Technical Analysis of Trump Coin ($TRUMP)
Current Price:
Approximately $15.85, up by +8.03% over the last 24 hours.
Market Cap:
Approximately $3.17 billion.
Daily Trading Volume:
Approximately $1.82 billion.
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Technical Indicators:
Moving Averages: Price below the 20 and 50-day averages → Continuous selling pressure.
Relative Strength Index (RSI): At 33.83 → Close to oversold → Potential for a rebound.
MACD Indicator: Negative signal on the weekly frame → Downward trend.
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Support and Resistance Areas:
Strong Support: Between $12.00 and $13.00.
Current Resistance: At $15.00; If broken firmly, we may witness a new rise.
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Important Notes:
The coin is affected by political events, such as calls for prominent investors to attend dinner with Trump.
The coin's movements heavily rely on news and publicity, so caution is required due to its high volatility.
