$TRUMP Rejection Strikes at $16.17! Bulls Pause, But Is It Over Yet❓After an explosive rally that pushed $TRUMP to a new high of $16.17, the price is now pulling back and showing early signs of exhaustion. It’s currently trading around $12.98, still up 40% on the day but the rejection wick on the hourly chart is a warning shot.
Key Observations: • 24H High: $16.17
• 24H Low: $9.13
• Current Pullback Level: $12.98
• Volume: A whopping 77.86M #TRUMP traded showing heavy hands at play
Market Insight:
This looks like a classic blow-off top, where price spikes aggressively before facing strong seller pressure. The candle structure suggests hesitation, but momentum isn't dead yet. If bulls defend the $12.50–$13.00 zone, another breakout attempt toward $15+ is still possible.
What to Watch Next: • Support to Hold: $12.50
• Bounce Trigger: Break and hold above $13.30
• Bearish Signal: Drop below $12.00 could drag price back toward $11.20
This isn’t the end it’s a reset. #TRUMP remains in the spotlight, and the next move could come just as fast. Watch the volume. Watch the wick. Watch the bounce.