Analysis date: May 7, 2025
Price at publication: $10.74
Today's highest price: $11.25
Today's lowest price: $10.66
Daily change percentage: +0.7%
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📢 The most important news:
U.S. President Donald Trump announced a special dinner on May 22 for the top 220 holders of $TRUMP currency, resulting in a 50% increase in the currency's price after the announcement.
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📊 Technical analysis:
Current support: $10.00
Next resistance: $11.50
RSI (Relative Strength Index): At 58 – indicates moderate positive momentum
MACD: Clear bullish crossover on the daily timeframe
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✅ Positive factors and opportunities:
Strong momentum driven by positive news: Optimism about the special dinner boosts demand for #TRUMP
Increase in trading volume: Clear rise in volume indicates growing interest from investors.
Positive expectations: Some analysts expect continued upward movement if current resistance is broken.
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⚠️ Risks:
Overbought: RSI indicates a potential price correction soon.
Market fluctuations: The market may experience fluctuations that affect the price of the currency.
Strong resistance levels: The $11.50 level may pose a barrier to continued upward movement.
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📌 My personal opinion:
$TRUMP currency shows strong momentum, but caution is needed regarding overbought conditions.
For speculators: Opportunity to enter with a stop-loss below $10.00.
For investors: Waiting for confirmation of breaking resistance at $11.50 may be safer.
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