The TRUMP token has moved out of a falling wedge pattern, which is often seen as a bullish reversal signal. Analyst Rose Premium Signals (@VipRoseTr) noted that this breakout suggests buying momentum is increasing, potentially paving the way for further gains.
The token has rebounded from a key accumulation zone, indicating that sellers are losing control and buyers are stepping in. Many see this as a sign that TRUMP may have completed its downtrend and could be preparing for a rally.
The price movement suggests that traders are now focusing on key resistance areas that could determine the next direction. If TRUMP continues to build strength, the market could see a push toward higher levels, where previous price consolidations occurred. The breakout is a signal that traders are watching closely as they assess whether the momentum will continue.
$TRUMP Technical Analysis#TRUMP has successfully bounced from the accumulation zone after forming a falling wedge pattern 🧐
— Rose Premium Signals 🌹 (@VipRoseTr) February 14, 2025
This breakout suggests strong bullish momentum, indicating a potential move towards key resistance levels.
🎯 Target 1 – $30.40
🎯 Target 2 – $41.31
🎯… pic.twitter.com/3wdQ6ism3l
What you'll learn 👉
Key Price Levels and Market Momentum
Following the breakout, analysts have identified three major resistance levels that could serve as potential price targets. The first area of interest is around $30, which is a key resistance zone that could trigger increased buying activity if broken.
If momentum continues, the next level to watch is near $41, where the price previously consolidated before continuing its downward trend. The most ambitious target stands at $51, a level where profit-taking could become more evident if the rally remains strong.
To keep the bullish trend secure, TRUMP needs to hold support above its accumulation area and create higher highs and higher lows. The capacity to maintain these gains will be an essential element in deciding if the rally persists or if resistance results in a retreat.
Market observers will be paying attention to determine if buyers possess the strength to overcome these levels.
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TD Sequential Buy Signal Adds to Optimism
Analyst Ali (@ali_charts) noted that the TD Sequential indicator has indicated a buy signal on the 12-hour chart. This instrument is frequently utilized to spot possible trend reversals and provides additional backing for the argument of an ongoing recovery.
$TRUMP is showing a strong rebound after the TD Sequential indicator flashed a buy signal on the 12-hour chart! pic.twitter.com/3bafvG1kti
— Ali (@ali_charts) February 14, 2025
The purchase signal indicates that positive momentum is forming and might result in additional profits if demand for buying stays robust.
TRUMP was trading at $19.32 at the time of publishing, with a 24-hour volume of $2.43 billion. The pricing has risen by 18.07% in the last 24 hours and 6.77% in the last week. The token’s market capitalization has grown to $3.86 billion, indicating increased investor interest.
As technical indicators suggest potential for additional gains, traders are watching closely to see if TRUMP can maintain its momentum or will encounter resistance at elevated levels. The next few days may be crucial in assessing the power of this possible rally.
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