#Trump

#BinanceAlphaAlert #MarketLiquidation #TraderProfile #XRPBullishOrBearish?

Here's a technical analysis of TRUMP/USDT based on the chart:

Trend Analysis

Current Price: $16.29

24H High/Low: $17.90 / $15.09

Recent High: $17.90

Recent Low: $14.46

The price recently had a strong upward movement, reaching $17.90 before retracing.

A correction is ongoing, with support near $15.80 (MA 99) and resistance near $16.56.

Moving Averages (MA)

MA(7): 16.31 (Short-term trend)

MA(25): 16.39 (Medium-term trend)

MA(99): 15.98 (Long-term trend)

The price is fluctuating between the MA(7) and MA(99), showing a possible consolidation phase.

Support & Resistance

Support Levels: $15.80 (MA 99), $14.46 (Recent Low)

Resistance Levels: $16.56, $17.90 (Recent High)

If the price holds above $15.80, a bullish continuation is possible.

Volume Analysis

24H Volume: 33.26M TRUMP / 551.72M USDT

Spike in volume during the recent rally to $17.90, followed by declining volume during correction.

If volume picks up near support, an upward breakout is likely.

Momentum & Outlook

The short-term trend is slightly bearish after the recent pullback.

If the price holds above $15.80 and reclaims $16.56, a push toward $17.90 is possible.

A break below $15.80 could see a retest of $14.46.

Conclusion:

Bullish scenario: A breakout above $16.56 with strong volume could lead to retesting $17.90.

Bearish scenario: A drop below $15.80 might lead to further downside toward $14.46.