Crypto Week Begins on a Rough Note, but Trump Memecoin Stands Tall
Trump Coin Value Forecast: Is a Price of $13.70 or $9 on the Horizon for TRUMP?
The crypto market kicked off the week on a downward spiral, with major altcoins dipping towards their support levels, indicating an increase in selling pressure. However, the Trump coin (TRUMP) has defied gravity, maintaining its bullish momentum by adding around 3.5% in the past 24 hours.
Are you among those considering an investment in the Trump memecoin, hoping it'll gain momentum and hit its upper price targets? Dive in to understand the market sentiments and potential Trump memecoin price predictions for this week.
Trump Coin's Descending Channel Pattern
The Trump coin price surged by over 3% within a day, recording a trading volume of 770.79 million, a change of +9.93% during the same period. Despite this, the coin's momentum has been slowly dwindling over the past month with a market cap of $2.24 billion.
The EMA 50-day shows a drastic drop in the Trump coin price chart. Additionally, the 200-day EMA acts as a formidable resistance in the 4-hour time frame, indicating a growing selling pressure for the Trump meme coin.
However, the MACD indicator exhibits a sharp decline in the red histogram, with its averages displaying a bullish convergence. This indicates a conflicting price sentiment for the 44th largest crypto token in the market.
Can Trump Memecoin Rally Back?
If the bulls manage to seize control, it could lead to the Trump coin price testing its resistance trendline of the descending channel pattern. If the bullish wave persists, the Trump coin price may breach its $12.15 mark and head towards its $13.70 mark.
Conversely, if the bears gain the upper hand, the TRUMP crypto token might test its support level of $10.70 this week. Under prolonged bearish pressure, the TRUMP price may plummet towards its pivotal support trendline of $9.
Also Read: Trump Criticized for Conflicting Answers on Memecoins
Insights:
In depth analysis reveals the following:
- Current Price and Sentiment: TRUMP’s price reached a local high of $16.42 in late April but has since consolidated near $11.50 due to Fibonacci levels[2]. It seems to be retesting the 0.5 Fibonacci level at $11.79, with strong support slightly below at the 0.618 zone near $10.69[2].
- Bearish / Bullish: The bullish narrative persists, as long as the support at $10.69 holds[2]. However, the 0.236 Fibonacci zone at $14.23 has been a significant resistance recently[2].
- Potential for Breakout: If the sentiment remains bullish, TRUMP might breach the resistance at $17.05, potentially leading to further gains[3].
- Short-Term Predictions: In May, if TRUMP successfully breaks past $17.05, it could reach $23.21 at the 0.382 Fibonacci level or even $33.15 near the golden pocket ratio if buying pressure intensifies[3].
- Long-Term Predictions: For the remainder of 2025, some forecasts suggest TRUMP could reach a high of $27.92, while a more bearish outlook might see it drop to $9.31[5].
- Future Outlook: Some optimistic projections suggest TRUMP could reach as high as $212.02 by 2030[5].
As TRUMP has shown significant volatility, its price predictions and market sentiment heavily depend on preserving a positive narrative and surmounting crucial resistance levels.
- The crypto market is experiencing a downward trend, with major altcoins showing signs of selling pressure, while the Trump memecoin, against all odds, sustains its bullish momentum.
- The Trump memecoin has seen a surge of over 3% within a day, but its momentum has slowed down in the past month, with a market cap of $2.24 billion.
- The EMA 50-day display a significant drop in the Trump coin price chart, while the 200-day EMA acts as a formidable resistance in the 4-hour time frame, indicating selling pressure.
- Despite this, the MACD indicator shows a sharp decline in the red histogram, with bullish convergence, indicating conflicting price sentiments for the Trump memecoin.
- If the bulls gain control, the Trump memecoin could test its resistance trendline, potentially breaching its $12.15 mark and reaching $13.70. Conversely, if the bears gain the upper hand, it might test the support level of $10.70, with the possibility of further declines towards the pivotal support trendline of $9.
