The Official TRUMP cryptocurrency (TRUMP), a prominent memecoin on the Solana platform, has experienced significant fluctuations in the past 24 hours. The value of TRUMP has decreased by about 5.7%, trading around $13.24, with a trading volume of $1.14 billion USD and a market capitalization of approximately $2.65 billion USD.
📈 Technical analysis: Neutral signal with a short-term downtrend
• Resistance close to: $15.62
• Strong support: $10.28
• RSI Indicator (14): Around 45, indicating a neutral state
• MACD: The MACD line crosses below the signal line, confirming a short-term downtrend
• Overall signal overview: Combined technical analysis shows a strong sell signal, with 13 moving average indicators recommending sell and 5 oscillators signaling sell.
📊 Futures trading strategy in the next 24 hours
Scenario 1 – Buy (Long) when the price holds support
• Entry zone: $12.80 – $13.00
• Take profit (TP): $14.50 – $15.00
• Stop loss (SL): $12.00
• Suggested leverage: 3x – 5x
• Note: Only enter trades when clear reversal signals appear and trading volume increases.
Scenario 2 – Sell (Short) if the price breaks support
• Enter when: Price drops sharply below $12.00 with high trading volume
• Take profit (TP): $10.50 – $11.00
• Stop loss (SL): $13.00
• Suggested leverage: 3x – 5x
• Note: It is important to closely monitor technical indicators and market news to adjust strategies accordingly.
📰 Notable news in the past 24 hours
• Large movement from internal wallets: A wallet believed to be linked to the TRUMP development team transferred approximately $20 million USD worth of TRUMP to centralized exchanges, raising concerns about increasing selling pressure.
• Special event: A major investor has proposed spending $5 million USD to attend dinner with former President Donald Trump, boosting interest in TRUMP and contributing to the recent price surge.
• Warning about the upcoming token unlock: In July, a large amount of TRUMP tokens is expected to be unlocked, which could exert strong selling pressure and negatively impact the value of this coin.
📌 Conclusion
Official TRUMP (TRUMP) is undergoing a period of strong volatility with mixed technical factors and news. Investors need to be cautious, closely monitor technical indicators and market news to make reasonable trading decisions. Risk management and adherence to trading strategies are essential in the current context.
Note: This article is not investment advice. Investors should conduct their own research and carefully consider before making decisions.