TRUMP Coin Surges 12%: Signs of a Reversal or Another False Breakout?

TRUMP Coin

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surged 12% in the past 24 hours, sparking speculation about a potential reversal after a prolonged period of stagnation. With prices ranging between $16 and $20, the recent breakout has brought renewed attention to this meme coin.

The meme coin launched by the US President himself, Official TRUMP Coin, is making a timid attempt at recovery. From the massive hype on launch day to a prolonged negative downtrend that saw prices plummet to $16.3—down 78% from its all-time high (ATH)—the coin has struggled to regain traction. However, recent movements, including a 12% rise in the last 24 hours, hint at a potential bottoming-out phase.

is it just me or $TRUMP is looking bottomed out?

wick got taken out and diagonal trendline is breaking as we speak.

will go back to this chart in a few days. pic.twitter.com/WQJxdFCtM0

— GEM INSIDER (@gem_insider) February 5, 2025

Following MELANIA, TRUMP Coin is Also Gaining Momentum

MELANIA, launched after TRUMP Coin, started speculation yesterday after a fresh wallet 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 potential Binance listing or a mere exit liquidity pump.

DISCOVER: MELANIA Coin Outperforming TRUMP – Best Meme Coins to Buy?

Meanwhile, TRUMP Coin has been consolidating within the $16-$20 range these past few days. Immediate resistance lies near $22.6, with further targets at $25.7 and $30 if momentum holds. A failure to clear these levels could result in another pullback.

(TRUMPUSDT)

The price is forming a descending wedge on the 4-hour chart, which often signals a possible upward move. Right now, the coin is testing the top of the wedge at $19.20. If it breaks above this level with strong trading volume, the price could rise further, aiming for $22.60 or higher.

On the other hand, if the price doesn’t break out, it might drop back to the lower wedge boundary near $18 or even fall to the $16-$17 support area. Traders should look for a confirmed breakout with high volume to confirm a bullish move.

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