Current Price Overview
Price: $17.19 (-0.69%)
24H High: $17.53
24H Low: $16.15
24H Volume (TRUMP): 12.54M
24H Volume (USDT): 210.88M
The price has recently experienced a slight decline of 0.69%, but remains in an uptrend from its recent low of $16.73.
Technical Indicators Analysis
Moving Averages (MA)
MA(7): $17.05
MA(25): $17.00
MA(99): $16.82
The short-term moving averages (7 and 25) are above the long-term MA(99), suggesting a bullish momentum in the short term
Relative Strength Index (RSI)
RSI(6): 69.90
RSI(12): 62.67
RSI(24): 58.22
The RSI(6) is near 70, indicating overbought conditions, which may lead to a short-term pullback. However, the RSI(12) and RSI(24) are in the neutral zone, meaning there is still room for upward movement.
Candlestick Pattern & Trend
The price recently touched $17.36, but faced resistance and dropped slightly.
A higher low at $16.73 suggests a continuation of the uptrend.
Strong buying volume is visible, supporting the upward movement.
Volume Analysis
Volume(5-day MA): 171,944,864
Volume(10-day MA): 132,855,683
The recent volume surge suggests increased interest and participation, which supports the uptrend. However, traders should monitor if volume remains high to sustain the price increase.
Support & Resistance Levels
Support: $16.73 (recent low), $16.50 (psychological level)
Resistance: $17.36 (recent high), $17.50-$17.53 (24h high and strong resistance zone)
If the price breaks above $17.36 and sustains, it could move toward $17.50+. However, if it fails and drops below $17.00, a pullback to $16.73 or lower is possible.
Conclusion & Trade Strategy
Bullish Bias: As long as price stays above $17.00 and volume remains high.
Watch RSI: Since RSI(6) is close to overbought, a minor pullback could happen.
Entry Point: Buying near $17.00-$17.10 with a target of $17.50+.
Stop Loss: Below $16.73 to manage risk.
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