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Trump Coin is showing signs of a potential breakout as price action tightens beneath a critical resistance zone. Technical analysis and trend indicators suggest that a rally could soon emerge from a bullish triangle pattern.

Current Market Structure

Trump Coin (TRUMP) has been building a strong bullish foundation in recent weeks. Buyers have consistently stepped in to defend higher lows, signaling growing confidence in the token’s upward trajectory. The price is now approaching a major resistance level at $16.40, which has served as a cap for growth over several months.

With price action compressing into a pennant formation, a decisive breakout could lead to significant upside potential. If the resistance is broken, the price could rally toward $24.12, representing a potential gain of over 40%.

Key Technical Points

  • Resistance at $16.40: This level has posed challenges in previous attempts, but buying pressure beneath it is increasing.
  • Triangle Formation with Higher Lows: The bullish ascending triangle pattern reflects growing momentum as buyers absorb sell pressure.
  • Target at $24.12: Breaking resistance with strong volume could trigger a rally toward this level.

Technical Analysis

On higher timeframes, Trump Coin is forming a classic ascending triangle, characterized by rising lows converging into a flat resistance zone. The price has repeatedly respected the 0.618 Fibonacci retracement level during pullbacks, each time leading to higher moves. This behavior highlights disciplined buying activity and precision in market reactions.

As the token approaches the apex of the triangle pattern, it is entering what analysts call a “flex zone.” This is a critical area where price often makes decisive movements. The longer Trump Coin consolidates within this zone, the more energy builds, increasing the likelihood of an explosive breakout. Supporting the bullish case, indicators like the VWAP (Volume-Weighted Average Price) and the 200-day moving average are trending upward beneath the price.

Volume as a Deciding Factor

Volume will play a pivotal role in determining the validity of any breakout. Without strong and sustained buy-side volume, a breakout could turn into a fakeout, leading to price retracement. However, if volume accelerates alongside a clean breach of the $16.40 resistance, the move toward $24.12 could happen swiftly.

“A breakout backed by volume is key to confirming market momentum.”

Upcoming Price Action

Trump Coin is consolidating beneath a significant resistance level, and technical indicators favor an upside breakout. A high-volume push above $16.40 would signal a major momentum shift, potentially driving the price toward the $24 range. Traders and investors should remain vigilant, monitor volume closely, and prepare for increased volatility in the near term.

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