Technical analysis by limitissky77 about Symbol TRUMP on 8/11/2025

Trend History Initial Pump and Dump: Price had a huge spike in the early phase (January), followed by a sharp sell-off. Descending Channel: From late January to early April, the price was moving in a falling wedge/descending channel . Market Bottom: Found around 7 April 2025, near the $7.15 level (highlighted as “Market bottom”). Breakout from Wedge: After hitting the bottom, the price broke above the wedge, signaling a reversal attempt. 2. Consolidation Phase Sideways Period: The market moved sideways for about 126 bars (~4 months) between roughly $7.5 – $12.5. Higher Low: The recent low is slightly higher than the market bottom, indicating bullish pressure. Key Technical Signals Accumulation: Long sideways action after a bottom often signals accumulation by big players. Breakout Potential: If price breaks above the $12.5–$13 zone with volume, it could trigger a strong rally. Volume: Needs to see a surge in buy volume for confirmation of any breakout. If price loses $7.15 support, it could retest much lower levels. Market sentiment & news will play a big role here, not just technicals. ✅ Bullish Scenario: Hold above $9 and break $13 with volume → next targets $34.7 → $51.7. ❌ Bearish Scenario: Break below $7.15 → risk of extended downtrend.