Official Trump (TRUMP) token price eyes breakout but remains constrained below key resistance zones
Official Trump token hovers near breakout point, but resistance levels remain stacked overhead
The Official Trump token is displaying early signs of a potential bullish reversal following weeks of consolidation within a descending triangle. After a sharp decline in early March, the token has held above the $9.80 demand zone, with multiple failed attempts to break through the $11.00–$12.00 supply band signaling persistent overhead resistance.
As of Wednesday, the token trades near $10.25, attempting to breach both short-term trendline resistance and the Ichimoku cloud’s Tenkan-sen and Kijun-sen.
OFFICIAL TRUMP price dynamics (March 2025 - April 2025) Source: TradingView.
Technical signals remain mixed amid tight consolidation
The 4-hour chart reveals a narrowing Bollinger Band setup, indicating compressed volatility and a potential squeeze ahead. Price has hovered near the mid-band, with occasional probes toward the upper band around $10.43. However, a decisive breakout requires a close above $10.50 with rising volume and Bollinger Band expansion.
The MACD shows a mild bullish crossover, yet momentum remains flat, and the histogram lacks strong conviction. RSI sits neutrally at 51.83, barely above the midline, suggesting neither bulls nor bears are in full control. The EMA structure is also bearish, with the 20, 50, 100, and 200 EMAs all stacked above the current price, reinforcing the need for confirmation before assuming an upside move.
Intraday activity hints at bullish intent, but breakout not confirmed
On the 30-minute chart, the token is testing $10.25 after multiple minor breakout signals via LuxAlgo. The token has posted higher lows, suggesting accumulation, but faces firm resistance around $10.40–$10.45. Without a sustained push above $10.50, the breakout remains vulnerable. Failure to do so could drag the price back to retest the $9.80 support zone, with a breach risking a slide toward $9.30–$9.00.
The Ichimoku setup also supports a bearish trend, with the price below the Kumo cloud and future cloud still red. A clean breakout above the Kijun-sen and cloud would be necessary for a trend shift.
In earlier analyses, we emphasized that the Trump token's broader trend remained bearish until a clear breakout above $11.50 occurs. While the current consolidation near $10.25 and minor bullish signals hint at a shift, confirmation through volume, EMA flips, and a sustained push above the Ichimoku cloud remains essential for any medium-term upside bias.
