Official Trump (TRUMP) To Soar Higher? Key Breakout Signals Potential Upside Move

Bitget

News

CoinsProbe2025/11/06 10:39

By:Nilesh Hembade

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Date: Thu, Nov 06, 2025 | 07:40 AM GMT

The cryptocurrency market is showing slight upside momentum today as both Bitcoin (BTC) and Ethereum (ETH) trade over 1% higher, opening the door for strong moves across major memecoins — including Official Trump (TRUMP).

TRUMP has surged by an impressive 14%, and more importantly, its latest chart structure suggests that a larger bullish move may be developing, driven by a classic breakout-and-retest pattern often seen before major trend expansions.

Official Trump (TRUMP) To Soar Higher? Key Breakout Signals Potential Upside Move image 0

Source: Coinmarketcap

Descending Broadening Wedge Retest

As shown in the daily chart, TRUMP had been consolidating for months inside a descending broadening wedge — a bullish reversal pattern known for appearing near the end of extended downtrends.

Recently, TRUMP broke above the wedge’s descending resistance line near $7.26, confirming a clean breakout. That move triggered a rally toward a local high of $8.68, where sellers stepped in and took profits, cooling short-term momentum.

The token then pulled back for a healthy retest of the breakout level — a move that strengthens the validity of the trend shift. TRUMP successfully retested the breakout trendline near $6.85 and has since bounced back, now trading around $8.03 after reclaiming its 50-day moving average ($7.14).

Official Trump (TRUMP) To Soar Higher? Key Breakout Signals Potential Upside Move image 1

Official Trump (TRUMP) Daily Chart/Coinsprobe (Source: Tradingview)

Reclaiming the 50-day MA is an encouraging signal, as it often acts as dynamic support during early trend reversals.

What’s Next for TRUMP?

If TRUMP continues to hold its bullish structure, the next key levels to watch are the recent local high at $8.68, where a reclaim would confirm renewed upside momentum, followed by the 200-day moving average at $9.48, which stands as the next major resistance.

Beyond that, the broader breakout projection points toward $13.58, the measured move target of the descending broadening wedge — representing a potential 67% upside from current levels if the pattern fully plays out.

On the other hand, failure to defend the breakout tremldine could see the token fall back inside the wedge structure, invalidating the breakout and potentially delaying any major bullish momentum.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.

华尔街见闻•2026/11/12 03:56

The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners

If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.

The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.

华尔街见闻•2026/11/12 03:46

After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends

Morgan Stanley still maintains its most optimistic "Overweight" rating, but has lowered its year-end 2027 target price from $31 to $25.

智通财经•2026/11/12 03:42

After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends

Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%

For Corning, the recent profit growth mainly comes from the expansion of AI clusters. As the number of optical links crossing cabinets and campuses increases, customers need to deploy more optical fibers within limited conduit and cabinet space, thus driving demand for high-density optical cables and connection systems.

智通财经•2026/11/12 02:47