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TRUMP Breaks Out: 8.43% Surge to $15.02 Sets Sights on $18

TRUMP Breaks Out: 8.43% Surge to $15.02 Sets Sights on $18

CryptoFrontNewsCryptoFrontNews2025/03/06 16:00
By:Jordan Blake

TRUMP surged 8.43% to $15.02, breaking a descending wedge and indicating strong buying momentum. RSI stands at 59.20 points indicating mild upward strength although MACD signals possible market consolidation or a correction phase may occur. TRUMP can drive its price towards $18.00 and beyond if support stays above $13.44 despite market volatility.

  • TRUMP surged 8.43% to $15.02, breaking a descending wedge and indicating strong buying momentum.
  • RSI stands at 59.20 points indicating mild upward strength although MACD signals possible market consolidation or a correction phase may occur.
  • TRUMP can drive its price towards $18.00 and beyond if support stays above $13.44 despite market volatility.

Official Trump (TRUMP) experienced a substantial price increase after its market breakout revealed another significant uptrend in the cryptocurrency sector. Official Trump rose to $15.14 dollars as its value increased by 8.43% during the previous 24 hours. 

TRUMP Breaks Out: 8.43% Surge to $15.02 Sets Sights on $18 image 0 TRUMP Breaks Out: 8.43% Surge to $15.02 Sets Sights on $18 image 1 Source: Coinmarketcap

The cryptocurrency has now established its bullish trend by achieving its high point of $17.46 during this time period. TRUMP displayed significant market volatility through its 24-hour low value at $13.44.

Technical Indicators Confirm Bullish Breakout

A technical analysis of cryptocurrency prices demonstrates that the TRUMP/USDT exchange experienced a descending wedge pattern before its price rose. The asset maintained its trading position inside a limited area before a breakout created a 30% increase.This movement confirms strong buying momentum and suggests that TRUMP has successfully breached key resistance levels.

TRUMP Breaks Out: 8.43% Surge to $15.02 Sets Sights on $18 image 2 TRUMP Breaks Out: 8.43% Surge to $15.02 Sets Sights on $18 image 3 Source: WorldOfCharts(X)

The price action shows that after touching the resistance level near $17.46, TRUMP encountered slight retracement, consolidating around $15.02. If support holds above $13.44, further upward movement may occur. However, failure to sustain current levels could result in a retest of lower support zones.

TRUMP/USDT 1-Hour Chart Show Mixed Signals

The TRUMP/USDT 1-Hour chart shows mixed signals based on MACD and RSI indicators. The MACD is trading below the signal line indicating recent bearish momentum.

TRUMP Breaks Out: 8.43% Surge to $15.02 Sets Sights on $18 image 4 TRUMP Breaks Out: 8.43% Surge to $15.02 Sets Sights on $18 image 5 Source: Trading View

The RSI is at 59.20, slightly below the overbought threshold implying mild bullish strength but potential consolidation. If RSI stays above 50, further upside is possible. However, a MACD bearish crossover could lead to short-term corrections.

Market Implications and Future Trends

TRUMP’s rapid price appreciation highlights increased investor interest and favorable sentiment surrounding the token. The 8.43% increase aligns with broader market activity, where several altcoins have experienced bullish breakouts. 

The continuation of this trend could drive TRUMP toward higher resistance zones near $18.00 and beyond. However, the market remains volatile, and traders should monitor volume trends and price stability before making further decisions. 

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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