Trump Coin Poised for 100% Gain as Technical Indicators Turn Bullish

The Trump coin, a meme coin, has been experiencing a downward consolidation since mid-May, but recent technical indicators suggest that a significant price movement may be imminent. The current formation, a classic reversal pattern that has developed over 60 days, indicates a prolonged buildup of momentum, which could potentially lead to a 2x move in the short term. This setup is reminiscent of the one that sparked TRUMP’s surge from the mid-April market bottom, but this time it is expected to be bigger and more bullish.

Derivatives traders are also showing signs of optimism, with open interest rising 3% over the past 24 hours. The 4-hour long/short ratio is in an uptrend, with over 52.7% of traders betting on price increases. This speculative interest is building as traders actively follow the price moves of TRUMP.

The Trump coin price has bounced from the lower support of a falling wedge in the early week, a classic bullish reversal pattern. A confluence zone is forming where historic accumulation just below $9.15 intersects with the wedge’s upper resistance trendline, increasing pressure for an upside move. Momentum indicators, such as the MACD line and the RSI, support this bullish setup. The MACD line has widened its marginal lead above the signal line following a golden cross, an early sign that a trend reversal is taking root. The RSI has rebounded from oversold territory at 30, signaling seller exhaustion and presenting buyers with an opportunity to take control of the prevailing trend.

If this setup mirrors the April breakout from a symmetrical triangle—a continuation pattern—a similar 2x gain could be on the cards, targeting the early March peak at $17.70. This local top marked the market trajectory pre-tariff war. With a US-China trade deal and potential for an EU trade deal soon, these past headwinds may be clearing for a continuation. However, considering the two-month build-up of the falling wedge, pressure could push an upward move even higher towards the February post-inauguration rally top around $24.

Still, if the accumulation zone fails, the bullish setup could be invalidated. The next key support lies at $7.15, a 20% drop from current prices to retest the mid-April market bottom. Meme coins continue to struggle under the FUD of geopolitical tensions, with the Israel-Iran conflict unresolved—TRUMP remains 45% below its presidential dinner peak.

In summary, the Trump coin is showing signs of a potential 100% move, with technical indicators and derivatives traders positioning for a bullish continuation. However, geopolitical tensions and the validity of the accumulation zone remain key factors to watch. Investors should consider these factors before making any investment decisions.