Will the currency $TRUMP continue to rise or will there be a reversal!!
Here is a preliminary analysis of the current situation:
1. Current price and general context:
Current price: 12.79 USDT
Change percentage over 24 hours: -1.62% (meaning the price has decreased)
Highest price in 24 hours: 13.36
Lowest price in 24 hours: 12.32
2. Moving average MA60:
The gray line represents the moving average of 60 candles (MA60), which is slightly above the current price, indicating that the price is still relatively under downward pressure.
3. Candles and price movement:
There is a clear rebound from the bottom (around 12.32) and the price reached near 12.80, which may indicate an attempt to recover.
However: The price has not exceeded the moving average (MA60), which means the upward trend has not yet been confirmed.
4. Trading volumes (Volume):
There is a significant increase in trading volume in one candle followed by calm, which may indicate the entry of speculators for a short period.
These movements signal instability in the direction.
5. Temporal performance ratios:
Over 30 days: Increase +53.73% (strong)
Over 7 days: +0.47% (relative stability)
Over the day: -1.01% (slight decline)
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Brief technical analysis:
Short-term trend: Neutral to bearish (as long as it does not break MA60 firmly)
Medium-term trend: Bullish (as long as it maintains areas above 12.30)
Technical key: If the price breaks the level of 13.00 - 13.36 firmly with strong trading volume, this supports the continuation of the rise.
However, if it breaks 12.32 again, we may witness a new wave of decline.
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