TRUMP Coin Rallies: Will It Break the $30 Resistance? #TRUMP #TrumpCrypto

Analysis:

TRUMP ($TRUMP /USDT) is trading at $29.74, posting a solid 11.72% gain over the past 24 hours. Let’s dive into the technical details:

1. Price Action:

The coin hit a 24-hour high of $30.37 before retracing slightly. The current trend is bullish, with the price nearing a critical resistance zone.

2. Bollinger Bands:

TRUMP is testing the upper Bollinger Band at $30.48, signaling potential overbought conditions. A pullback could be on the horizon if buyers lose momentum.

3. Moving Averages:

The 5-period MA ($29.14) is trending upward and supporting the price. However, the 10-period MA ($27.79) indicates that any bearish movement could find temporary support at lower levels.

4. Volume:

Trading volume is strong, with a 24-hour total of 854.52M USDT. The recent buying spree reflects growing interest in the coin.

5. Support & Resistance Levels:

Immediate Resistance: $30.37 (24-hour high).

Critical Support: $26.10 (previous low).

Breaking $30.37 could open doors to higher levels, but failure might lead to consolidation near $28.50.

Conclusion:

TRUMP is riding the bullish wave, but it needs to decisively break the $30.37 resistance to maintain the rally. Traders should watch for potential profit-taking and monitor volume for further confirmation of direction.

Disclaimer:

This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.

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