$TRUMP
Based on the chart provided for TRUMP/USDT, the coin is currently exhibiting strong bullish momentum. Here’s a detailed analysis:
Key Bullish Indicators:
1. Price Surge:
• The price has increased to $17.27, marking a +4.67% gain.
• The 24-hour high reached $17.32, showing strong upward momentum.
2. Technical Indicators:
• Moving Averages: The short-term moving averages (MA 7, MA 25) are trending upwards, indicating a bullish crossover.
• Relative Strength Index (RSI):
• RSI (6): 94.55 (Extremely overbought, indicating strong momentum).
• RSI (12): 85.02 (Still in overbought territory, but shows strength).
• Volume Spike: The volume has surged significantly, confirming strong buying pressure.
3. Breakout Confirmation:
• The price has broken past resistance levels, leading to a strong rally.
• If buying pressure continues, the coin could test the $20 resistance level soon.
Expected Target: $25+
Given the bullish momentum, breakout strength, and buying volume, the next major resistance is around $20. Once that is broken, $25 becomes a realistic target in the short term, provided the momentum sustains.
However, traders should watch for potential pullbacks and RSI cooling down, as high RSI levels may indicate temporary corrections before the next leg up.
