The Official Trump token has experienced a surprising comeback after weeks of bearish momentum. An analyst known as Block Bull on X has been closely tracking the token’s movements, indicating that technical signals now suggest strong bullish potential.
The TRUMP price chart on Binance illustrates a period of quiet accumulation followed by a significant breakout. For an extended period, the Official Trump token was trading below a red dotted trendline, which served as substantial resistance. This trendline has now been breached, and the token is trading around $8.00 with renewed strength.
The chart also reveals an important technical setup taking shape. The price zone near $15.00 has been identified as the next significant target, aligning with the 23.6% Fibonacci retracement level. If the Official Trump price continues to build momentum above $8.00, traders are anticipating a potential 2x increase toward that target zone.
Block Bull emphasized that TRUMP has finally emerged from its prolonged downtrend. This breakout itself signifies a potential shift in market sentiment, suggesting that bullish forces may be regaining dominance after months of sideways price action.
TRUMP Token Momentum Aligns With Global Attention
Global events appear to be contributing to TRUMP's recovery. The news of a meeting between Donald Trump and China's president, following a six-year gap, captured widespread media attention and coincided closely with the token's technical breakout. This confluence of events generated a wave of optimism, merging political headlines with market speculation.
The Official Trump token has a history of reacting strongly to events associated with its namesake, and the recent price action aligns with this pattern. Block Bull's analysis suggests that TRUMP may once again be attracting liquidity and attention from across the broader cryptocurrency market, similar to its performance during previous rallies.
TRUMP Price Targets $15.00 As Bullish Structure Forms
The chart indicates that TRUMP experienced a consolidation phase for several months, trading between $5.00 and $6.00, before its recent surge. A yellow-circled area highlights a previous unsuccessful attempt to break resistance in May, which subsequently led to a prolonged period of decline. However, the current upward movement appears more structured, supported by increased trading volume and stronger technical confirmation.
The next area of significant interest is around $15.00. This level is not only a psychological milestone but also a technical one, reinforced by Fibonacci analysis. If the Official Trump price can sustain its current momentum, it could confirm a trend reversal that many traders have been anticipating.
Block Bull observed that past TRUMP rallies have had a disproportionately large impact on market liquidity, and the current surge shows potential to follow a similar trajectory. The combination of renewed buying pressure and global discussion creates a uniquely charged atmosphere for TRUMP.