The TRUMP memecoin has secured a new listing on SUN.io, offering a potential catalyst as the token shows early signs of a bullish shift after months of downtrend.
Summary
- TRUMP memecoin is now available for trading on SUN.io, the top DEX in the TRON ecosystem.
- The token has dropped over 40% since peaking at $16.44 in April, currently trading near $9.44.
- TRUMP remains within a descending channel that has defined price action since the April high.
- A possible bottom formed at $8.25 on June 22, followed by two higher highs and a pullback that held the channel’s midpoint.
- A confirmed breakout above the channel could target $20 based on the descending channel’s measured move.
Official Trump (TRUMP) memecoin has just landed a listing on SUN.io, the TRON ecosystem’s flagship DeFi trading platform.
The listing provides TRUMP with a much-needed boost as the memecoin continues to trade within a descending channel that defined its price action since the April rally had topped out at $16.44. Since that peak, the token has pluned by over 40%, currently trading around $9.44.
A recent rally in mid-July was unable to break above the channel’s upper resistance near $11.50–$12, resulting in a pullback to below $10. However, the token briefly pierced the upper Bollinger Band at the touch of the upper trendline of the channel, closing above it for the first time since the late April peak. This suggests growing bullish momentum and raises the possibility of an upcoming reversal or breakout.
TRUMP memecoin price prediction
It’s also worth noting that the latest pullback stopped at the middle of the descending channel rather than its lower boundary and followed two higher highs from the tentative bottom at $8.30 on June 22. This pattern indicates a potential shift toward a more bullish structure, suggesting that selling pressure may be easing.
While it’s still too early to confirm a full reversal, these technical developments—combined with the fresh listing on SUN.io—could support a shift in sentiment. If the token can maintain higher lows and gather momentum from increased exposure and liquidity on SUN.io, a breakout above the channel’s upper resistance could come into view. Based on the measured move from the channel, a successful breakout may open the door to a potential upside target around $20.
