On a most fortuitous Friday, the price of the Trump Coin did indeed ascend with the fervour of a divine candle, as crypto investors, in their infinite wisdom, seized the opportunity to purchase at a dip. This remarkable surge brought it to heights not witnessed this month, a phenomenon that bore a striking resemblance to the whimsical fluctuations of other Solana meme coins, such as Popcat and Dogwifhat. One cannot help but ponder: might the TRUMP price indeed soar to its former glory, as some of our esteemed crypto pundits so boldly predict? 🤔
Trump Coin Price Surges as Pundits Eye ATH
It has been suggested by certain crypto pundits, with an air of confidence that borders on audacity, that the Trump coin price may have reached its nadir, thus paving the way for a record-breaking ascent. A leap from the current $20 to a staggering $100 would indeed signify a near 400% increase—an impressive feat, if one can overlook the inherent volatility of such pursuits. 😏
In a rather enlightening post on X, the esteemed Rafaela Rigo, a crypto analyst of considerable repute and a following of over 151,000, remarked that should the coin maintain its position above $19.40, it would augur well for further gains towards a record high. How delightful! 🎉
Another pundit, with a flair for the dramatic, pointed to an influx of astute investments into the coin as a bullish catalyst. He anticipates that Donald Trump’s World Liberty Financial shall commence purchasing the coin, whilst his Trump Media has proclaimed intentions to establish a crypto strategic reserve, potentially involving the acquisition of TRUMP tokens. How very enterprising! 💼
Meanwhile, the ever-astute Rose Premium Signals has proffered a forecast for the Trump Coin price, setting a target of $51, citing the formation of a falling wedge pattern. She declared:
“TRUMP has successfully bounced from the accumulation zone after forming a falling wedge pattern. This breakout suggests strong bullish momentum, indicating a potential move towards key resistance levels.”
On-chain data reveals that investors are indeed flocking to the Trump meme coin. In a most astonishing turn of events, two traders have purchased tokens exceeding $10 million within the last 24 hours. Two others, in a display of financial bravado, have also acquired tokens worth over $1 million. Such extravagance! 💸
Trump Coin Price Analysis
The hourly chart, a veritable tapestry of price movements, indicates that the Trump meme coin has recently experienced a rebound. It valiantly retested the crucial resistance at $20.6 on Friday, a notable level indeed, as it marked the upper side of the cup and handle pattern—a most favoured sign of continuation. It also coincided with the 38.2% Fibonacci Retracement level, for those who delight in such mathematical musings. 📈
The depth of this cup is approximately 32%. Thus, a clear break above that price will see it leap to $27, a notable price point that aligns with the 78.6% retracement at $27. Such a rebound, however, is contingent upon the continued resurgence of Solana meme coins and the ascent of Bitcoin beyond the illustrious $100,000 mark. How thrilling! 🎢
Yet, should the price descend below the support at $17.85, the highest swing on February 9, it would render the bullish Official Trump price prediction null and void. Alas, the fickle nature of fortune! 😅
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2025-02-14 19:30