- TRUMP is showing signs of recovery after a sharp decline from its ATH of $75, currently trading at $30.09, with a 15.04% surge in the last 24 hours.
- Technical indicators, including a falling wedge pattern on the 4-hour chart, suggest TRUMP could soon break out, with potential price targets between $87 and $106.
- The sub-$25 level is seen as a key support, with TRUMP potentially entering wave C of an Elliott Wave pattern, signaling a possible rally ahead.
The newly launched TRUMP memecoin, which has seen its fair share of volatility since debuting, is now showing signs of a potential recovery. After reaching its all-time high (ATH) of $75, the token quickly experienced a sharp decline as the initial hype surrounding its launch faded. However, the memecoin appears to be regaining momentum and could soon be on track for a strong upward move.
As of today, the memecoin is trading at $30.09, with a 24-hour trading volume of $6.70 billion, a market cap of $6.02 billion, and a market dominance of 0.17%. In the last 24 hours alone, the memecoin has surged by 15.04%, signaling a shift in sentiment towards the token.
TRUMP Set for Bullish Breakout, Aim For $87 – $106 Mark
Crypto analyst Captain Faibik recently pointed out the technical signs that support this bullish outlook. He highlighted a falling wedge pattern on the 4-hour chart, suggesting that the memecoin could be nearing an upside breakout. “Expecting a bounce back hard,” Faibik stated, emphasizing the potential for a significant rally.
The key level to watch for TRUMP is the sub-$25 mark, which appears to be the bottom, forming what could be wave B in a broader Elliott Wave pattern. TRUMP could now be entering wave C, with potential price targets between $87 and $106. If this forecast materializes, TRUMP could see substantial gains in the coming weeks.
With both technical indicators and growing attention from investors, TRUMP is positioning itself for a strong recovery. Whether the memecoin will maintain its bullish momentum remains to be seen, but the signs are certainly pointing toward a promising future for this volatile token.
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