Explore why the Trump coin price has surged and why some crypto pundits expect it to surge by over 400% to its all-time high.
The Trump Coin price formed a God candle on Friday as crypto investors bought the dip. It surged to its highest point this month, a price action that mirrored that of other Solana meme coins like Popcat and Dogwifhat. So, can the TRUMP price surge to its all-time high as some crypto pundits predict?
Trump Coin Price Surges as Pundits Eye ATH
Some crypto pundits believe that the Trump coin price may have bottomed, a move that may push it to a record high. A surge from the current $20 to $100 would signal a near 400% surge.
In an X post, Rafaela Rigo, a popular crypto analyst with over $151k followers, noted that the coin holding above $19.40 would point to further gains to a record high.
Another crypto pundit pointed to more smart money inflows into the coin as a bullish catalyst. He expects Donald Trump’s World Liberty Financial to start buying the coin. His Trump Media has also said that it will start a crypto strategic reserve, which could involve acquiring TRUMP tokens.
Meanwhile, Rose Premium Signals delivered a Trump Coin price forecast with a $51 target, citing the falling wedge pattern. She said:
“TRUMP has successfully bounced from the accumulation zone after forming a falling wedge pattern. This breakout suggests strong bullish momentum, indicating a potential move towards key resistance levels.”
On-chain data shows that investors are buying the Trump meme coin. Two traders bought tokens worth over $10 million in the last 24 hours. 2 of them opened orders and two others bought tokens worth over $1 million.
Trump Coin Price Analysis
The hourly chart shows that the Trump meme coin price has rebounded recently. It retested the crucial resistance at $20.6 on Friday. This was a notable level since it was the upper side of the cup and handle pattern, a popular continuation sign. It was also along the 38.2% Fibonacci Retracement level.
The depth of this cup is about 32%. Therefore, a clear break above that price will see it jump to $27. This notable price coincides with the 78.6% retracement point at $27. Such a rebound will happen if Solana meme coins continue rebounding and if Bitcoin rises above $100,000.
A drop below the support at $17.85, the highest swing on February 9 will invalidate the bullish Official Trump price prediction.