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

February 6, 2025
in Bitcoin
Reading Time: 3 mins read
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TRUMP Coin

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stroke-width: 0.65 !vital;
}





















Worth









Quantity in 24h



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Worth 7d


surged 12% up to now 24 hours, sparking hypothesis a few potential reversal after a chronic interval of stagnation. With costs ranging between $16 and $20, the current breakout has introduced renewed consideration to this meme coin.

The meme coin launched by the US President himself, Official TRUMP Coin, is making a timid try at restoration. From the huge hype on launch day to a chronic unfavourable downtrend that noticed costs plummet to $16.3—down 78% from its all-time excessive (ATH)—the coin has struggled to regain traction. Nevertheless, current actions, together with a 12% rise within the final 24 hours, trace at a possible bottoming-out section.

is it simply me or $TRUMP is wanting bottomed out?

wick received taken out and diagonal trendline is breaking as we converse.

will return to this chart in a couple of days. pic.twitter.com/WQJxdFCtM0

— GEM INSIDER💎 (@gem_insider) February 5, 2025

Following MELANIA, TRUMP Coin is Additionally Gaining Momentum

MELANIA, launched after TRUMP Coin, began hypothesis yesterday after a contemporary pockets 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 possible Binance itemizing or a mere exit liquidity pump.

DISCOVER: MELANIA Coin Outperforming TRUMP – Finest Meme Cash to Purchase?

In the meantime, TRUMP Coin has been consolidating throughout the $16-$20 vary these previous few days. Speedy resistance lies close to $22.6, with additional targets at $25.7 and $30 if momentum holds. A failure to clear these ranges might end in one other pullback.

trump meme coin timid recovery attempt after Melania surge

(TRUMPUSDT)

The worth is forming a descending wedge on the 4-hour chart, which regularly alerts a attainable upward transfer. Proper now, the coin is testing the highest of the wedge at $19.20. If it breaks above this degree with sturdy buying and selling quantity, the value might rise additional, aiming for $22.60 or greater.

However, if the value doesn’t escape, it would drop again to the decrease wedge boundary close to $18 and even fall to the $16-$17 help space. Merchants ought to search for a confirmed breakout with excessive quantity to verify a bullish transfer.

EXPLORE: Ondo Finance Launches Tokenization Platform For US Securities: Finest RWA Crypto To Purchase?

Be part of The 99Bitcoins Information Discord Right here For The Newest Market Updates

The put up TRUMP Coin Surges 12%: Indicators of a Reversal or One other False Breakout? appeared first on 99Bitcoins.





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Tags: BreakoutCoinFalseReversalsignsSurgesTrump
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