Market Overview:

Current Price: $12.36

24h Change: +32.19% — very strong bullish momentum overall today.

24h Range: $9.13 - $16.17 — huge volatility.

Volume: $1.16B (USDT) / 90.24M (TRUMP) — significant trading activity.

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EMA Status:

EMA(7): 12.38 (yellow)

EMA(25): 12.40 (magenta)

EMA(99): 12.37 (purple)

The price is slightly below all EMAs, indicating short-term bearish pressure despite the overall bullish day.

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Candlestick Structure:

Recent candles show a sharp sell-off from ~$12.42 area to a low near $12.25, followed by a minor recovery.

A hammer-like candle formed at the bottom suggests a potential bounce.

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Key Levels:

Resistance: $12.42 (short-term), $12.58 (swing high).

Support: $12.25, followed by $12.18.

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Potential Strategy:

Bullish Case:

If price reclaims $12.40 (EMA25) with strong volume, could trigger a bounce back toward $12.58.

Look for confirmation with a bullish engulfing candle or break above EMA cluster.

Bearish Case:

If price fails to break $12.40 and starts to roll over, watch for a retest of $12.25 or even $12.18.

A break below $12.18 could lead to more downside despite the strong 24h trend.