$TRUMP Rally Hits Pause as Sellers Step In ❗
$TRUMP exploded to a 24h high of $8.71, showing strong bullish momentum, but has since cooled off and is now consolidating around $8.38, still up +8.97% on the day. The rally paused after hitting local resistance, with some short-term traders locking in profits.
The EMA structure is still bullish overall:
• EMA(7): $8.33
• EMA(25): $8.17
• EMA(99): $7.95
Volume remains elevated but is starting to taper off, and the RSI indicators across 6/12/24 periods are all above 59–61, hinting at a potential cooldown or sideways chop if momentum doesn’t return quickly.
If bulls can defend the $8.00–$8.17 range, this could just be a healthy retrace before the next leg up. But a break below $8.00 might open the door for a dip back to $7.80–$7.65 support.
To confirm bullish continuation, a strong push back above $8.50 with rising volume is key. Stay alert — $TRUMP is moving fast, and the next breakout or breakdown could be right around the corner.
