💡 Quick technical analysis:
✅ Strong rebound! After dropping to $12.16, the currency has seen a strong rise to now reach $13.45, which is an increase of more than 10% in a short period – clear buying interest!
✅ RSI in the overbought zone (82.67)! The momentum is very strong, but caution is needed for any potential correction – however, positive momentum is still dominant.
✅ MACD shows a positive crossover! The upward momentum is increasing, supporting the likelihood of continued upward movement.
✅ Volume is doubling! Notable increase in trading volume confirms the credibility of the upward movement – liquidity is flowing strongly.
🚀 Expected scenario:
If the price breaks the resistance of $13.80, we might see the currency quickly return to levels of $14.50 and then $15.24 in the short term! However, if it pulls back, the $13.00 area could form initial support followed by $12.60 as a strong support area.
🔥 Is TRUMP ready to make the next surprise?!
With the significant interest in meme coins during this period, and with strong momentum as we see now, the opportunity could be promising – but risk management is essential!
📢 My opinion: A good opportunity for quick profits for traders, but I advise taking gradual profits if resistance is broken, and placing a stop-loss below $12.60 to reduce risks.
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