance level.
While the $23.954 is a theoretical target for the aforementioned setup, a closer look at the daily Trump Coin chart reveals equal highs formed at $25.061.
A sweep of this liquidity could trap breakout buyers, making it a good level for smart money to book profits.