$TRUMP Surges 11% – Can It Break $12.50 and Rally to $15?
$TRUMP has gained momentum, surging 11.49% in the last 24 hours to reach $11.72, with trading volume exceeding $1.66 billion.
The price has broken above the 50-day EMA at $10.87, signaling a potential trend reversal.
The recent rally aligns with renewed market enthusiasm following Trump’s Bitcoin Strategic Reserve proposal, which has fueled speculation around his pro-crypto stance and its impact on the digital asset sector. If bullish momentum continues, $TRUMP could see further gains toward its next resistance levels.
Can $TRUMP Hold Above $12.50?
Despite the recent breakout, $12.49 remains a key hurdle. The descending trendline has acted as strong resistance, preventing previous rallies from sustaining momentum. A break and daily close above $12.50 could confirm a bullish reversal, paving the way for $13.76 and potentially $14.99.
However, failure to hold above this resistance may trigger profit-taking, leading to a retracement toward $10.81, followed by deeper support levels at $9.57 and $8.62. Volume confirmation will be essential—higher buying pressure could push $TRUMP into a sustained uptrend, while fading momentum may keep it range-bound.
Key Technical Levels:
Immediate Resistance: $12.49
Next Resistance: $13.76, $14.99
Immediate Support: $10.81
Next Support: $9.57, $8.62
Will $TRUMP Continue to Rally?
$TRUMP’s price action remains closely tied to Trump’s ongoing influence on financial markets and crypto regulation. The recent breakout suggests increased investor interest, but a confirmed push above $12.50 is needed to validate further upside potential.
For now, traders should watch for volume strength at resistance levels and monitor support at $10.81 to gauge whether the current rally has enough momentum to continue. If buying pressure holds, $TRUMP could target $15 in the coming days.
ABOUT THE AUTHOR
See More
Sidebar rates
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals