Brothers, Brother Chen will now talk to everyone about the latest market dynamics of TRUMP Coin.

Currently priced at $9.322, it has dropped by 2.84% in the last 24 hours, and the market value has decreased by 7.79% this week, ranking 52nd among cryptocurrencies, looking a bit weak in the short term.

From a technical perspective, it is currently at a critical position. Strong support is at $8.44, which is the lower band of the daily Bollinger Bands and the bottom of the June consolidation range. If it breaks below this, it may accelerate the decline. The resistance level is around $10.75, which is the upper limit of the current consolidation range, and breaking through will require an influx of new capital.

In terms of indicators, the RSI is currently at 31, close to the oversold zone. Selling pressure has recently been released significantly, but buyers have not yet entered strongly. The price is fluctuating near the middle band of the Bollinger Bands, and the bandwidth is narrowing, indicating that a directional choice may be imminent in the short term. Moreover, its momentum is clearly lagging behind mainstream coins, such as ETH, which has risen by 5.03% in the last 24 hours, suggesting that capital seems to be flowing into higher volatility assets.

Finally, for the operational guide, Brother Chen suggests going long around 9.282-9.305, targeting 9.485-9.638. However, it is essential to manage stop losses well, as the market is highly volatile, and being cautious is not a bad thing. #trump