The $TRUMP coin has experienced significant volatility recently, with its price dropping from a high of $77 to approximately $12.91. Currently, it's trading at $13.85, reflecting a 4.63% increase over the past 24 hours.
Key Levels to Watch:
Resistance: $13.50 – A breakout above this level could lead to targets of $14.00 and $14.50.
Support: $12.60 – If this level is breached, the next downside targets are $12.00 and $11.50.
Trade Setup:
Long Entry: Consider entering above $13.10, #Targe ting $13.50 and $14.00.
Short Entry: Consider entering below $12.60, with downside targets at $12.00 and $11.50.
Stop Loss: $12.80 for long trades, $13.20 for short trades.
Market Insights:
MACD: Momentum is slowing, indicating potential consolidation.
Parabolic SAR: Suggests the trend is weakening.
Volume: Buying interest remains but is decreasing.
The $TRUMP coin needs to reclaim $13.50 for a bullish continuation. A break below $12.60 could trigger further declines. Monitor these levels closely to assess whether this is a temporary retracement or a deeper correction.
Additionally, the broader cryptocurrency market has faced downturns due to economic concerns and recent tariff announcements by President Trump. Bitcoin, for instance, has dropped below $90,000 amid these uncertainties.