$TRUMP Will It Rise?

Signs of Recovery:

The holding of 28.00 support and lower selling volume suggests the possibility of short-term recovery.

For a significant rise, the price needs to break 28.90 and sustain above it.

Risks:

If 28.00 breaks, the next potential drop could target 27.50–27.00.

Price Movement:

The price is currently at 28.28, showing slight recovery from the recent low of 28.00.

This indicates the market may be attempting to stabilize after the drop.

Support and Resistance:

Support Level: The key support at 28.00 is holding for now.

Resistance Level: Immediate resistance lies at 28.39, followed by 28.90.

Volume:

There is decreased selling volume compared to the previous red candle.

This could indicate a weakening of bearish pressure.

MACD:

MACD is still bearish (DIF: -0.34, DEA: -0.23) and in the negative zone.

No crossover yet, but the histogram shows some signs of stabilization, which could suggest the bearish momentum is slowing.

Parabolic SAR:

The dots are still above the price, indicating the overall trend is bearish.

A reversal would require the price to rise above 28.90 for the SAR to flip.

Recommendation:

For Buyers:

Consider entering cautiously if the price holds above 28.00 with increased volume.

A safer entry is above 28.90 after confirmation of a bullish breakout.

For Sellers:

Watch for a failure to break 28.39–28.90; if resistance holds, it may be a good exit point.$SOL #JUPBuybacks #Tramptoken #Binance ##TrumpMarketInsightsyour f