$TRUMP Let's conduct a technical analysis based on the daily chart of the TRUMP/USDT pair shown in the image:
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📊 Technical Analysis – TRUMP/USDT (1D)
🟢 Current price: $9.19 (+6.00% in the last 24h)
📉 Minimum (24h): $8.50
📈 Maximum (24h): $9.33
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📈 Technical Indicators:
EMA(7): 9.25
EMA(25): 10.12
EMA(99): 12.43
🔸 The 7 and 25-period EMAs are below the 99-period EMA, indicating a bearish trend in the medium/long term. The current price is also below all three EMAs, signaling weakness of the asset.
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🔻 Short-Term Trend:
The chart shows a consistent decline from the $16.44 region to the recent low at $8.29, with brief attempts at recovery. At the moment, there has been a slight reversal, but still not strong enough to change the overall trend.
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🔄 Volume:
The volume is relatively low compared to previous peaks, demonstrating a lack of significant buying strength at the moment.
This may mean that the current upward movement could just be a technical bounce (pullback).
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📉 Moving Averages & Behavior:
The price is struggling to break through the EMA(7), but the EMA(25) acts as strong resistance around $10.12.
For a real reversal to occur, the price needs to:
1. Break $10.12
2. Sustain above the EMA(99) at $12.43
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📌 Important Levels:
Strong support: $8.29 (recent low)
Immediate resistance: $9.33 (maximum of the last 24h)
Key resistance: $10.12 (EMA25)
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📊 Summary of Technical Analysis:
Overall Trend: Bearish (downtrend)
Short term: Possible technical bounce
Indicators: Price below key averages, trend still weak
Volume: Low, no confirmation of reversal
📌 Analysis conducted by AI
Go Trump 💪