In a world where the sun rises and sets on the whims of market trends, the TRUMP memecoin has found a glimmer of hope in the form of a new listing on SUN.io, a beacon of liquidity in the vast TRON ecosystem. After months of wandering in the desert of downtrends, this little coin might finally catch a breeze of bullish momentum.
- The TRUMP memecoin, once a shining star, now trades on the prestigious SUN.io, the top decentralized exchange in the TRON universe.
- Since its glorious ascent to $16.44 in April, the token has taken a nosedive, plummeting over 40% to its current altitude of about $9.44. 😢
- Trapped within a descending channel, TRUMP has been on a downward journey, a path well-trodden since April’s peak.
- However, a ray of light appeared on June 22 when a possible bottom formed at $8.25, followed by two higher highs and a pullback that held the channel’s midpoint, like a stubborn donkey refusing to budge. 🐴
- A confirmed breakout above the channel could propel TRUMP to new heights, potentially targeting $20, a dream as lofty as the aspirations of its namesake. 🚀
The Official Trump (TRUMP) memecoin has finally made landfall on SUN.io, the flagship DeFi trading platform of the TRON ecosystem. This new listing might just be the lifeline TRUMP needs, as it continues to navigate the treacherous waters of a descending channel that has defined its price action since April’s zenith at $16.44. Since then, the token has lost over 40% of its value, currently trading around $9.44.
A brief rally in mid-July failed to breach the channel’s upper resistance near $11.50–$12, leading to a retreat below $10. Yet, the token managed to touch the upper Bollinger Band and close above the upper trendline of the channel for the first time since late April. This suggests a growing bullish momentum and hints at a possible reversal or breakout. 🌟
TRUMP memecoin price prediction
Notably, the recent pullback halted at the midpoint of the descending channel instead of its lower boundary, following two higher highs from the tentative bottom at $8.30 on June 22. This pattern may signal a shift toward a more bullish structure, indicating that selling pressure is waning.
While it’s premature to declare a full reversal, these technical developments, coupled with the fresh listing on SUN.io, could foster a change in sentiment. If TRUMP can sustain higher lows and harness the momentum from increased exposure and liquidity on SUN.io, a breakout above the channel’s upper resistance might be on the horizon. Based on the measured move from the channel, a successful breakout could aim for an upside target around $20, a goal as ambitious as the dreams of those who believe in the power of memes and listings. 🎉
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2025-07-31 13:51