Date: Thu, Nov 06, 2025 | 07:40 AM GMT
The cryptocurrency market is showing slight upside momentum today as both Bitcoin (BTC) and Ethereum (ETH) trade over 1% higher, opening the door for strong moves across major memecoins — including Official Trump (TRUMP).
TRUMP has surged by an impressive 14%, and more importantly, its latest chart structure suggests that a larger bullish move may be developing, driven by a classic breakout-and-retest pattern often seen before major trend expansions.
Descending Broadening Wedge Retest
As shown in the daily chart, TRUMP had been consolidating for months inside a descending broadening wedge — a bullish reversal pattern known for appearing near the end of extended downtrends.
Recently, TRUMP broke above the wedge’s descending resistance line near $7.26, confirming a clean breakout. That move triggered a rally toward a local high of $8.68, where sellers stepped in and took profits, cooling short-term momentum.
The token then pulled back for a healthy retest of the breakout level — a move that strengthens the validity of the trend shift. TRUMP successfully retested the breakout trendline near $6.85 and has since bounced back, now trading around $8.03 after reclaiming its 50-day moving average ($7.14).
Reclaiming the 50-day MA is an encouraging signal, as it often acts as dynamic support during early trend reversals.
What’s Next for TRUMP?
If TRUMP continues to hold its bullish structure, the next key levels to watch are the recent local high at $8.68, where a reclaim would confirm renewed upside momentum, followed by the 200-day moving average at $9.48, which stands as the next major resistance.
Beyond that, the broader breakout projection points toward $13.58, the measured move target of the descending broadening wedge — representing a potential 67% upside from current levels if the pattern fully plays out.
On the other hand, failure to defend the breakout tremldine could see the token fall back inside the wedge structure, invalidating the breakout and potentially delaying any major bullish momentum.
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