Key Takeaways
- The crypto market sees a price bounce as the TRUMP coin gains more price momentum. The price is expected to rally from $30 to $50.
- Bitcoin’s current price action favors TRUMP coin as bullish price action indicates bulls and whales dominate the price.
- Technical indicators and chart patterns support crypto experts’ price prediction for TRUMP coin.
TRUMP coin broke out of its downtrend with a mighty candle to the upside, creating a buzz in the crypto space. Similar to its price rally of $0.1 to a high of $77, which led to massive volume on the Solana network, the market cap for TRUMP hit a record high of over $15 billion in less than 48 hours.
The price of TRUMP coin looks pumped up for a mega rally following the trend of other memecoins and Bitcoin’s price action, suggesting the crypto market could be gaining much-needed price relief as expected and seeing some great price gains in the coming weeks.
Current price action from TRUMP coin has sparked a prediction from a top crypto analyst, suggesting the price of TRUMP coin looks to have bottomed out and is ready to rally to a new all-time high as the price attempts a major rally of $50 in the short term.
TRUMP Coin Market Sentiment
TRUMP coin has demonstrated some of the best price action in the last few hours, leading to top crypto analysts weighing in on its price.
Top crypto expert Nabraskangooner has described TRUMP price action on the 4H chart as clean and expects the price to continue in its uptrend after a clear change from downtrend to uptrend, generating interest from crypto experts and investors.
VIPRose took to his X account to speculate the price of TRUMP after breaking out from a classic bullish falling wedge with the price expected to rally towards a high of $30 to $50 based on his analysis for TRUMP coin, suggesting strong bullish price action for the famous Solana memecoin.
Current price action from the TRUMP coin indicates strong on-chain price action followed by buy volume driving the price to the upside, with the nearest target likely around $30 to $40.
TRUMP Coin Technical Analysis – Is TRUMP A Buy Or Sell
Source – TRUMP Coin 1H Price Chart From TradingView
The price of TRUMP made a grand entrance, rallying from a region of $0.1 to a high of $77, with over 10,000% for a Solana memecoin gaining interest across the crypto space as investors and traders expected the price to rally to $100. Still, the price failed to meet such expectations, crashing from its all-time high to a region of $15, where the price formed a key demand zone.
Around $15, the TRUMP coin formed a classic bullish falling wedge as price broke out from its channel, indicating a bullish price rally with bulls dominating price to the upside.
Lower timeframes, such as the 1-hour timeframe, suggest the price could see a minor retracement into $20 to $19, where buy orders are pending, which could be followed by a rally towards $30 or more. With the price of the TRUMP coin reading above its 50-day and 200-day EMA on the 1-hour timeframe, we could see strong bullish momentum to be sustained up to $30 or more.
