TRUMP Token Analysis: Can It Break into the Top 10 Market Cap?During the last year, especially near the US presidential election, many tokens with the name TRUMP were born in the cryptocurrency market, but it seems that the new memecoin TRUMP is under the supervision of Trump's team(Real).
The OFFICIAL TRUMP(TRUMP) token has increased in price by more than %200-800% in different Crypto exchanges in two days, and while I am writing this idea, it has reached the 15th market cap rank among all tokens in the world, can the TRUMP token reach the top 10 markets? What do you think about the TRUMP Token?
First, let's see what we know about the TRUMP Token.
The TRUMP token is a new memecoin launched by former U.S. President Donald Trump on the Solana blockchain.
Type: Memecoin
Blockchain: Solana
Total Supply: 1 billion tokens over the next 3 years
Token Allocation:
36% for Creator Group 1
18% for Creator Group 2
18% for Creator Group 3
10% for Liquidity
10% for Public Offering
4% for Creators & CIC Digita 4
2% for Creators & CIC Digita 5
2% for Creators & CIC Digita 6
Important Notes:
Investment Risk: Memecoins are considered high-risk investments due to their volatility and lack of intrinsic value.
Political Influence: The value of this token may be influenced by political events related to Donald Trump.
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Let's look at the Technical Analysis of TRUMP Token in the 15-minute time frame.
Since TRUMP Token has been listed on exchanges for less than 2-3 days, there are a limited number of candles for analysis, but I will try to show you the key levels in this analysis.
TRUMP Token is moving near the Support zone($61-$56).
According to Elliott's wave theory, the TRUMP Token seems to be completing the main wave 4. The main wave 4 could even end around $45.
Considering the high momentum of the TRUMP Token, there is a possibility that the 5th wave is Truncated.
I expect the TRUMP Token to go up(Maximum) to the Potential Reversal Zone(PRZ) in the next few days after wave 4 is completed.
Note: It is possible that with Trump's inauguration, the famous phrase "Buy the Rumor, Sell the News" about the TRUMP token will happen and begin a deep correction.
Please respect each other's ideas and express them politely if you agree or disagree.
OFFICIAL TRUMP Analyze (TRUMPUSDT), 15-minute time frame.
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Trump
TradeCityPro | TRUMPUSDT Strategy to Drive Capital into Altcoins👋 Welcome to TradeCityPro Channel!
Let's dive into this recent development where the current U.S. president has launched his official meme coin, along with his wife’s official meme coin. We’ll explore the technical and fundamental aspects of this topic.
🎤 Inauguration Summary
Before starting today’s analysis, let’s briefly review the key points from the inauguration speech:
Economy & Entrepreneurship :
Trump emphasized the need to strengthen the U.S. economy, cut taxes for businesses, and support entrepreneurship, with the goal of creating more job opportunities and boosting the economy.
National Security:
Trump stressed the importance of protecting the country's security and addressing both internal and external threats, including terrorism and cyberattacks, pledging to strengthen the U.S. military and intelligence forces.
Individual Freedoms:
Trump talked about protecting individual freedoms and reinforcing the rights of American citizens. He promised that his administration would support individuals' rights and civil liberties.
Immigration & Borders:
One of the key issues Trump highlighted was immigration. He called for stronger U.S. borders and stricter laws on illegal immigration.
📉 15-Minute Chart
Looking at the 15-minute chart, there’s limited data for technical analysis, so it’s hard to draw any conclusions. Binance currently has the best chart for this coin.
Last night, coinciding with the inauguration, we saw a 46% correction on the 1-hour candle, which led to the liquidation of many positions. It’s safe to say most futures positions got liquidated.
For now, I’m not planning to buy or enter a position on this coin. However, if you are interested in purchasing, I would suggest waiting for a breakout above 61.71, and I recommend exiting below 43.97.
The tokenomics of this project are risky, and I believe there are other reasons why Trump introduced it.
🚀 The Bigger Picture
From my perspective, this move is quite beneficial for the cryptocurrency industry. It shifts the focus from just Bitcoin to altcoins, encouraging investors to diversify into them.
Additionally, because this coin can only be purchased with fiat or on the Solana network, it has led to the entry of a new wave of users into the crypto market. This could continue, much like the hamster trend or Telegram bots.
In terms of market capitalization, this coin performed remarkably well, reaching the 13th position and becoming the second-largest meme coin. It’s currently ranked 4th in 24-hour trading volume, which could be a good opportunity if you're looking to generate liquidity.
