TRUMP Token's Bullish Momentum Gains – Is $35 the Next Target?

Official Trump has surged by 12% in the last 24 hours. Trading volume also jumped by 14.36%. The token recently broke through the $28 resistance level. However, the $30 mark may still pose a challenge. Bitcoin has remained steady, but the memecoin market has faced struggles. Now, the key question is whether TRUMP can continue its upward movement and reach $35.

Accumulation Signals and Potential for Breakout

Over the past two days, TRUMP has traded within a narrow range of $24.58 to $31.37. This comes after a significant drop from $74. Despite the pullback, the current consolidation seems promising for bullish traders. 

The On-Balance Volume (OBV) has been rising, indicating a surge in buying interest. A bullish crossover on the Awesome Oscillator further confirms positive momentum. However, traders may need to wait for a few more days of range-bound price action.

Traders looking for a breakout should be cautious. The $32.3 resistance level is crucial, as it marks a key lower high. A close above this level could flip the market into a bullish trend.

Resistance Levels and Market Outlook

Liquidation heatmaps highlight key resistance zones at $30.77, $32.42, and $35.7. Bears will likely push back at these levels. With the current bullish momentum, TRUMP could test $30.77 soon, possibly reaching $32.42. 

The 24-hour liquidation heatmap suggests TRUMP will likely move towards $30.7 in the coming hours. Traders already holding long positions might want to lock in profits at these levels.

With Bitcoin showing short-term strength, TRUMP may rally to $35, aiming for liquidity before returning to the range. Swing traders should be cautious and manage risk carefully.