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TRUMP Token Confirms Falling Wedge Breakout Above $7.50, Analysts See Structure Shift Ahead

TRUMP confirms breakout above $7.50, signaling a structural market shift and renewed momentum.

Rising trading volume and holder growth support stronger liquidity and active market participation.

Analysts project a potential 120% price rise toward $17.00 following the confirmed wedge breakout.

The TRUMP token has confirmed a breakout from a prolonged falling wedge formation, suggesting a possible shift in long-term market direction. After several months of steady decline and consolidation, price movement has now risen above the pattern’s upper boundary. Increased trading activity and consistent buying interest have accompanied this development, reflecting stronger confidence among participants and renewed momentum for the asset.

Breakout Confirms Structural Change in TRUMP Market Pattern

According to analysis prepared by Captain Faibik, TRUMP broke above the $7.50 resistance level, ending its extended descending channel. The token had formed lower highs and lower lows within a narrowing range, creating the wedge pattern that limited price movement over time

As the upper trendline was breached, the breakout was supported by a surge in trading volume, suggesting genuine market participation rather than a temporary rally. The daily performance data showed TRUMP trading near $8.10 following a 15.78% increase within 24 hours

Source: CoinMarketCap

Information from CoinMarketCap indicated that market capitalization reached about $1.62 billion, while the fully diluted valuation stood near $8.1 billion. The circulation supply was documented at 199.99 million tokens, or approximately 20% of the total supply. The capitalization of the unlocked market reached nearly $3.34 billion, demonstrating greater liquidity and diversity of accessibility in trading platforms.

Sustained Momentum and Bullish Continuation Toward Higher Levels

According to an observation by World of Charts, TRUMP successfully broke a crucial resistance zone after extended consolidation between $6.00 and $8.00. The token formed a strong base around $6.50 before advancing toward $8.00, converting previous resistance into new support

Source: WorldOfCharts(X)

This behavior reflected improving market stability and increasing buyer commitment near current price levels. Technical estimates projected a possible upward target of about $17.00, which is a possible 120% increase of the breakout point. Trading volume reached $1.1 billion in the past 24 hours, maintaining a high turnover ratio of 67.66%

The number of holders increased to more than 631,000, which established wider distribution within the market. Analysts observed that the confirmed wedge breakout created a positive set up indicating the possibility of further appreciation with strong liquidity, consistent volume, and active investor participation.

The post TRUMP Token Confirms Falling Wedge Breakout Above $7.50, Analysts See Structure Shift Ahead appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

TRUMP1.37%
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