🔒 Tokenomics and Network Performance
From a tokenomics standpoint, the coin is a bit weak, as 80% of the tokens are held by the project team, including Mr. Trump. Soon, 40% of these tokens will be unlocked, which will likely create significant selling pressure. However, in terms of market cap, its performance has been extraordinary.
I also have some criticism regarding the Solana network. Despite being a crypto enthusiast, Solana's network outages and performance issues in transactions show that the crypto space is still not ready for high transaction volumes. The industry needs to find a way to simplify networks and tokens so that ordinary users can easily enter the market.
📊 Capital Management Advice
If you want to be part of this space and invest in this coin or other meme coins, it’s crucial to follow strict capital management rules:
Avoid Futures Trading:
Due to the high volatility of these coins, you’ll almost certainly get liquidated if you trade futures.
Be Realistic:
Don’t expect to become rich overnight. Avoid using money you can’t afford to lose never invest money from selling your car or house.
HODL with Caution:
If you plan to hold this token, make sure the amount you invest is money you can afford to lose. The amount will vary depending on your lifestyle.
Verify Contract Addresses:
Always double-check the contract address or the exchange. Social media trends can lead to scams, and scammers may try to sell you fake tokens that will never return your money.
Be Mindful of FOMO:
While Trump’s token has increased by 5000% recently, it’s unlikely that it will turn $50 into $1000 right now. For that to happen, the market cap would need to increase by 20 times, which is highly unlikely. So, be cautious about the FOMO in the social media space.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Be mindful of your investments!!!!Be mindful of your investments, as politics shows no mercy to anyone.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Is Trump Coin still worth buying?Is KCEX:TRUMPUSDT stillworth buying?
This is, of course, the question everyone asks...
From a technical perspective, the token appears to be in a symmetrical triangle pattern, with the target estimated to be around 100. However, when it comes to determining whether it's worth investing, the answer depends on your trading approach and goals.
If you’re a very short-term trader with a clear money management strategy in place, it could potentially be a reasonable opportunity.
On the other hand, if you’re hoping for this to multiply in value significantly over time, I wouldn’t consider it worth the risk—at least in my opinion.
$TRUMP: if you have not sold yet, you are late.$TRUMP won’t last forever—mark my words.
Of course, things could change if someone injects billions to prop it up, but that seems unlikely. Here’s a quick reality check:
- Trump is a politician, not your buddy.
- "Make America Great Again" really means "Make the U.S. Dollar Great Again"—don’t get fooled.
- Vampires crave blood, and politicians crave money—you’re not on their team.
They’ll rug you with a smile, and you’ll still come back for more. Why? Because deep down, you want to believe you're not like them, right?
Take your profits and invest in meaningful projects—ones that pay people, drive research and development, and build the future of this incredible industry. Don’t waste your energy on hype.
$TRUMP - Forming a continuing Head and Shoulders pattern
A continuing head and shoulder pattern has formed on the intraday time frame.
The best point to enter the trade is when the neckline breaks and touches it again.
Also, if the $36 support line is touched again and a price rejection is seen from it, it can be another technical entry point.
This is only a technical analysis and is in no way an investment or trading recommendation.
Be carefulThe price has broken the descending triangle, and i expect a short-term correction.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bitcoin: Don't be blind to the world (Trump inauguration)Regular readers will know that we avoid fundamental analysis In these reports - we stick to the price.
But that doesn’t mean being blind to the world around us.
On Monday January 20, Donald Trump will be inaugurated as US President.
I’m sure many of you have your political views about Trump - but just keep those away from your trade ideas!
The crypto market - and Bitcoin especially - has been on a huge rally since Trump spoke at a Bitcoin conference in favour of cryptocurrencies last year.
There’s a chance President Trump could mention Bitcoin in his inaugural speech but even if he doesn’t, the prospect of favourable regulation is broadly positive for Bitcoin - or if we’re more honest - the idea of better regulation could be enough justification to keep the crypto bull run going for now.
Bitcoin
On the weekly chart, we can see Bitcoin (BTC/USD) has been trading sideways around the $100,000 level - with roughly $90,000 as support.
But bigger picture it’s a huge uptrend and we want to trade in line with the trend (as always)
Importantly - it just closed the week back over the critical $100K mark - and it did so with a bullish engulfing candlestick that engulfed the previous 3 weeks.
As a reminder - where the week closed is more important than the high or low of the week - and a weekly close is more significant than a daily close. You can think of the closing price as the price that everybody agreed was the right price for that period.
