Let's pay attention on Trump
Technical Analysis
1. Recent Price Action
Current Price: $11.19
24h High: $12.81
24h Low: $10.35
Recent Peak: Around $13.34
Recent Dip: Sharp drop to $10.35 followed by a slight recovery to $11.19
2. Volume Spike
A significant volume spike occurred at the time of the crash to $10.35, suggesting panic selling or large liquidation.
The recovery volume is lower, indicating weaker buyer momentum.
3. Candlestick Patterns
After the sharp decline, a small recovery with consolidation is seen.
The bounce from $10.35 to $11.19 shows buyers stepping in, but there's no clear bullish engulfing pattern or strong reversal signal yet.
4. Moving Averages (MA)
MA(5): 319,795
MA(10): 227,780
The 5-period MA is above the 10-period MA, suggesting short-term strength, but this may lag the recent crash.
Prediction: Near-Term Trend
Given:
The sharp drop (likely news-driven or due to whale movement/liquidations),
Modest recovery with declining volume,
No strong bullish reversal signals yet,
Near-term trend is likely to be sideways to slightly bearish, unless:
Strong volume returns with bullish candles above $11.50
Price reclaims and holds above $12.00 to retest recent highs.