TRUMP Coin
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Value 7d
surged 12% previously 24 hours, sparking hypothesis a couple of potential reversal after a chronic interval of stagnation. With costs ranging between $16 and $20, the latest breakout has introduced renewed consideration to this meme coin.
The meme coin launched by the US President himself, Official TRUMP Coin, is making a timid try at restoration. From the large hype on launch day to a chronic unfavourable downtrend that noticed costs plummet to $16.3—down 78% from its all-time excessive (ATH)—the coin has struggled to regain traction. Nevertheless, latest actions, together with a 12% rise within the final 24 hours, trace at a possible bottoming-out part.
is it simply me or $TRUMP is trying bottomed out?
wick bought taken out and diagonal trendline is breaking as we converse.
will return to this chart in a couple of days. pic.twitter.com/WQJxdFCtM0
— GEM INSIDER
(@gem_insider) February 5, 2025
Following MELANIA, TRUMP Coin is Additionally Gaining Momentum
MELANIA, launched after TRUMP Coin, began hypothesis yesterday after a recent pockets withdrew 10 million $USDC from Binance and subsequently loaded up 6.69 million $MELANIA at $1.5 per token. This has sparked rumors of a possible Binance itemizing or a mere exit liquidity pump.
DISCOVER: MELANIA Coin Outperforming TRUMP – Greatest Meme Coins to Purchase?
In the meantime, TRUMP Coin has been consolidating inside the $16-$20 vary these previous few days. Instant resistance lies close to $22.6, with additional targets at $25.7 and $30 if momentum holds. A failure to clear these ranges may end in one other pullback.
(TRUMPUSDT)
The worth is forming a descending wedge on the 4-hour chart, which regularly alerts a attainable upward transfer. Proper now, the coin is testing the highest of the wedge at $19.20. If it breaks above this degree with sturdy buying and selling quantity, the worth may rise additional, aiming for $22.60 or increased.
Then again, if the worth doesn’t get away, it’d drop again to the decrease wedge boundary close to $18 and even fall to the $16-$17 assist space. Merchants ought to search for a confirmed breakout with excessive quantity to verify a bullish transfer.
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