The final missing piece to the bullish breakout is a weekly close at a new record high.
On the daily chart we are watching the broken trendline as well as the $100k level as support that needs to hold if the breakout is going to happen soon.
But while the price trendline is not especially reliable with only two ‘touches’ or swing points the broken RSI trendline is much more significant and shows a big pickup in momentum that will be needed if the price is to break out.
If the breakout does happen, the first barrier that needs to break is $110,000 but after that $120k then even $130k could come quite quickly given Trump’s inauguration this week.
But - as always - that’s just how my team and I are seeing things, what do you think?
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Trump and Pump or Trump and Dump - You choose?I don't normally post Meme coin analyses. Especially new borns.
They are still finding their feet, there isn't enough data to go around for analyses.
But, there are signs of SUPER upside or a crash. Right now we are in the middle of it.
So, either the price breaks above the Neckline of the W FOrmation and heads to the first target of $115.00.
Or it turns into an M Formation and heads downhill to $0.00.
I think America will give the coin the benefit of the doubt, and will support Trump and what he is going to promise.
Such as 1. Keeping TikTok alive (Possible merger with META?)
2. Improving Government efficiency with Elon Musk.
3. Bringing Crypto more in the legal space and welcoming it with acceptance into office.
But we'll have to see. Hence, I am on the fence, but will stay bullish for I doubt the administration will allow the coin to go to $0.00.
Inauguration Day! Beware of cowboy swings. Trade responsibly Inauguration Day brings a mix of excitement and uncertainty to the markets, so if you're trading today, be extra cautious. Expect some wild price swings—those "cowboy swings"—as investors react to the political shifts and news. It's easy to get swept up in the action, but remember, it's always best to keep your cool.
While the day might bring opportunities, it also has its risks. Make sure you're staying level-headed, sticking to your strategy, and trading responsibly. And, as always, if things feel too chaotic, there's no shame in sitting this one out. Safe trading!
Phemex Analysis #54: How to Trade TRUMP Like a ProDonald Trump, the 45th U.S. President and soon-to-be 47th, has once again made history—not just in politics but also in the world of cryptocurrency. On January 18, 2025, Trump launched his very own meme coin, $TRUMP, which skyrocketed from an initial price of $0.1824 to an all-time high (ATH) of $83.216 in just 48 hours. This staggering 45,622% rise not only set a world record for the highest percentage increase of any asset but also made Trump the first U.S. president to launch a cryptocurrency.
Now, with just hours remaining before Trump’s inauguration as the 47th U.S. President, traders are speculating on what’s next for $TRUMP. Will it continue its meteoric rise or face a sharp correction? Let’s explore two possible scenarios that could unfold and how you can trade them like a pro.
Bullish Breakout: A Rally to New Heights.
The first scenario is a bullish breakout fueled by optimism surrounding Trump’s inauguration and potential crypto-friendly policies. If $TRUMP breaks above the key resistance level of $64.55 with high trading volume, it could signal another rally that takes the token to new heights. Traders will be watching closely as the price approaches critical levels like $76 and $83—the previous ATH—with the psychological milestone of $100 acting as a major target.
The momentum in this scenario would likely be driven by positive news about U.S. crypto regulations or other announcements that reinforce confidence in the token’s long-term potential. For traders looking to capitalize on this bullish move, timing is everything—waiting for confirmation of a breakout with strong volume is essential to avoid false signals.
Bearish Drop: A Chance to Buy the Dip.
On the other hand, there’s always the possibility of a bearish drop, especially given $TRUMP’s extreme volatility and rapid rise. If the price falls sharply below $50, it could trigger further declines toward the $40 support level. At this point, volume becomes a critical factor in determining whether this is a temporary correction or the start of a deeper downward trend.
If the drop to $40 occurs with relatively low volume and higher RSI compared to previous dips, it might indicate that $TRUMP is building a support base—an excellent opportunity for traders to buy at discounted prices before another potential rally.
However, if selling pressure intensifies with high volume and lower RSI, traders should brace for further declines to key levels like $32 or even as low as $24. In such cases, patience and risk management are crucial to navigating these turbulent waters.
Conclusion: High Risk, High Reward.
Trading high-volatility assets like $TRUMP is not for the faint-hearted—it’s a game of high risk and high reward. With its unprecedented rise and historic significance as the first cryptocurrency launched by a U.S. president, $TRUMP has captured global attention. Whether you’re riding bullish waves or buying dips during corrections, staying disciplined and informed will be your greatest advantage.
