1. Price movement and volatility:
- Current price: Ranges between $15.54 (up 12.43%) and $15.68 USDT (up 10.79%).
- Daily range: The highest point reached $16.383, and the lowest level was $13.23, reflecting sharp fluctuations of approximately 23% during the day.
- Market capitalization: Estimated at around $3.11 billion, with a daily trading volume of approximately $2.80 billion.
2. Factors affecting performance:
- Liquidity and demand: The volume of purchases ($1.1 billion) exceeded sales ($850 million), indicating buying pressure that contributed to the rise.
- Political events: Although there were no direct events in the past 24 hours, expectations related to Trump’s crypto-friendly policies may be a motivating factor.
- High volatility: The currency is classified with volatility exceeding 24%, attracting speculators but increasing risks.
3. Compared to historical performance:
- Short-term gains: The currency has risen approximately 60% over the past week, but it is still far from its historical peak ($75.35 in January 2025).
4. Technical indicators analysis:
- Oscillators: Indicate a 'neutral' state with a balance between selling and buying forces, despite a slight buying tendency in the short term.
- Moving averages: Reflect a temporary upward trend, but need to break the resistance of $16.38 to confirm continuity.
5. Immediate forecasts:
- Support and resistance: Strong support at $13.23, and resistance at $16.38.
- Possible scenarios:
- In case of breaking resistance: It may target $18-20 with increased confidence.
- In case of a pullback: It may retreat towards $12-13 if selling pressure increases.
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Summary:
The Trump coin has seen a significant rise in the past 24 hours supported by high liquidity and political expectations, but its sharp volatility and classification as a 'meme coin' make it a high-risk investment. Traders are advised to closely monitor technical indicators and events related to Trump.
