The TRUMP cryptocurrency price has broken out of a falling wedge pattern on the daily chart, signaling a shift to bullish momentum. The breakout comes after months of consolidation, marked by increased buying activity. Analysts attribute this surge to expanding DeFi applications and growing institutional interest. 24-hour volume suggests strong buyer confidence, with price currently hovering near key support at $7.32. This level could act as a springboard for further price growth as the resistance zone sits around $7.93. The market is optimistic about sustained bullish movement.
The breaking of the falling wedge pattern on the daily chart is a significant technical shift, indicating a potential structural reversal in the near term. Technical analysts are currently watching closely to see if momentum can extend beyond initial breakout levels and whether trading volume remains strong.