As Trump prepares to take office once again, all eyes are on how his policies might shape the future of cryptocurrency—and how $TRUMP will perform in this unpredictable market. For those willing to embrace the risks, this token offers an unparalleled opportunity to trade history in the making.
Tips:
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Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
The TrumpCoin Craze: What’s Really Going On?Yesterday, something truly bizarre happened in the world of crypto. Donald Trump—yes, that Donald Trump—launched his very own cryptocurrency, TrumpCoin ($TRUMP).
At first, like everyone else, I thought his account had been hacked.
I mean, launching a meme coin just days before his presidential inauguration? Come on...
But nope, it’s 100% real. Verified.
Like many others, I got curious and, let’s face it, greedy. So, I bought in. The result? I cashed out at a nice 3x profit, enough for a fun night out. But before we dive into the crazy market activity, let me clarify a couple of things:
- I’m not a Trump fan. This isn’t about politics.
- I don’t think this is a rug pull, at least not intentionally .
It seems more like someone who doesn’t fully understand how crypto works decided to jump in.
A Brief Timeline of Chaos
TrumpCoin was announced on his social platforms, including Truth Social and X (formerly Twitter). Initially, everyone thought it was fake news. I mean, a meme coin with his name on it? Right before inauguration day? It screams “scam.” But soon after, major crypto news outlets confirmed its legitimacy.
And then the madness began. Within hours:
- Market cap: Over $14 billion at the time of writing(and climbing).
- Trading volume: A jaw-dropping $11 billion in just one day.
- Price swings: The coin hit a high of $3.30 before dipping below $1.50 and now is above $4.
Trump’s company, CIC Digital LLC, reportedly holds 80% of the coin supply, making this a financial windfall for him—even if the project crashes.
The Crypto Community Splits
This move has divided the crypto space. On one hand, you have people who are treating $TRUMP like any other speculative asset. ( Hi, that’s me! )
On the other, there are folks who see it as a statement of loyalty to Trump. Then there’s a third group—the skeptics—who warn that this could end in disaster.
The real problem? Newbies are piling in without understanding what they’re doing. The hype is pulling in people who don’t know a rug pull from a blockchain. They’re buying and buying, hoping to ride the wave, and are likely to get burned when the bubble bursts.
Is This a Rug Pull?
Let’s address the elephant in the room. With 80% of the supply in Trump’s control, the setup raises eyebrows. But is this an intentional scam? Probably not. If anything, this feels more like a PR stunt gone wild—a way to cash in on his fame and make a splash before returning to the White House.
That said, the outcome could still be the same. At some point, the hype will die, the price will tank, and many will lose money. The bigger it gets, the harder it’ll fall.
My Take: Enjoy the Ride, but Be Careful
TrumpCoin is the epitome of crypto’s wild side: volatile, unpredictable, and more about hype than substance. If you’re diving in, know what you’re getting into. For me, it was a quick trade—buy low, sell high, and get out. But I worry about the inexperienced investors who are holding on, hoping for it to hit $10, $20, or even higher.
So, here’s my advice:
Don’t invest more than you can afford to lose.
Take profits while you can.
Remember, just because something is popular doesn’t mean it’s sustainable.
Whether $TRUMP reaches a $25 billion, $50 billion market cap or crashes spectacularly, one thing’s for sure—it’s going to be one heck of a ride.
Stay safe out there, and happy trading!
TRUMPUSD in a couple hours, we'll see a price over $100.TRUMPUSD in a couple hours, we'll see a price over $100.
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DOGE : Break .46 to $1.4 or Plunge to .23?Hey trading family
DOGE could soar to $1.4 if it goes over .46 cents. If it drops below .30, it might fall to .23 cents.
If you found this analysis valuable, boost it with a like, share: I appreciate the love or send me a DM if you need help.
Kris/Mindbloome Exchange
Trade What You See
Missed $TRUMP Pump? Here's What You Should Do Right NowSo, you missed the MEXC:TRUMPUSDT pump.
You’re sitting there, watching the chart skyrocket, wondering, “Why didn’t I get in earlier?” Maybe you hesitated. Maybe you didn’t even see it coming. Whatever the reason, that sinking feeling of regret is all too familiar for traders.
But here’s the thing: regret won’t make you profitable. Action will.
If you’ve ever been in this situation (and let’s be honest, we all have), here’s exactly what I’d do if I were buying $TRUMP now:
1. Only invest what you’re willing to lose entirely.
This is crucial. Pumps are inherently volatile. Treat this like a lottery ticket—exciting if it hits, but you won’t lose sleep if it doesn’t.
2. Use the QuantFrame indicator to trail your stop-loss.
As the price continues to break All-Time Highs (ATH), let QuantFrame do the heavy lifting. This indicator is built to lock in gains while minimizing risk. It dynamically adjusts your stop-loss to ride the momentum safely.
Btw, It's 100% FREE
3. Exit when the price shifts from bullish to bearish.
Don’t overcomplicate it. In highly volatile markets like $TRUMP, sticking to short timeframes (1–5m) is essential for managing risk effectively.
Here’s how:
• Aggressively manage positions: Monitor the 1–5m timeframe to avoid massive drawdowns. Higher timeframes are too slow for these markets, and a pump can turn into a 90% loss in a few hours.
• Sell on structural lows (INV): Exit immediately when the price breaks below the most recent bullish structure low. This signals a bearish reversal.
• Re-enter on bullish shifts: When the price regains bullish momentum, create a fresh break (X1) and ride the next wave.
Instead of chasing or freezing, focus on disciplined execution. The next pump is always around the corner—and with the right tools and mindset, you’ll be ready for it.
Breaking: $TRUMP Set to Surge to $100 on Trump’s InaugurationThe Solana-based memecoin, $TRUMP, created by the newly elected U.S. President Donald Trump, has taken the crypto world by storm. With a 15% uptick in price at the time of writing and major exchanges like Binance now listing the token, $TRUMP is making history as the first memecoin projected to reach the $100 milestone. This explosive growth highlights the coin’s unique blend of political significance and community-driven appeal.
Technical Analysis: Is $100 a Realistic Target?
The $TRUMP chart reveals a possible retracement to the $33 support zone, which could serve as a prime buy opportunity for traders. Liquidity has already been swept from the recent highs, suggesting that the market is gearing up for another upward move. Here are the key technical factors:
1. Support and Resistance Levels:
- Immediate resistance is set at $73.43, the coin’s all-time high recorded on January 19, 2025.
- Key support is at $33, where buyers have previously stepped in, indicating strong demand.
2. Trading Volume Surge:
- $TRUMP’s daily trading volume stands at $35.9 billion, a 61.2% increase in just 24 hours. This uptick in volume is a bullish signal, showing heightened market activity.
3. Momentum Indicators:
- RSI suggests the coin is nearing overbought territory, signaling potential cooling off before another rally.
- MACD shows bullish divergence, further supporting a potential move to $100.
What Makes $TRUMP Unique?
The Official Trump token combines meme culture with political symbolism, creating a one-of-a-kind asset. Here’s what sets it apart:
1. Backed by Donald Trump:
- Launched on Truth Social, $TRUMP is directly tied to President-elect Donald Trump’s brand, amplifying its appeal to both crypto enthusiasts and political supporters.
2. Ownership and Unlocking Schedule:
- CIC Digital LLC and Fight Fight Fight LLC, affiliates of The Trump Organization, collectively own 80% of the Trump Cards, subject to a 3-year unlocking schedule. This structured release reduces the risk of immediate sell-offs.
3. Decentralized Appeal:
- Despite its political connections, the token’s creators emphasize that $TRUMP is not a political instrument or security. Instead, it’s designed to engage users in the ideals and artwork associated with the Trump brand.
Market Data: A Glimpse at $TRUMP’s Growth
- Current Price: $54.03 (26.5% below its ATH of $73.43).
- All-Time Low: $4.29 (achieved just two days ago).
- Market Cap: $10.6 billion, ranking it #21 on CoinGecko.
- Circulating Supply: 200 million tokens.
Where to Buy $TRUMP
The token is available on several leading exchanges, including:
- OKX: The most active trading pair, TRUMP/USDT, has a 24-hour volume exceeding $4 billion.
- KuCoin and Gate.io: Other popular platforms with significant trading activity.
Potential Risks and Rewards
While $TRUMP offers significant upside potential, traders should be aware of the inherent risks. High volatility, political controversies, and the speculative nature of memecoins could impact its trajectory. However, the token’s strong community support and robust trading activity make it a compelling choice for risk-tolerant investors.
Conclusion
$TRUMP is more than just a memecoin; it’s a cultural phenomenon blending crypto innovation with political influence. With technical indicators pointing toward a potential rally and fundamentals bolstered by strong market interest, the coin’s path to $100 seems increasingly plausible. Whether you’re a trader seeking short-term gains or a believer in its long-term potential, $TRUMP is a token to watch in 2025.
