TRUMP Token Rallied by 6,695% at Its Peak, But AMBCrypto's Analysis Shows Consolidation Ahead

TRUMP has seen a series of successive rallies with minimal retracement – A move that defies typical market behavior.

TRUMP Price Analysis: Key Takeaways

At its peak, TRUMP soared by 6,695%, pushing its market cap to $12.52 billion on the charts.

However, AMBCrypto’s analysis revealed that the token may soon see a short-term pullback or consolidation, before resuming its upward trajectory.

Consolidation ahead for TRUMP

TRUMP has seen a series of successive rallies with minimal retracement – A move that defies typical market behavior. On the charts, TRUMP seemed to be facing a potential drop from its press time price level as it struggled to break through the resistance at $13.83. This pullback could lead to a period of consolidation as the token stabilizes around lower levels.

If a drop occurs, the Fibonacci retracement levels highlighted several potential support zones which could act as springboards for a price rebound. Most notably, the $10.035-level, marked in green on the chart, stands out as a key support zone. This level, representing a 50% retracement from its press time levels, could play a major role in determining TRUMP’s next move.

This downward trend appears likely, especially as trading volume declined steadily—From a peak of $76.982 million to its press time value of $27.354 million—indicating fading momentum behind the recent rally.

After a period of decline and consolidation, during which buyers can be expected to re-enter the market, TRUMP could resume its upward trajectory. This can help the token hit new highs.