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Trump Coin (TRUMP) Poised for 40% Surge as Bullish Pennant Nears Breakout
Trump Coin (TRUMP) Poised for 40% Surge as Bullish Pennant Nears Breakout
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[TRADE_PLUGIN]TRUMPUSDT,TRUMPUSDT[/TRADE_PLUGIN]
TRUMP News -
Trump Coin (TRUMP) is consolidating below a key resistance level at $16.40, forming a bullish pennant pattern. The token has consistently printed higher lows since late April, indicating strong accumulation by buyers.
A confirmed breakout above $16.40 could trigger algorithmic buying pressure, potentially sending TRUMP to $24.12—representing a 40% upside from current levels. This market structure echoes the March 2023 breakout that preceded TRUMP’s 290% rally.
Traders are watching on-chain metrics closely, with exchange reserves declining 18% since May—a clear reduction in sell-side liquidity. The technical setup bears striking resemblance to Bitcoin’s 2020 accumulation phase before its parabolic rally.
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