TRUMP Coin Price Coils Up, Breakout Hints $25 Retest Possible
Highlights
- TRUMP Coin price is $10.54, down 5.8% in 24 hours, with a market cap of $480 million.
- The coin has formed a Cup and Handle pattern, indicating a potential breakout and 54% rally to $23.954 or $25.
- TRUMP Coin's recent surge is attributed to the Crypto Dinner announcement, but regulatory concerns and market volatility may impact its price.
- Analysts predict a potential rally to $17-$20 in the short term, driven by speculative hype and market sentiment.
Official Trump Coin (TRUMP) is forming a consolidation pattern below a key resistance level. A potential breakout from this setup hints at a revisit of $25. With US President Donald Trump’s ‘Crypto Dinner’ with $TRUMP Coin holders coming to an end, can this token break out and kickstart an explosive rally?
TRUMP Coin Price Breakout Could Push it to $25
The one-day chart shows Trump Coin consolidating below $15.335, a level that has prevented an uptrend since its breakdown on February 24, 2025. Between March and May 2025, $TRUMP Coin has created two rounded bottoms, showing buyer strength. This recovery can be attributed to the spike in demand after Donald Trump announced the Crypto Dinner with the top $TRUMP token holders.
A consolidated look of these two rounded bottoms reveals a Cup and Handle pattern. In the Official Trump Coin’s case, a decisive daily candlestick close above $15.335 coupled with volume confirmation indicates a successful breakout. This technical formation forecasts a 54% breakout rally to $23.954, obtained by adding the Cup’s depth of 54% to the $15.335 resistance level.
While the $23.954 is a theoretical target for the aforementioned setup, a closer look at the daily Trump Coin chart reveals equal highs formed at $25.061. A sweep of this liquidity could trap breakout buyers, making it a good level for smart money to book profits.
Hence, a breakout from the Cup and Handle setup could see TRUMP Coin experience a 63% gain.
Donald Trump’s Crypto Dinner & Crypto Market Outlook
TRON founder Justin Sun attended the Crypto Dinner and said it was a “strong signal” for the cryptocurrency sector. Others criticized the dinner because of the conflict of interest due to Mr. Trump’s crypto holdings.
The crypto market suffered a $300 million liquidation event as President Trump “recommended” a 50% tariff on the European Union. This announcement caused Bitcoin (BTC) to crash 3.60% in under three hours. Ethereum (ETH) suffered a greater collapse of nearly 7% in the same period. However, the crypto markets look optimistic with BTC up 2.31% from the intraday low and ETH up 3.53%. TRX price is up 1.4% in the past hour.
Despite the short-lived correction and panic, the crypto market outlook remains bullish especially for altcoins due to Bitcoin’s strength above $100k. As for the Official Trump Coin pattern, it forecasts a bullish short-term future with a 63% rally opportunity this week.
Read our detailed, long-term outlook for $TRUMP token here: Official Trump Coin Prediction 2025-2030
Frequently Asked Questions
What is the current price pattern of TRUMP Coin?
What triggered the recent surge in TRUMP Coin's price?
What are the potential gains for TRUMP Coin after a breakout?
Recent Posts
- Price Analysis
FUNToken Price Crashes 12% Amid Market Fear; Oversold RSI Signals Potential Rebound
FUNToken (FUN) has been hit hard this week, dropping over 12% over the past 24…
- Price Analysis
Whales Scoop 323,523 ETH Amid Price Dip – Is Ethereum Price Correction Setting Up a 10K Wave?
The Ethereum price has come under renewed focus following analysts’ projections of a major rebound…
- Price Analysis
How Solana, XRP, and Cardano Reacting as U.S. Shutdown Becomes Longest in History
The crypto market is reeling as the U.S. government shutdown stretches into the longest in…
- Price Analysis
Dogecoin Price Risks 20% Crash as Death Cross Aligns With Falling DOGE ETF Inflows
Dogecoin price retreated today, Nov. 4, reaching its lowest level since October 11, as the…
- Price Analysis
Will Bitcoin Price Recover When US Govt. Opens? On-chain Data Shows Recovery Might Take a While
Bitcoin price continued its downward slide below $105k on Tuesday, extending a bearish trend that…
- Price Analysis
XRP Price Forecast as Price Nears a Death Cross Formation- Is a Crash Below $2 Inevitable?
The XRP price has entered a crucial technical zone as bearish patterns begin to dominate…