Key takeaways:
TRUMP confirms a falling wedge breakout, targeting a 70% rally toward $13 by 2026.
Issuer’s Republic.com deal talks and $200 million buyback plan strengthen bullish fundamentals.
Official Trump ( TRUMP ), a Solana-based memecoin associated with US President Donald Trump, is staging a sharp comeback after collapsing by 90% earlier this year.
The meme token has rebounded by more than 450% from its October low of $1.50 to trade above $8.30 on Thursday, and technical and fundamental signals now indicate another 70% rally by year’s end.
Falling wedge breakout points to big rally ahead
TRUMP appears to have confirmed a bullish breakout from its months-long falling wedge pattern, a classic reversal structure that often precedes strong trend shifts.
The surge above the wedge’s upper trendline in late October was backed by a spike in trading volume, suggesting renewed market participation after months of decline.
TRUMP’s price could rise toward $13, a technical upside target measured upon adding the wedge’s maximum height to the breakout point, by the year’s end. That implies roughly a 70% upside from current levels.
The target aligns with price projections shared by analyst TrentyyX , who expects a full 100% recovery toward the prior horizontal resistance area around $16.50.
A decisive close above the 50-day EMA (~$8.82) would likely confirm bullish continuation, while failure to hold this level may delay the rally and invite a retest of the wedge’s upper boundary near $6.50 as support.
TRUMP issuer’s back-to-back announcements
Confidence in TRUMP’s bullish revival has strengthened following two major updates from its issuer, Fight Fight Fight.
On Oct. 30, the company reportedly entered advanced talks to acquire the US operations of Republic.com, a major crowdfunding platform with over 3,000 fundraising rounds.
Related: How the Trump family turned crypto into an $800M gold rush
The deal could enable Republic users to transact using TRUMP tokens, transforming the memecoin from a purely speculative asset into one with real-world utility.
A week later, reports surfaced that Fight Fight Fight plans to raise a $200 million digital-asset treasury to buy back TRUMP tokens, reducing supply and reinforcing scarcity.
Together, these developments strengthen the fundamental backdrop for TRUMP, supporting the bullish wedge breakout outlook highlighted by technical indicators.
