Knowing the levels of resistance and support โ
๐ Current Price
๐ Price: $13.02
๐ Change over 24 hours: -3.85%
๐ฐ Market Value: Approximately $2.64 billion
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๐ Technical Overview ๐ฅ
๐น Key Support: $12.50
๐น Strong Resistance: $14.00
๐น Overall Trend: Bearish ๐ with a possibility of a rebound soon!
๐ก MACD: Shows negative convergence, indicating continued selling pressure.
๐ RSI: In the oversold area, which may lead to a near-term rebound.
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๐ Important Influential News
๐ข Potential New Legislation: Democratic Congressman Sam Leccardo presents a bill targeting cryptocurrencies linked to political figures, such as Trump Coin, aimed at preventing government officials from issuing or sponsoring such currencies.
๐ฅ Cryptocurrency Market Volatility: The cryptocurrency market is experiencing sharp volatility, with significant losses in market value and declines in major currencies like Bitcoin and Ethereum, affecting the performance of other currencies including TRUMP.
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๐ฎ Upcoming Predictions ๐ง
โ Bullish Scenario: A break above $14.00 could push the price towards $15.50.
โ Bearish Scenario: A break below $12.50 could lead to a decline towards $11.00.
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๐ฅ Summary: Is it a buying opportunity? ๐ค TRUMP is going through a corrective phase, but technical indicators suggest a potential rebound soon. This might be a suitable time to enter cautiously, considering market updates and influential news.
**๐ข Your opinion matters! Do you expect TRUMP to rise soon or continue to fall? Share your thoughts! ๐๐**