by Coinstrooper Crypto Articles
Quick Take
  • Algorithmic trader LegionTrading also revealed that TRUMP is showing bullish divergence on the 1-week chart.
  • The Stoch RSI is in oversold territory and crossing upward within a bullish falling wedge, which is a strong indicator to buy the dip.
  • On the technical front, the TRUMP/USDT daily chart shows a strong bullish breakout from a descending channel that has contained price action since mid-July.
  • This breakout suggests a potential end to the downtrend and the start of a short- to medium-term reversal phase.

What Happened

The Trump family-backed firm, co-founded by Eric and Donald Trump Jr., revealed it had acquired 1,414 BTC worth more than $160 million, a move that has brought back bullish sentiment around the TRUMP memecoin.

$TRUMP rallied to a one-month high of $8.06 after the announcement, pushing its market capitalization to $1.36 billion and surpassing popular rivals such as PENGU, BONK, SPX, and FLOKI.

TRUMP memecoin’s resurgence is bringing investors’ attention back to the memecoin ecosystem, and new launches still in the presale stage are presenting good buying opportunities now.

One hot project investors are pouring money into is Pepenode ($PEPENODE), which has already raised $1.96 million.

Gameplay generates additional $PEPENODE tokens that players can reinvest to enhance current nodes or expand their mining capacity.

Early investors can also stake their $PEPENODE holdings to earn over 650% APY, positioning it among the top-yielding staking opportunities available today.

Market Context

The Official Trump Price Prediction points to renewed optimism in the memecoin market after TRUMP surged over 20% on Monday, following a major Bitcoin purchase by American Bitcoin (ABTC).

Currently trading near $6.82, the token’s resurgence has the market buzzing over whether it could hit the $10 mark next and potentially revisit highs around $35.

Algorithmic trader LegionTrading also revealed that TRUMP is showing bullish divergence on the 1-week chart.

Trump Price Prediction: Bullish Wedge Points to 104% Gains

On the technical front, the TRUMP/USDT daily chart shows a strong bullish breakout from a descending channel that has contained price action since mid-July.

If price sustains above the upper boundary and confirms the breakout with volume, TRUMP could rally toward that target in the coming weeks.

Why It Matters

Crypto chart analyst shared a setup indicating that the $TRUMP memecoin is now getting ready for a consolidation breakout that could successfully send it toward $15.

This breakout suggests a potential end to the downtrend and the start of a short- to medium-term reversal phase.

However, failure to hold above $7 may trigger a retest of the breakout zone near $6 before resuming its upward trajectory.

Details

Analysts Say TRUMP Is Going To $10 Next

Adding to the momentum, LunarCrush data shows that social engagement surrounding $TRUMP has soared, recording over 5.9 million in social activity in the past week.

The Stoch RSI is in oversold territory and crossing upward within a bullish falling wedge, which is a strong indicator to buy the dip.

After several weeks of consolidation near the lower boundary, buyers stepped in aggressively, pushing the token up by over 18% in a single day to reclaim the $7.40 level.

The projection based on the height of the channel points to an upside target of around $15, representing an estimated 104% gain from current levels.

Overall, momentum favors bulls, with the next key resistance near $10.

Pepenode Hits $1.96M Presale with 650% Staking APY—Worth the Hype?

Pepenode combines Pepe meme culture with a gamified Mine-to-Earn model, allowing users to build and expand their own virtual mining operations through an interactive blockchain game.

To participate, users buy $PEPENODE tokens, which grant access to meme nodes, the core components of their mining infrastructure.