CandleFocus Market Veteran Marks Two Regions on TRUMP Meme Coin Chart That Can Set off Price Rebounds
2025-01-20
Author: Content Editor
The TRUMP meme coin has experienced significant price fluctuations since its launch, reaching a peak of $79 before experiencing pullbacks. Market analyst Michaël van de Poppe has identified two key price regions on the TRUMP chart that have triggered price rebounds. The first region, between $57 and $52, saw a sharp bounce to $73 after a 36% increase. However, the launch of the Melania Meme (MELANIA) token caused another pullback, breaking support and leading to steeper declines. The second support region, between $46 and $40, saw a 68% rebound to $64 before losing steam. Van de Poppe suggests that a drop to $25 to $30 and subsequent consolidation within this range may provide an attractive opportunity for investors before a potential recovery. TRUMP is currently trading at $51.6 with a market cap of $10.32 billion.
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