Crypto analyst Master Ananda is incredibly bullish on TRUMP coin, predicting a massive price surge to $79 – a new all-time high (ATH). He’s using the Elliott Wave Theory to support his forecast.
The Road to $79
According to Ananda, TRUMP coin will hit $79 during “Wave 5” of the Elliott Wave structure. This wave, he says, will be followed by a correction, creating a higher low before another big price jump. This upward trend will ultimately lead to the $79.35 ATH target.
Currently, Ananda believes the coin is already forming this higher low, paving the way for a climb to a higher high. He anticipates smooth sailing up to $25.35, with no significant resistance expected. However, he cautions that a retracement (price drop) is likely after hitting $25.35, similar to what happened after April 26th. This retracement will, in turn, create another higher low, fueling further upward momentum.
Following this retracement, the coin is projected to reach $34.61 before its final push to $79. Ananda emphasizes that markets don’t move perfectly; patience is key. He advises holding the coin rather than trying to time the market by buying and selling at each predicted target. He also mentions broader targets of $25, $34, and $43 as part of the overall bullish trend. These will be surpassed before a larger correction (Wave 4) sets in, followed by the final push to $79 (Wave 5).
What Happens After the ATH?
Ananda acknowledges that a bear market (a prolonged price decline) will eventually follow the $79 ATH. However, he believes this bear market will be short and mild compared to the 2022 downturn, describing it as “fast and small.” He sees the broader crypto market, including TRUMP coin, experiencing a decade of growth. His advice? Focus on long-term growth and accumulate TRUMP coin now, as he believes the current price is a low point that won’t last.
At the time of writing, TRUMP coin is trading around $14.30, showing a 3% increase over the past 24 hours.