$TRUMP /USDT: Strong Momentum or Overheated Rally? 10$ Next ?🚀

The TRUMP/USDT pair is currently trading at $8.48, showing an impressive +11.29% gain in the last session. A sharp breakout brought the price to a high of $8.71, but signs of exhaustion are beginning to appear on the 1H chart.

Technical Overview (1H Chart):

1. Price Action:

Sharp upward movement from $7.60 to $8.71.

Price is now stabilizing below resistance, suggesting either consolidation or the start of a pullback.

2. RSI (6):

At 85.72, well into overbought territory.

Historically, this level suggests a temporary pause or correction may be ahead.

3. MACD:

Still bullish, with the MACD line above the signal line.

However, the histogram is flattening, indicating a potential slowdown in momentum.

4. Volume:

Volume spiked on the breakout but has slightly decreased on the latest candles.

A continuation requires renewed buying interest; otherwise, a retracement could follow.

Key Price Levels:

Resistance: $8.71 (recent high)

Support Range: $8.26 – $8.00 (prior base of breakout)

Short-Term Outlook:

A breakout above $8.71 with solid volume could push the price toward the $9.00–$9.20 range.

Failure to break resistance may lead to a pullback to $8.00–$7.85 before the next move.

Trade here 👉 $TRUMP

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