- TRUMP’s price surges by 13.04% to $19.24, breaking resistance. Analysts see further upside if it stays above $18.50.
- The TD Sequential and MACD confirm bullish momentum, while RSI at 72.59 suggests overbought conditions.
- A breakout above $19.50 could push TRUMP to $22-$24, but a drop below $17 may invalidate the current uptrend.
TRUMP, a memecoin inspired by political branding, has had remarkable price action since its launch on January 17, 2025. Within two days, its market cap surpassed $10 billion, making it one of the fastest growing digital assets. On February 14, TRUMP surged by 13.04%, reaching $19.24.
Key Price Levels and Market Activity
TRUMP is currently trading between $17.02 and $19.90, with a trading volume of 11.2 million. The price has been consolidating before breaking out, pushing past key resistance zones.
If TRUMP holds above $18.50, further upside is expected, with resistance at $20-$22. A breakout beyond this level could push it toward $24-$26. However, support is at $17-$16.50, with a break below this possibly leading to $15.
According to analyst Ali, the TD Sequential indicator on the 12 hour timeframe flashed a buy signal. This aligns with TRUMP’s strong recovery and continued bullish momentum. The latest 12 hour candlestick confirms this uptrend, showing a decisive breakout after a prolonged consolidation phase.
Technical Indicators Show Strong Uptrend
The RSI is at 72.59, placing TRUMP in the overbought level. RSI recently surged past 53.78, confirming the bullish trend. If the RSI remains above 70, upward movement may continue. However, a drop below 60 could indicate weakening momentum.
Meanwhile, the MACD shows strong bullish momentum. The MACD line, at 0.30, is above the signal line, at 0.09, while the positive histogram further supports upward movement. A bearish crossover, however, could signal a reversal.
According to Captain Faibik, TRUMP has also broken out of a falling wedge pattern on the 8 hour chart. This pattern suggests a trend reversal, with a potential price target of $31.50. The price must remain above $18.50 to sustain the breakout.
Short Term Price Outlook for February 15
With TRUMP’s recent breakout and strong momentum, the market anticipates further gains. If the price breaks $19.50, it could reach $22-$24. Sustained buying pressure may push it even higher toward $31.50.
However, failure to hold above $18.50 could lead to a pullback toward $16.50-$15.50, testing previous support levels. It is essential to monitor volume and resistance levels. The market remains bullish unless TRUMP falls below $17, which could invalidate the current uptrend.
