(quick and objective reading) (like, follow, comment, share).
(Disclaimer: This is not a purchase recommendation or financial advice.) Don't buy memecoin!
The memecoin $TRUMP has been attracting attention from around the world, but can this crypto really surpass Dogecoin?
Donald Trump, the central figure in this narrative, has always had a competitive and aggressive personality in business.
In the past, he faced bankruptcies and financial crises, but he managed to turn things around and regain his empire.
His book The Art of the Deal teaches that the world is a contest between the strong and the weak, and that only those who know how to play win.
Will this philosophy be applied to this memecoin, taking it to the top of the memecoin rankings?
Will Trump, as a competitor as he is, settle for being behind PEPE, SHIBA and DOGECOIN?
The future is uncertain.
📊 Analysis on the 15-minute chart:
The TRUMP/USDT memecoin has seen strong volatility in the last few hours. The price fell from 26.62 to 18.55, but found support in that region and began an attempt to recover.
Currently, the asset is in the 21.00 range, with a slight increase of +8.43% in the period.
🔹 📉 General Trend: The movement is still bearish in the medium term, but there are signs of a reaction in the short term.
🔹 📈 Moving Averages: 5- and 10-period EMAs are starting to align upwards, suggesting a possible reversal. However, the 30-period EMA remains above the price, indicating resistance.
🔹 📊 Bollinger Bands: Price touched the lower band and reacted. Now, it is close to the average of the bands, which may indicate a consolidation phase.
🔹 📌 RSI (14): At 57.19, it shows that the asset has left the oversold territory and may seek a balance zone.
🔹 📉 MACD: Small bullish crossover forming, indicating a slight increase in buying strength.
🔹 📢 Volume: Volume has increased in the last few candles, which may signal buying interest in the support region.
🔎 Points of attention:
📌 Critical support: 18.55 – Region where there was a strong buying reaction.
📌 Resistances to be overcome: 21.36 - 22.94 – Important rejection zone in the short term.
The market remains speculative and volatile, requiring extra attention to price and liquidity movements.
