Trump Memecoin Breaks Out as Ceasefire Triggers Bullish Momentum
The Official Trump (TRUMP) memecoin is making headlines once again this time for a technical breakout that could signal a major price surge. Just hours after former U.S. President Donald Trump announced a ceasefire between Israel and Iran, TRUMP jumped above key resistance, setting up a possible 55% rally.
Textbook Bullish Pattern Suggests Rally to $14.49
On June 25, TRUMP’s price action broke out of a falling wedge formation a classic bullish reversal pattern formed by two downward-sloping trendlines converging. This pattern often ends with a breakout above the resistance line, followed by a rally that mirrors the height of the wedge.
TRUMP is now trading above the wedge resistance, with the next price target projected at $14.49 a 55% increase from current levels. The breakout is gaining traction as volume rises, and the daily RSI rebounds from oversold conditions, adding strength to the bullish case.
One key hurdle remains: bulls must reclaim the 200-day EMA around $10.80 to confirm further upside potential.
Geopolitical Calm Sparks Risk-On Sentiment
This bullish move didn’t come out of nowhere. It was sparked by a major macro event, President Trump’s announcement of a temporary ceasefire between Israel and Iran. The move has cooled geopolitical tensions and revived investor appetite for riskier crypto assets, particularly memecoins like TRUMP.
Following the ceasefire announcement on June 23, other memecoins in the Solana ecosystem also soared:
The TRUMP token has consistently shown strong correlation with major Trump-related news. For example, back in April 2025, TRUMP’s price surged 50% after it was revealed that the top 220 holders would be invited to a private dinner with Trump, and the top 25 would get a White House tour.
Now, with Trump taking a prominent role on the world stage again, TRUMP is riding a wave of renewed hype and speculation.
What’s Next for $TRUMP?
If momentum continues and bulls hold support above the former wedge resistance, TRUMP could be on track to test its next resistance near $14.49. However, if the token fails to reclaim the 200-day EMA, traders should watch for short-term consolidation or pullback.
Regardless, with growing political influence and a volatile crypto market hungry for narratives, TRUMP remains one of the most watched memecoins in 2025.
Share this content:
