$TRUMP Nears Its Historical Low — Could the November Dinner Trigger a 15% Rebound?
Official Trump is approaching a critical technical area while another major event is now roughly one month away.
The exclusive Gala Dinner for the top 185 TRUMP holders is scheduled for November 22, potentially bringing renewed speculative attention to the token as the event approaches.
However, fundamental risks remain.
Around 80% of the total 1B token supply was allocated to project-linked entities, with these holdings subject to a multi-year unlocking schedule. Future unlocks therefore remain an important supply risk to monitor.
Technical Analysis
On the 4-hour timeframe, TRUMP is gradually approaching the Support Zone ($1.36-$1.56), its historical low area, and the important $1.60 trading level.
From a classical technical perspective, price also appears to be developing inside a Falling Wedge Pattern.
A confirmed breakout above the upper trendline could become an important early signal that the bearish structure is weakening.
There are also two encouraging signs:
Positive divergence between consecutive lows
Declining selling volume
Both suggest that bearish momentum may gradually be losing strength.
I expect TRUMP to potentially react from the Cumulative Long Liquidation Leverage ($1.58-$1.66) and attempt a bullish move of at least 15%.
If the recovery develops successfully, the key $1.92 trading level will become the next major test.
A confirmed breakout above $1.92 could significantly improve the bullish structure and increase the probability of further upside.
For now, the combination of historical support, liquidity, Falling Wedge, and bullish divergence makes this an important area to watch.
What comes first for TRUMP?
🟢 15%+ rebound and breakout toward $1.92
🔴 Break below the historical Support Zone
#TRUMP
Official Trump is approaching a critical technical area while another major event is now roughly one month away.
The exclusive Gala Dinner for the top 185 TRUMP holders is scheduled for November 22, potentially bringing renewed speculative attention to the token as the event approaches.
However, fundamental risks remain.
Around 80% of the total 1B token supply was allocated to project-linked entities, with these holdings subject to a multi-year unlocking schedule. Future unlocks therefore remain an important supply risk to monitor.
Technical Analysis
On the 4-hour timeframe, TRUMP is gradually approaching the Support Zone ($1.36-$1.56), its historical low area, and the important $1.60 trading level.
From a classical technical perspective, price also appears to be developing inside a Falling Wedge Pattern.
A confirmed breakout above the upper trendline could become an important early signal that the bearish structure is weakening.
There are also two encouraging signs:
Positive divergence between consecutive lows
Declining selling volume
Both suggest that bearish momentum may gradually be losing strength.
I expect TRUMP to potentially react from the Cumulative Long Liquidation Leverage ($1.58-$1.66) and attempt a bullish move of at least 15%.
If the recovery develops successfully, the key $1.92 trading level will become the next major test.
A confirmed breakout above $1.92 could significantly improve the bullish structure and increase the probability of further upside.
For now, the combination of historical support, liquidity, Falling Wedge, and bullish divergence makes this an important area to watch.
What comes first for TRUMP?
🟢 15%+ rebound and breakout toward $1.92
🔴 Break below the historical Support Zone
#TRUMP