Gold Steadies at$2700 Amid Trump Inauguration &Geopolitical CalmXAU/USD: Gold Prices Steady Near $2,700 – Outlook in a Trumpian Era
Gold prices go easy
Gold prices (XAU/USD) remained steady on Monday morning, fluctuating around $2,700 per ounce as Donald Trump prepared to step onto the podium. With the U.S. observing a holiday (markets are closed) in honor of Martin Luther King Jr., global attention shifts to Trump’s inauguration as the 47th President of the United States.
Trump’s Market-Moving Speech Ahead
Although the specifics of Trump’s speech remain uncertain, analysts speculate that tariffs and tax cuts may emerge as core topics. A softer stance on these points could ease concerns about inflation and reinforce a bullish outlook for gold. Conversely, a more aggressive approach, such as imposing 20% tariffs on imports, might heighten inflation fears and potentially weigh on gold prices.
Trump’s inauguration speech is expected to impact gold prices significantly, as it sets the tone for his administration’s economic policies.
Geopolitical Developments: Ceasefire in Gaza
On a separate note, geopolitical tensions eased on Sunday following confirmation of a ceasefire between Israel and Gaza. The agreement was solidified with Hamas releasing three hostages after some delays, in exchange for Israel freeing 90 prisoners. While gold is traditionally viewed as a safe haven during geopolitical uncertainty, the de-escalation in the Middle East reduced immediate demand for the precious metal.
Gold Technical Analysis
Gold prices are currently consolidating between $2,706 and $2,722 per ounce. The bearish momentum suggests a potential stabilization within the bearish zone, contingent on key levels being breached.
- Bearish Scenario: If prices stabilize below $2,712 and $2,706, further declines to $2,689 and $2,678 are likely, especially if a 4-hour candle closes below $2,706.
- Bullish Scenario: To confirm a bullish trend, prices would need to break above $2,722, potentially targeting $2,739.
Key Levels
Pivot Point: 2712
Resistance Points: 2722, 2739, 2756
Support Points: 2689, 2678, 2665
Trend Outlook
Bullish Trend: Above 2722
Bearish Trend: Below 2706
Skyrexio | TRUMP Is Destroying Crypto Market: When It Will Stop?Hello, Skyrexians!
Last 2 days something crazy is happening on the crypto market. KCEX:TRUMPUSDT is absorbing all crypto market and many people warn that it can destroy even Bitcoin. This sounds scary, but we want to remind you that FOMO will destroy your deposit. Anyway TRUMP coin is tradable and our methods are applicable to it.
Let's take a look at 15 min time frame. Awesome Oscillator helps us to understand in which wave this asset now. The answer is in the wave 3. Fibonacci extension shows us that this pump is coming to end. Price is inside that target area. Now a lot of FOMO buyers incoming into this coin, we need correction. In our opinion this correction will reach $45 then we will see the wave 5 to $120-130.
After that we can face with the huge crash. We will wait for the signal on Bullish/Bearish Reversal Bar Indicator , look how perfectly it worked before! The red dot at $120 is going to be final call for holders to sell.
Best regards,
Skyrexio Team
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Solana ($SOL) Cup and Handle offers 65% Gain PotentialTaking a look at Solana on the Weekly timeframe, i've drawn out this cup and handle pattern:
As we can see here, the swing low of $8 to the swing high of $264 provides a measurement we can use from the recent low of $169. When we pair that with a fib extension we have a perfect 1.618 that aligns with this price target of around $400. Notice, however, that we also have another potential swing low and a 1.272 fib extension with a price target of around $350.
Given the bullishness of CRYPTOCAP:SOL , being the best crypto in the space, and the catalyst $TRUMP has brought, introducing the general public to its fantastic user experience, low fees, and quick transfer speeds, the bull case for SOL is quite apparent.
Howevever, I would be remiss not to point out the bear case that is showing itself here. At least for the short term:
As you can see, this daily rising wedge has been forming since April. We've fallen out of it, bounced off the bottom, and rocketed back into it only to hit the top of the inside of the wedge at $295 and be rejected back below the previous ATH of $264.
I see the 200-day MA (Purple line) as my key support level to remain bullish, and has proved to be a strong buy level. I managed to catch it at $175 on the latest attempt to breach that led to a massive move to $295.
One should always consider both the bull and bear cases and manage risk accordingly.
This is for informational purposes only and not a suggestion or recommendation to buy or sell any asset or otherwise. You are responsible for your own decisions no matter where you get information. Never invest if you can't afford it and consider all investing gambling.
- Shadowfigure