$TRUMP #Trump:ILOVE$TRUMP #TrendingTopic #TrumpInPump
Technical Analysis of TRUMP/USDT (12h Chart)
Current Price: $11.70
24h Change: -2.66%
24h High/Low: $12.07 / $11.26
Volume (24h):
TRUMP: 16.84M
USDT: 197.28M
1. Price Action & Candlestick Patterns
The price hit a recent low of $9.54 and has since moved back up to $11.70.
There's sideways consolidation happening after a strong decline from the peak of $24.58.
Price is currently hovering around the EMA(7) and EMA(25), suggesting indecision in the market.
2. Moving Averages
EMA(7): 11.40
EMA(25): 11.43
EMA(99): 16.29 (well above current price, indicating a longer-term downtrend)
Price is below EMA(99), confirming bearish bias in the longer term.
However, it's trying to hold above the short-term EMAs.
3. MACD
DIF: -0.13
DEA: -0.27
MACD Histogram: 0.14
Interpretation:
Slight bullish divergence; MACD line is above the signal line, suggesting momentum is trying to turn bullish, but it's still early.
4. RSI & Stochastic RSI
RSI(6): 63.85 (near overbought in short-term but not extreme)
Stochastic RSI: 94.88 (overbought condition)
Interpretation:
The asset is near overbought territory, cautioning for potential pullbacks unless strong buying pressure continues.
5. OBV (On-Balance Volume):
OBV: -3,422,888.01
Suggests weak buying volume compared to the selling pressure in recent times.
6. Support & Resistance Levels
Resistance:
$12.10 (recent high and EMA cluster)
$15.41 (next strong level near EMA(99))
Support:
$11.26 (24h low)
$9.54 (recent bottom and strong support zone)
7. Overall Trend:
Short-term: Neutral to mildly bullish (price stabilizing above key short-term EMAs)
Medium/Long-term: Bearish (price under EMA(99), lower highs since $24.58 peak)
Price Prediction (Short-term: 1-2 weeks)
If price breaks above $12.10, it could rally to $15.00 - $15.50
If it fails to break and falls below $11.26, expect a retest of $9.54
Volume needs to pick up for any significant breakout.
Strategy Suggestion:
Bullish Bias: Buy above $12.10 confirmation with stop at $11.26
Bearish Bias: Short if it
breaks below $11.26 with target near $9.50
Watch for MACD crossover confirmation and RSI movement below 50 for bearish setups.
