Donald Trump’s Official Memecoin Could Pop 40% Following Latest Endorsement

TRUMP, the official memecoin associated with President Donald Trump, maybe on the verge of a significant breakout. A combination of bullish technical signals and fresh endorsements from Trump himself suggests the coin could rally by as much as 40% in the coming months.

$TRUMP is “Greatest of Them All”

In a recent post on Truth Social, Donald Trump referred to his namesake token as “the Greatest of them all,” reviving interest in the memecoin after weeks of consolidation.

The comment had immediate effects: TRUMP’s market capitalization surged by nearly $400 million, showcasing the former president’s power over digital assets.

Launched in mid-January 2025, just before his second inauguration, $TRUMP reached a market cap of as high as $14 billion before experiencing heavy selloffs. The endorsement is pivotal as the coin attempts to reverse its multi-week downtrend.

A Falling Wedge Breakout Underway

On the 12-hour chart, TRUMPUSDT is breaking out of a falling wedge pattern — a formation characterized by converging lower highs and lower lows, typically signaling a reversal to the upside.

Here’s what the chart shows:

• Support and Resistance Lines: Price action has been squeezed between two downward-sloping trendlines, forming the wedge.
• Breakout Confirmation: The recent move above the wedge resistance and the 50-day EMA (~$12.55) confirms the breakout.
• Volume: Breakouts with rising volume (currently ~$112.22M) add further conviction.
• RSI: The 12-hour RSI has pushed above 55, suggesting momentum is shifting bullish.

The measured move from the wedge’s widest point projects a breakout target around $17, a 40% gain from the current price near $12. Given Trump’s recent promotional push, the rally could materialize before or around June 2025, especially if broader market conditions remain risk-on.

Trump’s growing embrace of crypto extends beyond the memecoin. He has vowed to make the US the “undisputed Bitcoin superpower” and recently signed an executive order supporting digital asset innovation. However, not everyone applauds his involvement in crypto markets.

Is $TRUMP Memecoin a Scam?

Critics argue the $TRUMP coin blurs ethical lines, especially when promoted by a sitting president. Some watchdogs warn it may attract foreign manipulation or be used as a speculative pump-and-dump vehicle.

Outlets like AP News and Wired have highlighted concerns that the token blurs the line between political power and private gain. Their coverage has focused on the risks of retail investor exploitation, with some journalists calling it “political profiteering masked as financial innovation.”