Will the OFFICIAL TRUMP Price Ever Rise Again? Here’s What to Expect

Share This Post

Donald Trump $TRUMP Memecoin

The post Will the OFFICIAL TRUMP Price Ever Rise Again? Here’s What to Expect appeared first on Coinpedia Fintech News

The TRUMP coin price is on the rise, attracting over 11% gains in the past 24 hours regardless of the rising bearish influence. The token has been attracting millions of new buyers, as 1 in 7 Americans have reportedly invested in either TRUMP or MELANIA. Interestingly, 42% of them are first-time crypto investors. Now that Trump’s team has reportedly liquidated most of their TRUMP holding and exhausted the maximum of the selling pressure, is there any chance of a consistent ascending trend after a strong rebound?

In a recent update, President Trump announced a $500 billion investment in AI and acknowledged the successful issuance of a TRUMP meme. This led to institutional applications for a spot TRUMP ETF, which may further lead to a potential breakout. The TRUMP price now aims for a 100% rise, but the question arises whether the rise is sustainable and reliable or will just be another bull trap.

The short-term price chart of TRUMP suggests the token is facing an extreme volume squeeze, which has compelled the price to maintain a horizontal trade. This squeeze usually results in a massive influx of liquidity as the trade remains within the decisive symmetrical triangle. Regardless of the recent price action that elevated the levels beyond $75, the MACD remained within the negative range. Meanwhile, the levels have just flipped to the average zone, suggesting the strengthening dynamics of the token. 

On the other hand, the stochastic RSI has displayed a rebound and entered within the bullish range, hinting towards a continued ascending trend. The price is constantly trying to breach the resistance at $43.65 constantly which could push it further above $50. Meanwhile, the base between $36.84 and $37.63 may offer strong support in case of a pullback. Regardless of the numerous claims, the OFFICIAL TRUMP (TRUMP) price remains poised for a quick rebound above $50. However, the sustainability above the range may depend on the volume and the trader’s confidence in the token. 

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

The post Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1 appeared first on Coinpedia Fintech News Story Highlights The price of Dogecoin today is Dogecoin price may reach a

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

The post Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2 appeared first on Coinpedia Fintech News Story Highlights The live price of the Cardano token is ADA coin price could

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

The post Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next appeared first on Coinpedia Fintech News Story Highlights Solana Price Today is Solana price could reach a

Crypto.com Expands UAE Footprint With License to Offer Derivatives

Cryptocom has received a limited license from Dubai’s Virtual Assets Regulatory Authority (VARA) to offer derivative products such as futures and perpetual swaps, marking a major step forward

Binance Coin Price Prediction 2025, 2026 – 2030: Will BNB Hit $1000?

The post Binance Coin Price Prediction 2025, 2026 – 2030: Will BNB Hit $1000 appeared first on Coinpedia Fintech News Story Highlights Binance Coin Price Today is The BNB price prediction

Vermont withdraws action against Coinbase, awaits SEC’s regulatory clarity

Vermont has officially withdrawn its legal action against Coinbase, which accused the crypto exchange of offering unregistered securities through its staking program In a court filing on March 13,