TRUMPomania - 3 variants of possibly Bulls RallyCrypto markets have been rocked by the launch of an "official" Donald Trump memecoin this weekend—with traders braced for more mayhem this coming week.
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The price of the "official" Trump memecoin has surged since its Friday evening launch, breaking into the crypto top 20 by market capitalization and hitting an eye-watering $14 billion.
Now, as leaks reveal Trump is readying a flurry of crypto-focused executive orders, Trump's wife Melania has launched her own rival cryptocurrency—tanking the price of Trump's coin.
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TRUMPUSDT
ELONUSDT Trade LogBought some ELON, took the leap,
A moonshot dream, in charts so deep.
To the stars, it’s set to fly,
Hold tight, let the profits rise high.
Through the dips, I’ll stand my ground,
With each new wave, more gains are found.
In the space where rockets zoom,
ELON’s the ticket, to break the gloom.
Price Analytics: $TRUMP's Potential Correction and Future RallyPossible Rebranding of an Existing Token: A Strategic Collaboration with the President
The recent announcement of the MEXC:TRUMPUSDT cryptocurrency has ignited discussions about its origin and its sudden rise to fame. Market data suggests that $TRUMP might not be entirely new but a rebranded version of an existing token. Historical price charts from exchanges like Gate.io and MEXC reveal trading activity for a $TRUMP-named token as far back as March 2024, long before the President’s public endorsement.
Rebranding an existing token in collaboration with a high-profile figure like the President offers several advantages:
Instant Market Hype: Association with a well-known personality generates massive publicity, attracting retail and institutional investors.
Enhanced Trust and Legitimacy: A presidential collaboration can shift market perception, making the token appear more credible.
Reviving Dormant Projects: Tokens with limited traction can leverage rebranding to reignite interest and trading activity.
If the MEXC:TRUMPUSDT token is indeed a rebranded project, its association with the President has proven successful, as evidenced by its meteoric rise in value to $72 shortly after the announcement.
Current Analysis:
The MEXC:TRUMPUSDT token is currently trading at $72, experiencing a surge due to its high-profile launch. However, considering historical data and market patterns, a price correction to the $37–$40 range is likely. This range aligns with the previous all-time high (ATH) of $37–$38 recorded on March 5, 2024.
Short-Term Projection:
If the token revisits its previous ATH, this retesting could act as a strong support level. Historically, price corrections to significant levels often precede larger upward movements, as they confirm market confidence in these levels.
Long-Term Projection:
Assuming the token completes the #5 Wave of the Elliott Wave cycle, it could potentially surpass the $100 mark. The Elliott Wave theory suggests that the fifth wave is often driven by strong market sentiment and euphoria, fueled by both technical and fundamental catalysts.
Conclusion:
While the MEXC:TRUMPUSDT token's current momentum is undeniable, investors should anticipate a near-term correction to $37–$40 before a rally beyond $100. This projection combines historical data, technical analysis, and the hype surrounding its rebranding and presidential collaboration. However, as with any volatile asset, investors should exercise caution and conduct thorough due diligence.
TRUMP/USDT NEW DAY INCREASETRUMP/USDT NEW INCREASE DAY TRADE
The study shows that Morpho has a good chance to break in the coming time for this reason a follow.
We choose the coins not based on what we expect or think but on what the data shows as having the highest chance of increasing. And then it will still be unexpected market. There are no guarantees in markets.
The market whispers only to those who listen. TRUMPThe market whispers only to those who listen. Today’s setup tells a story of resilience and growth. 📈 Buy now and hold steady; success is earned by those who master patience and conviction. Let's trade not just with charts, but with a mindset of growth and discipline.
DYOR.
Yours truly,
Hedonist
TRUMP Coins : HIGH RISK !MEXC:BABYTRUMPUSDT MEXC:STRUMPUSDT BITMEX:BTRUMPT BITMART:TRUMPUSDT
Trump coins recently surged as Kamala Harris said she would appoint SEC Chair Gary Gensler as Treasury Secretary if she wins. To be perfectly clear, this post is NOT aimed at showing preference to either party - but rather taking a look at where trump-related altcoins could go next after the surge.
1) MAGAUSDT
📢Verdict - SHORT
👉Bearish M-Pattern after a 77% increase:
2) TRUMPUSDT
📢Verdict - UNDECISIVE
👉 Price playing sideways after a 62% increase:
3) BTRUMPTUSDT
📢Verdict - SHORT
👉 Price making lower highs and lower lowers after a 127% increase:
4) STRUMPUSDT
📢Verdict - SHORT
👉 Price in strong downtrend after a 64% increase:
5) BABYTRUMPUSDT
📢Verdict - SHORT
👉 Clear Top-Out, watch out for losing trendline:
Considering these are all MEME COINS - trade with extreme caution since they are very high risk trades.
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Make MEME Great Again ---- TRUMPAfter the approval of the ETH ETF, market’s attention will turn to monetary policy and the election in November. Over the weekend, former US President and 2024 Republican presidential candidate Donald Trump stated in his speech that he would accept crypto donations, and If he succeeds in becoming president, he will promote the development of crypto and BTC in the United States, and oppose CBDC. This is historic. Trump is the first candidate to express his support for crypto, in stark contrast to his main challenger Joe Biden.
In this context, meme coin TRUMP has gained market attention. Although there is no evidence that the TRUMP token in Trump’s crypto wallet was actively purchased by him. But for meme coins, interesting concepts and hooking up with celebrities are the conditions for pumping, and TRUMP did it. There are still 6 months left before the US election. TRUMP and the meme coin with the concept of election will become the focus of the market at this stage. Donald Trump may even be elected as the next president because of this historic decision.
We can see that with the rise in recent days, TRUMP has risen above the high point at the time of listing on exchanges, and the trading volume has gradually increased. It can be seen from the TSB indicator that after TSB prompted a BUY signal on May 23, TRUMP began a new round of rise. The columns are currently well above the wavy zone and the uptrend is healthy. Meme coins are suitable for our indicators.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.