The Official Trump (TRUMP) memecoin is trading at around $13.95 USDT on the bright side of a recent low. The 24-hour trading range starts from $12.25 to $14.95 and the volume is very large from above $ 462 million USDT.
š Technical Overview
Current Price: $13.95 USDT
24-Hour Change: +10.87%
24-Hour High: $14.95
24-Hour Low: $12.25
Trading Volume: Over $462 million USDT
š Technical Indicators
Moving Averages: The market price is currently around key-moving averages. A consistent above these averages may be a bullish trend continuation.
Relative Strength Index (RSI): The RSI is edging toward overbought ground, which is indicative of high, but also conservative buying pressure.
MACD: The MACD line is over the signal line ā confirming the bullish momentum.
š Market Sentiment
The price spike means that investors are returning to the market chief reason being generalized optimism of the market and speculative trade. However, the memecoin nature of TRUMP means that it is volatile by nature, certain traders should exercise caution.
ā Conclusion
TRUMP /USDT is a developing trend strongly bullish, with all technical indicators confirming deep potential for upward movement. Key resistance and support levels should be watched in order for traders to be in a position to observe breakout, or breakdown, situations.