- •Trump memecoin breaks key resistance in falling wedge pattern
- •Analysts eye $13 target, projecting a 70% upside
- •$200M buyback and Republic.com talks fuel bullish momentum
The Trump-themed memecoin is back in the spotlight after breaking out of a falling wedge pattern — a technical setup often seen as a bullish reversal signal. Crypto analysts now forecast a potential rally toward the $13 mark, suggesting a 70% upside if the current trend holds.
This recent breakout has sparked fresh interest in the token, which had seen a period of consolidation and declining volume. The breakout not only reverses weeks of bearish pressure but also signals growing investor confidence, especially with a strong news backdrop supporting the move.
$200M Buyback and Strategic Talks Fuel the Rally
One of the biggest catalysts behind this momentum is talk of a massive $200 million token buyback. While not yet confirmed, such a move would significantly reduce circulating supply, naturally driving prices higher through basic supply-demand mechanics.
In addition, insiders point to ongoing discussions with Republic.com, a platform known for funding and growing crypto and blockchain-based ventures. This development hints at possible institutional involvement or mainstream exposure — both of which could act as long-term bullish drivers.
Analysts believe that if momentum continues and the buyback materializes, reaching the $13 target is plausible. However, they caution that volatility remains a key risk, especially in the meme token space.
What to Watch Next
If the Trump memecoin holds above key breakout levels, it could mark the beginning of a broader uptrend. Technical traders will be eyeing volume confirmation and resistance zones near $10 before aiming for $13. Meanwhile, any formal announcement regarding the buyback or Republic.com deal could act as major catalysts.
Investors are advised to stay alert for updates, but the chart and news combo certainly has many bullish on this politically-charged meme asset.