- Official Trump (TRUMP) is displaying a bullish Falling Wedge pattern on its daily chart, suggesting a potential breakout from its prolonged downtrend.
- The token recently bounced from strong support at $8.02 and is currently trading around $8.66, just below wedge resistance.
- A decisive breakout above wedge resistance and the 100-day moving average at $9.33 would provide strong bullish confirmation.
- If the breakout occurs, TRUMP could target $12.69 based on the wedge pattern's measured move projection.
Date: Tue, Sept 09, 2025 | 05:40 AM GMT
The cryptocurrency market is showing renewed strength, with Ethereum (ETH) holding steady near the $4,300 level after retreating from its recent peak of $4,953. Riding on this stabilization, several memecoins are beginning to flash bullish signs — and Official Trump (TRUMP) is among the top ones to watch.
TRUMP is trading back in the green today, and more importantly, its chart is now displaying a key bullish formation that suggests a breakout could be around the corner.
Falling Wedge in Play?
On the daily chart, TRUMP is shaping a Falling Wedge pattern — a well-known bullish reversal structure that often signals the end of a prolonged downtrend and the beginning of upward momentum.
Recently, the token faced rejection from the wedge’s resistance trendline, dragging the price lower toward its support base near $8.02. Buyers, however, stepped in strongly at this level, defending support and sparking a rebound. As of now, TRUMP is trading around $8.66, sitting just below wedge resistance.
This setup indicates that a breakout attempt could be imminent.
What’s Next for TRUMP?
If TRUMP breaks decisively above its wedge resistance and reclaims the 100-day moving average ($9.33), it would serve as a strong bullish confirmation. Such a move could ignite momentum toward the next target of around $12.69, based on the wedge’s measured move projection.
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