TRUMP Token Hits $14 : Key Resistance Levels to Watch Now
The TRUMP memecoin linked to Donald Trump surged by 15% to reach $13.95. Analysts project a target range of $26-30, signaling a potential over 100% upside.
TRUMP Memecoin Continues Soaring
For the past month, the TRUMP token, linked to former President Donald Trump, has been gaining significant ground. During the latest Asian trading session, the cryptocurrency opened at $12.68. This continued a bullish trend marked by a 15% increase in the last 24 hours.
After trading within a “falling wedge” pattern, often interpreted as a bullish reversal signal, TRUMP managed to break out from it. This breakout from the technical pattern is typically seen as a trigger for a new uptrend phase.
Current data shows that the token is trading around $13.95. It has a market capitalization of $2.79 billion, representing a surge of about 15%. The 24-hour trading volume stands at $2.06 billion, a remarkable 151.41% increase, indicating strong investor interest. The volume/market cap ratio is at 73.97%, signaling a very active market.
Price Target : Between $26 and $30 ?
According to an analysis by Javon Marks, this trend could propel TRUMP towards a range of $26 to $30. These levels correspond to previous resistance thresholds, which could now serve as bullish targets if the trend continues.
If the token reaches these levels, it would represent a over 100% increase from its current price. Such growth would align with the confirmed break from the technical pattern, supported by significantly increased trading volumes.
In conclusion, the memecoin appears to have entered a phase of increased dynamism, with substantial upward potential. Crypto investors are closely monitoring its progress, as the cryptocurrency market often holds significant surprises.
Gaston Cuny
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
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