Official Trump Coin (TRUMP) is forming a consolidation pattern below a key resistance level. A potential breakout from this setup hints at a revisit of $25. With US President Donald Trump’s ‘Crypto Dinner’ with $TRUMP Coin holders coming to an end, can this token break out and kickstart an explosive rally?
TRUMP Coin Price Breakout Could Push it to $25
The one-day chart shows Trump Coin consolidating below $15.335, a level that has prevented an uptrend since its breakdown on February 24, 2025. Between March and May 2025, $TRUMP Coin has created two rounded bottoms, showing buyer strength. This recovery can be attributed to the spike in demand after Donald Trump announced the Crypto Dinner with the top $TRUMP token holders.
A consolidated look of these two rounded bottoms reveals a Cup and Handle pattern. In the Official Trump Coin’s case, a decisive daily candlestick close above $15.335 coupled with volume confirmation indicates a successful breakout. This technical formation forecasts a 54% breakout rally to $23.954, obtained by adding the Cup’s depth of 54% to the $15.335 resistance level.
While the $23.954 is a theoretical target for the aforementioned setup, a closer look at the daily Trump Coin chart reveals equal highs formed at $25.061. A sweep of this liquidity could trap breakout buyers, making it a good level for smart money to book profits.
Hence, a breakout from the Cup and Handle setup could see TRUMP Coin experience a 63% gain.
Donald Trump’s Crypto Dinner & Crypto Market Outlook
TRON founder Justin Sun attended the Crypto Dinner and said it was a “strong signal” for the cryptocurrency sector. Others criticized the dinner because of the conflict of interest due to Mr. Trump’s crypto holdings.
The crypto market suffered a $300 million liquidation event as President Trump “recommended” a 50% tariff on the European Union. This announcement caused Bitcoin (BTC) to crash 3.60% in under three hours. Ethereum (ETH) suffered a greater collapse of nearly 7% in the same period. However, the crypto markets look optimistic with BTC up 2.31% from the intraday low and ETH up 3.53%. TRX price is up 1.4% in the past hour.
Despite the short-lived correction and panic, the crypto market outlook remains bullish especially for altcoins due to Bitcoin’s strength above $100k. As for the Official Trump Coin pattern, it forecasts a bullish short-term future with a 63% rally opportunity this week.
Read our detailed, long-term outlook for $TRUMP token here: Official Trump Coin Prediction 2025-2030
Frequently Asked Questions (FAQs)
TRUMP Coin is forming a Cup and Handle pattern, indicating a potential breakout and 54% rally to $23.954 or possibly $25.
The surge can be attributed to the spike in demand after Donald Trump announced the Crypto Dinner with top $TRUMP token holders.
A breakout from the Cup and Handle setup could see TRUMP Coin experience a 63% gain.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/trump-coin-price-coils-up-breakout-hints-25-retest-likely/
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