Official Trump (TRUMP) Price Rises 22% – Bullish Reversal Starting to Form

Key Takeaways

• Long-term correction nearing potential exhaustion.
• Short-term bullish impulse forming on lower time frames.
• Key resistance at $19.65 is crucial for trend continuation.

The price of TRUMP has significantly declined from its all-time high, forming a long-term corrective pattern.

However, recent short-term movements indicate potential bullish momentum, with early wave formations suggesting a new impulsive structure.

The key focus is whether the price can sustain its newfound support and break through resistance levels for further upside.

TRUMP Price Analysis

TRUMP previously experienced a strong five-wave Elliott impulse, peaking at $78 on Jan. 19, before entering a prolonged correction.

The decline followed a corrective structure, with the price continuously forming lower highs and lower lows. 

A descending wedge pattern emerged, signaling the potential exhaustion of the downtrend.

The 4-hour chart shows that price action has now flattened, trading near a long-term support zone at $14.65–$16.65. The Relative Strength Index (RSI) has started to recover from oversold levels, indicating a possible shift in momentum.

A horizontal resistance zone at $19.65 remains a key level to break for further upside confirmation. Conversely, failure to hold current levels could result in further consolidation or another test of support near $14.50. 

The price must sustain above this zone to prevent further downside continuation.

TRUMP Price Prediction

On the 15-minute chart, the early stages of a potential impulsive wave structure appear to be forming.

Wave (i) recently peaked at $18 before experiencing a corrective wave (ii), currently testing the Fibonacci retracement level at $16.26.

If the structure remains intact, wave (iii) should push toward the 1.618 extension at $21.47, followed by a brief consolidation in wave (iv) before a final push toward $22.79 (wave v).

For this bullish scenario to hold, the price must remain above the invalidation level at $15.28 (0.786 Fibonacci retracement). RSI has reset from overbought levels, suggesting a potential bounce in the short term.

If the current corrective wave (ii) extends lower, a retest of the $14.65 zone could occur before another rally attempt.

However, a strong move above $19.65 would reinforce the bullish case, confirming wave (iii) is in progress.

Key Levels to Watch

• Immediate Resistance: $16.26 (0.5 Fibonacci level).
• Key Resistance: $19.64 (prior horizontal resistance).
• Major Target: $21.47–$22.79 (wave (iii) and (v) projections).
• Immediate Support: $16.26–$15.86 (0.5–0.618 Fibonacci retracement).
• Critical Support: $14.65 (historical support).
• Invalidation Zone: Below $15.28 (0.786 retracement).