- The token has formed a reversal structure and is bouncing strongly near the $10 price level today.
- Chart patterns show a possible breakout wave forming with a path that could lead to $70 in June.
- Price action holds above $9.50 which supports a bullish continuation from the recent wave correction.
TRUMP is trading at $10.99 with signs of a bullish wave structure forming after a multi-month corrective downtrend. The 1-day chart shows a potential Elliott Wave reversal pattern that could spark a breakout toward $70 if key levels hold. A bullish trajectory remains possible if price maintains support above $9.50.
Multi-Wave Correction May Have Ended as Impulse Builds
From January to late March, the token experienced five distinct downward impulse waves, ending in a low around $6.40. The sequence is marked clearly on the chart with corrective and impulse moves labeled through each wave cycle. This structure is consistent with traditional Elliott Wave theory for bearish phases.
Between April and early May, the chart reflects a possible ABC correction following a first impulse wave up. Wave (5) peaked at around $12.40 before the corrective phase began. That pullback has brought the token back into the $10–$11 region, where previous support was found.
Volume indicators show significant interest returning near the $10.00 area. Several bullish candlesticks on high volume suggest that the retracement may be over. If Wave C holds its position above $9.50, then the groundwork may be in place for the next impulse upward.
Key Fibonacci Levels Provide Structural Support
The current pullback retraced near the 0.5 and 0.618 Fibonacci levels drawn from the recent rally. The 0.618 level aligns with $9.98, which has shown buying activity in recent days. The retracement depth is considered healthy for continuation if prices stay above this range.
The Fibonacci confluence supports a broader recovery setup. The 0.382 level is located near $10.65 and could act as a short-term resistance before upside continuation. If prices begin to close above this level on strong volume, the bulls may regain control.
Indicators such as RSI and stochastic momentum show values trending upward from oversold zones. This reflects improving short-term sentiment. On the stochastic oscillator, a bullish crossover is in progress, reinforcing the recovery narrative as the token stays above its EMA cloud.
Could TRUMPUSDT Reach $70 by June?
A projected upward wave trajectory indicates a possible rally to $70 by mid-June if bullish momentum sustains. The arrow drawn on the chart suggests a measured move that aligns with historical price action and projected Fibonacci extensions. Previous resistance zones near $25 and $46 could be intermediate checkpoints.
The chart presents a possible bullish Elliott Wave extension, with Wave (1) complete and Wave (2) currently forming. If this setup confirms, then Wave (3) could be the largest, potentially pushing the token to multi-month highs. Traders will be monitoring $12.40 closely as the first major breakout trigger.
Volume, RSI, and wave structure all align for a possible breakout if support at $9.50 holds. The current price consolidation may be the final shakeout before trend reversal. With upside targets stretching toward $70, the question remains: will buyers return in time to drive the next impulse?
