Trump Coin (TRUMP) is preparing to breakout as price action tightens beneath a key resistance zone.

Technical structure and trend indicators suggest a rally may soon be triggered from a bullish triangle pattern.

Trump Coin (TRUMP) has been forming a strong bullish foundation in recent weeks, as buyers consistently step in to defend higher lows. The token is now approaching a major resistance level at $16.40, a zone that has capped price growth for several months.

However, with market structure compressing into a pennant formation and technical indicators aligning, a decisive breakout could unlock a significant upside move, potentially reaching as high as $24.12.

Key technical points to note:

On higher time frames, Trump Coin is forming a textbook ascending triangle, marked by converging higher lows and a flat resistance zone at $16.40.

The price has consistently respected the 0.618 Fibonacci retracement level on each pullback, which in turn has catalyzed each new leg of the uptrend. This repeated reaction to a key Fibonacci level not only showcases precision in market behavior but also hints at disciplined buying activity.

As the token nears the apex of the pattern and enters the flex zone, we can expect to see a decisive move in the coming days. The longer price spends within this region, the more energy builds for a potential explosive breakout.

Furthermore, the VWAP and 200-day moving average are sloping upward beneath the price, providing additional confluence for the bullish case.

Volume will be particularly critical in determining the direction of the upcoming move. Without strong and sustained buy-side volume, any breakout may simply be a fakeout.

However, if volume accelerates commensurately with a clean breach of the $16.40 resistance, it could trigger a rapid move toward $24.12, presenting a potential 42% gain from current levels.

What to expect in the coming price action:

Trump Coin is currently coiling at a major resistance level, and the technical structure suggests that an upside breakout is more likely.

A high-volume push above $16.40 would signal a decisive shift in momentum and likely spur a swift rally toward the $24 region.

With volume and technical indicators setting the stage for heightened volatility, traders can expect interesting price swings in the days ahead.output: Trump Coin (TRUMP) has been forming a strong bullish foundation in recent weeks, as buyers consistently step in to defend higher lows. The token is now approaching a major resistance level at $16.40, a zone that has capped price growth for several months.

However, with market structure compressing into a pennant formation and technical indicators aligning, a decisive breakout could unlock a significant upside move, potentially reaching as high as $24.12.

Key technical points to note:On higher time frames, Trump Coin is forming a textbook ascending triangle, marked by converging higher lows and a flat resistance zone at $16.40. The price has consistently respected the 0.618 Fibonacci retracement level on each pullback, which in turn has catalyzed each new leg of the uptrend. This repeated reaction to a key Fibonacci level not only showcases precision in market behavior but also hints at disciplined buying activity.

As the token nears the apex of the pattern and enters the flex zone, we can expect to see a decisive move in the coming days. The longer price spends within this region, the more energy builds for a potential explosive breakout.

Furthermore, the VWAP and 200-day moving average are sloping upward beneath the price, providing additional confluence for the bullish case.

Volume will be particularly critical in determining the direction of the upcoming move. Without strong and sustained buy-side volume, any breakout may simply be a fakeout.

However, if volume accelerates commensurately with a clean breach of the $16.40 resistance, it could trigger a rapid move toward $24.12, presenting a potential 42% gain from current levels.

What to expect in the coming price action:Trump Coin is currently coiling at a major resistance level, and the technical structure favors an upside breakout. A high-volume push above $16.40 would signal a decisive shift in momentum and likely spur a swift rally toward the $24 region.

With volume and technical indicators setting the stage for heightened volatility, traders can expect interesting price swings in the days ahead.