Altcoins on the Move š ā Official Trump, Pump.fun & Zcash Extend Their Comeback
The Official Trump token breaks its downward channel and targets $10.
Returning to $0.005000, Pump.fun approaches a small resistance trendline.
Zcash's comeback pushes for a record high as MACD becomes positive.
Over the last 24 hours, altcoins like Official Trump (TRUMP), Pump.fun (PUMP), and Zcash (ZEC) have outpaced the cryptocurrency market with double-digit increases. TRUMP wants to prolong its breakout rise, while PUMP and ZEC want to breach above resistances.
Official Trump token seeks $10.
The Official Trump token climbs over 2% at press time on Thursday, extending Wednesday's 15% gains. The official Trump meme currency comes out of a falling channel pattern on the daily chart and targets $8.973 as the R1 Pivot Point.
TRUMP will see resistance at the 200-day EMA at $9.913 and the R2 Pivot Point at $10.577 if it breaks this level.
When the MACD crosses above the zero line and the signal line follows, bullish momentum increases.
The overbought Relative Strength Index (RSI) at 71 suggests strong buying pressure. Bearish reversals occur when RSI above 80, indicating unsustainable purchasing power.
Pump.fun recovery confronts crucial resistance trendline
Pump.fun maintains its 13% rise from Wednesday over $0.005200 on Thursday. Launchpad token is approaching a small resistance trendline at $0.005835, created by linking the September 14 and 18 peaks.
A break over this level might lead to a rally to $0.008871, the R1 Pivot Point.
PUMP might hit the 50-day EMA at $0.004816 if it reverses from $0.005835.
After recovering, Zcash aims to top $400.
Zcash trades over $350 at press time on Thursday after rising 11% the day before. The privacy cryptocurrency strives for its Monday record high of $374 near the 4-hour chart's overhead rising resistance trendline at $390.
ZEC might recover above $400 to the R2 Pivot Point at $436 if it breaks $390.
If ZEC falls below $350, it might reach the 50-period EMA around $304.
#TRUMP #PUMP #ZCASH $TRUMP $PUMP $ZEC
