TRUMP Soars Past $10.4—Here’s Where It’s Headed Next

TRUMP’s latest rally isn’t just a pump—it’s a full-blown political meme-coaster hitting $10.4 and leaving traders scrambling for the next exit (or moon ticket). Here’s the playbook.

### The Breakout: More Than Just Hype

After bulldozing past $10.4, TRUMP’s chart looks like a campaign poster—bold, brash, and begging for attention. Technicals suggest this isn’t a fluke, but momentum’s a fickle friend in crypto land.

### Price Targets: The Road to $15—or Back to Reality?

Fibonacci extensions point to $12.8 as the next battleground. Clear that, and $15 becomes the meme dream. But let’s be real—this is crypto. A 30% retracement would surprise exactly no one.

### The Wildcard: Politics Meets Ponzi... Er, Potential

Every tweet, poll, or scandal now doubles as TRUMP’s fundamental analysis. Traders are basically betting on volatility wrapped in a red hat.

### Bottom Line: Ride the Wave—But Know the Risks

TRUMP’s either the next degenerate gambler’s paradise or a cautionary tale waiting to happen. Either way, it’s entertainment—just don’t mortgage the house. (Unless you’re into that sort of thing.)

Key Takeaways

Official TRUMP burst past the local resistance at 10.44, which marked a bullish structure and offered a buying opportunity. The short-term momentum was in favor of the bulls, and a move to $12 might be likely.

Official Trump [TRUMP] was one of the many memecoins to hit a new local high over the last few weeks. It was only up a paltry 10% over the past week though, compared to the sector leader Dogecoin [DOGE] after the latter climbed by 32%.

The larger memecoin sector is also in a bullish mood right now, having gained by 60% collectively over the past month. This pushed the memecoin sector’s market cap to $82.88 billion, up from $54.4 billion last month.

Source: Coinalyze

TRUMP saw an 11% hike in Open Interest over the past 24 hours, while its price appreciated by 6.4% on the charts.

This can be seen as a sign of strong bullish conviction in the Futures market. Additionally, the funding rate has been increasingly positive in recent hours – Highlighting the eagerness of speculative traders who want to go long.

What should TRUMP traders expect next?

Source: TRUMP/USDT on TradingView

It may be a good time to buy Official Trump. The 1-day timeframe showed that the market structure was bullish, and another breach of the previous high was underway at the time of writing. The bullish structure breaks were marked in white, while the higher low (green) was at $9. The next target levels for the bulls seemed to be $11.15 and $11.9.

The OBV climbed higher, hinting at a hike in buying volume over the past two weeks. The RSI also climbed back above the neutral 50-level in July. It retested the same as support before surging higher once again, proof of the dominant bullish momentum.

The moving averages, being lagging indicators, were yet to FORM a bullish crossover though. However, the Directional Movement Index has been quicker to respond. The +DI (green) and ADX (yellow) were both above 20 – Underlining a strong uptrend in progress.

The bullish structure break on the daily chart meant that buyers can go long, targeting $11.15 and $11.9. In fact, the prevailing market conditions mean that bulls could be even more ambitious and target the May high of $16.44 in the coming weeks.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion