What to Make of the TRUMP Price Increase? | Credit: Hameem Sarwar
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Key Takeaways
Official Trump (TRUMP) has reached the $7.50 resistance area.
The TRUMP price trades inside an ascending parallel channel.
Can TRUMP break out and confirm its bullish trend reversal?
Official Trump (TRUMP) has struggled to find its form since its debut.
Despite occasional bounces, the TRUMP memecoin remains stuck below a key resistance level, a sign of weakening momentum.
With the TRUMP price trapped in a corrective pattern and indicators showing bearish signs, the memecoin faces an uphill climb to begin its trend reversal.
After a brief bounce that did not last, TRUMP fell again, creating a descending resistance trend line that is still ongoing.
While decreasing under the resistance, the price of TRUMP closed below the $7.50 horizontal area, falling to an all-time low of $1.50 on Oct. 10.
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Even though the breakdown was short-lived, TRUMP’s bounce has been insufficient to reclaim the $7.50 area, which now coincides with the diagonal resistance trend line.
The TRUMP price is currently attempting another breakout, although it failed to break out on the first try (red icon).
Despite today’s bounce, the TRUMP memecoin still trades 85% below its all-time high price.
Like the price action, the Relative Strength Index (RSI) is increasing but still below 50, casting doubt on whether the breakout will be successful.
If it is, the TRUMP price could surge to the next resistance at $15, which was last reached in May 2025. If not, a bearish trend reversal to new lows could follow.
TRUMP’s Corrective Increase
The short-term six-hour chart suggests the TRUMP price will not break out.
This is because the TRUMP price trades inside an ascending parallel channel, which usually contains corrective movements.
Despite the recent bounce, the TRUMP memecoin failed to break out from the channel.
Today, the TRUMP price fell in the lower portion of the channel, increasing the likelihood of an eventual breakdown.
In addition, the upward movement is a completed W-X-Y correction (red), where waves W and Y have the same length.
As a result, all signs point to a bearish TRUMP prediction, confirmed with a breakdown from the channel.
Bearish TRUMP Prediction
All signs suggest that TRUMP’s recent bounce may be short-lived unless a decisive breakout occurs.
The ongoing corrective pattern and failed resistance tests reinforce the bearish outlook, particularly given that the price remains far from its highs.
A deeper pullback remains the most likely scenario unless TRUMP breaks above $7.50 with substantial volume.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
