$TRUMP
🚨 TRUMP Price Analysis: Bullish Breakout Confirmed 🚨
The daily chart analysis reflects a bullish structure similar to what was presented on the 4-hour timeframe. As seen from the image below, TRUMP’s price appears to have broken out of a bull flag with its rise above $12.
In addition, the Relative Strength Index (RSI) has recovered from its brief drop below the neutral midpoint. This change in position indicates bullish momentum that could keep TRUMP’s price rising.
Like the RSI, the green line of the Supertrend is below the price, indicating strong support for the token. If these indicators hold these positions or improve on them, then TRUMP’s price could retest the 0.786 Fibonacci level at $16.17.
Before the month ends, if buying pressure increases, this target could be higher. In that case, the memecoin could climb to the 0.618 Fibonacci level near $23.24.
On the flip side, a drop below the lower trendline of the bull flag on the daily chart could invalidate this thesis.
It could also be true if TRUMP falls below the support line of the descending triangle on the 4-hour chart. If that were to happen, TRUMP’s price might decline below $10.