The TRUMP memecoin has staged a remarkable recovery following a steep decline earlier this year. Since reaching a low of $1.50 in October, the price of the asset has skyrocketed by over 450%, trading above $8.30 in recent days.
Formally, the token has broken above the resistance level identified in a months-long descending wedge pattern, which is considered a bullish reversal signal in technical analysis. This breakout has been corroborated by increased trading volumes, indicating a renewed interest from investors after a prolonged period of declining liquidity.
Given the current technical conditions, analysts project that TRUMP could rise to $13 by the end of 2025. This target is based on the maximum height of the chart pattern added to the breakout point, which presents a potential rally of 70% from current levels.
Some optimistic analysts, including TrentyyX, a well-known crypto figure, project a possible recovery to even higher levels. They estimate that the asset could reach $16.50, the previous resistance zone established early last year.
Fundamental factors are also bolstering confidence in the token. The issuing company, Fight Fight Fight, has announced plans to acquire the US division of Republic. If the deal goes through, users will be able to use TRUMP as a means of payment within the platform's ecosystem. This could impart practical value to the token and extend its utility beyond mere speculative trading.
The shift of the memecoin into a broader payment ecosystem, alongside its potential functional integration, has heightened expectations among some investors for sustained growth. However, as with other assets in this category, increased volatility and short-term dependence on news remain significant risks.
Thus, TRUMP has received positive signals from both technical developments and the issuer's efforts to integrate into real-world infrastructure. If external support continues, achieving an additional 70% by the end of 2025 seems plausible.
