$TRUMP
Here's a more concise technical analysis of the Official Trump (TRUMP) coin as of January 24, 2025:
Current Price: $34.49 USD
24-hour Low: $32.09 USD
24-hour High: $39.16 USD
Support Levels:
$32.09 USD: Immediate support, recent 24-hour low.
$31.00 USD: Key support, 0.786 Fibonacci retracement level.
$26.00 USD: Previous significant support level.
Resistance Levels:
$39.16 USD: Recent 24-hour high.
$42.00 USD: 0.618 Fibonacci retracement level.
$47.40 USD: Potential resistance if price continues to rise.
Technical Indicators:
50-Day SMA: $33.38 USD (near current price, potential support)
200-Day SMA: $33.38 USD (significant long-term support)
14-Day RSI: 50% Bullish, 50% Bearish (balanced market sentiment)
Short-term Outlook:
Resistance at $39.16 USD: Possible breakout could lead to $42.00 USD.
Support at $32.09 USD and $31.00 USD: Potential buy opportunities on dips.
Long-term Outlook:
Mid-term: Likely consolidation between $31.00 USD and $42.00 USD.
Long-term: Growth potential with resistance at $47.40 USD and beyond.
Sentiment Analysis:
Neutral with Slight Bullish Bias: Balanced indicators suggest cautious market approach.
Trading Strategy:
Short-term: Watch for breakouts above $39.16 USD or dips to $32.09 USD for buying opportunities.
Long-term: Consider holding positions, adding on dips to $31.00 USD.
Risk Management:
Stop-loss Levels: Short-term around $32.00 USD, long-term around $26.00 USD to mitigate downside risk.
