To $TRUMP, or not to $TRUMP? The Art of the BreakoutCrypto Market Update: Several Breakouts in Progress Right Now
CRYPTO:TRUMPOFUSD CRYPTO:BTCUSD CRYPTO:ORNUSD CRYPTO:ALEOUSD CAPITALCOM:FILUSD CRYPTO:MOBILEUSD CRYPTO:SHPINGUSD COINBASE:TRUMPUSD
In this video, I analyze several ongoing and potential breakouts across multiple crypto assets, identifying key technical patterns, support and resistance levels, and volume trends. While meme coins aren’t typically my preference, the Trump meme coin COINBASE:TRUMPUSD has shown strong market participation, making it an interesting trade. Aleo CRYPTO:ALEOUSD has been in a prolonged downtrend but is now showing signs of a confirmed bottom with increasing volume. Helium Mobile CRYPTO:MOBILEUSD is presenting a well-structured W-reversal, which often leads to strong breakouts. Filecoin CRYPTO:FILUSD has maintained a solid structure, and historical levels suggest a significant rally is possible. Shping CRYPTO:SHPINGUSD , which I’ve tracked since November, appears to be setting up for a continuation move toward higher liquidity zones. Orion Protocol CRYPTO:ORNUSD , while a high-risk play due to liquidity constraints, has characteristics of previous explosive moves.
Key Breakout Candidates & Market Observations:
🔹 Trump Meme Coin CRYPTO:TRUMPOFUSD
Bought at $16.46 based on a strong bottom formation.
"Interdisciplinary Bottom" pattern combines elements of W-reversal, cup and handle, and double bottom formations.
Volume and momentum suggest potential upside, with a target zone in the next major liquidity area (~35%-60% potential move).
🔹 Aleo CRYPTO:ALEOUSD
One of the longest consistent downtrends on Coinbase, now showing strong signs of reversal.
Large volume spike suggests a confirmed bottom.
First resistance zone: $1-$1.20 (~150% potential move).
🔹 Helium Mobile CRYPTO:MOBILEUSD
Key breakout structure forming with bullish engulfing patterns.
Similar price wicks and reversal patterns seen on lower timeframes.
If momentum continues, a significant percentage move approaching or exceeding 100% is possible over a short period.
🔹 Filecoin CRYPTO:FILUSD
Historical liquidity zones indicate a strong potential rally.
Short-term target: $26
Longer-term potential: Historical highs around $100+, with $237 as the all-time high.
🔹 Shping CRYPTO:SHPINGUSD
Tracked since November – has been developing a highly structured reversal.
Target: 3 cents, based on prior liquidity levels (~300% potential move).
🔹 Orion Protocol CRYPTO:ORNUSD
Higher risk due to liquidity, but historically has shown explosive moves.
Short-term target: Testing previous highs.
Potential upside: $5 if volume and interest increase.
Final Thoughts:
Bitcoin’s movement continues to influence the broader market, and several altcoins are showing clear reversal signals. While trading strategies differ, recognizing volume shifts, liquidity zones, and structural patterns can present strong opportunities. As always, I encourage everyone to do their own research and approach the market with a clear risk management plan.
