$TRUMP

The Trump Coin (officially known as $TRUMP) has certainly been making some headlines in the crypto world. Its unique combination of politics and memes has attracted a lot of attention from investors and traders alike, but what exactly makes this cryptocurrency look set to breakout? And will it be able to maintain this momentum?

*Current Market Sentiment*

Trump Coin Price Action Its been a dead end with the coin going stale over the past few weeks. With more social interaction and sentiment on the currency this could indicate a breakout 1. With the coin down between $13. 80 and $15. 20 we are in the middle of looking for a strong turn.

*Technical Analysis*

The technical indicators point to a very mixed picture. The Bollinger Bands show a relatively narrow range with the upper band at $16. 08 and the lower band around $10. 972 (MACD shows early signs of a bullish crossover) while the RSI is hovering in the 51. 13 area which suggests there is still a deadlock in the market.

*Potential Breakout Targets*

If the Trump Coin can continue running up this momentum it might break through resistance at higher levels. If the Trump Coin breaks above $15. 20 prices could break through $16. 00 and if it lasts longer a rally to $18. 00 or higher (2).

*Challenges Ahead*

While there are many upsides to the Trump Coin, it has faced several roadblocks in the past. Regulators are under scrutiny, and there have been accusations of possible conflict of interest. And not to mention the coin’s high ownership concentration and lack of transparency may send investors packing.

*Conclusion*

The Trump Coin’s potential breakout is highly complex and multi-faceted. Technical indicators and market sentiment are pointing to a possible rally. But many regulatory hurdles and concerns around transparency and disproportionate ownership may inhibit further progress. As with all investments, it’s important to act with caution as well as consider the risk/reward equation.