TRUMP Price Holds Key Support as 90% Rally Setup Emerges

Official Trump (TRUMP) has dropped by over 40% from its local high of $3.682. Still, the Donald Trump-backed memecoin is holding above a critical weekly support that could lead to another major bull run.

Signs of Bullish Rejection Appears Around 20-Week EMA

TRUMP’s 170% rally last week took its price above the 20-week exponential moving average (20-week EMA, the green wave in the chart below), currently hovering around $2.21.

The 20-week EMA acted as a major ceiling throughout TRUMP’s 98% crash since January 2025.

Now, bulls are trying to turn that same level into support. The lower wicks on the current weekly candle show buyers repeatedly stepping in whenever TRUMP falls below the EMA.

A rebound from the EMA increases the odds of TRUMP rising toward the 0.238 Fibonacci retracement line near $2.855, up merely 7% from current prices.

A decisive rebound, coupled with high trading volumes, could send the price testing the 0.382 Fib line and the 50-week EMA (red) as next upside targets. Those levels are around the $3.771–$4.49 range, providing TRUMP a clear 90% potential upside in the coming months.

Breaking below the 20-week EMA support risks invalidating the entire bullish setup, instead raising TRUMP’s odds of falling toward $1.375, a level aligning with its 0.0 Fib line.

Falling Wedge Breakout Boosts TRUMP’s Upside Odds

TRUMP’s upside odds are increasing also because of the formation of a falling wedge pattern.

For the unversed: A falling wedge forms when the price trends inside a descending channel range, confirmed by two converging trendlines. It typically resolves when the price breaks above the upper trendline and rises by as much as the wedge’s maximum height when measured from the breakout point.

Applying the same breakout thesis on TRUMP’s four-hour chart brings its measured upside target to around $2.96. That’s up 25% from the current price levels.