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

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12% climbed in the last 24 hours, triggering speculation on a potential reversal after a prolonged period of stagnation. With prices between $ 16 and $ 20, the recent Breakout has attracted renewed attention to this meme coin.

The meme coin launched by the President of the United States itself, Trump’s official currency, is making a shy recovery attempt. From the enormous clamor of the launch day to a prolonged negative reduction tendency that saw the prices fall to $ 16.3, 78% from its maximum of all time (ATH)-the coin have fought to resume traction. However, recent movements, including a 12% increase in the last 24 hours, suggest a potential bottom phase.

Following Melania, Trump Coin is also gaining momentum

Melania, launched after Trump Coin, started speculation yesterday after a new portfolio withdrew $ 10 million USDC from Binance and subsequently loaded 6.69 million dollars to $ 1.5 per token. This aroused voices of a potential list of binance or a simple output liquidity pump.

Find out: Melania Coin who overperformed Trump – Best Meme coins to buy?

Meanwhile, Trump Coin has consolidated over $ 16- $ 20 in the last few days. Immediate resistance is located near $ 22.6, with further objectives at $ 25.7 and $ 30 if the momentum is valid. A bankruptcy in canceling these levels could lead to another Pullback.

Trump Meme Coin Timid Recovery attempted after Melania Surge

(Trumpusdt)

The price is forming a descendant wedge on the 4 -hour table, which often reports a possible move upwards. At this moment, the coin is testing the upper part of the Cuneo at $ 19.20. If it breaks above this level with a strong volume of trading, the price could increase further, aiming at $ 22.60 or higher.

On the other hand, if the price does not stop, it could return to the lower Cuneo limit near $ 18 or even fall into the support area of ​​$ 16- $ 17. The traders should look for a breakout confirmed with a high volume for confirm a bullish move.

Explore: Ondo Finance launches the tokenization platform for US securities: the best RWA cryptocurrency to buy?

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