$TRUMP Corrected After Significant Pump
After experiencing a drastic increase from $8.22 to $16.17 (almost a 100% rise in just a few hours), the TRUMP memecoin is starting to show signs of weakening. Currently, this memecoin is consolidating in the area of $11.97 with a fairly healthy volume correction.
Here are some technical notes to consider:
- EMA Breakdown Alert: The price has now broken down from EMA 13 ($12.29) and EMA 21 ($11.99), this is an early warning signal that short-term momentum is starting to fade. However, EMA 99 ($9.87) is still far below, so the larger structure remains bullish.
- Stochastic K/D has entered the oversold area, with K = 17.12 and D = 22.26. This could be the beginning of a small reversal if there is a volume trigger coming in again.
- MACD has begun to print red bars, and the DIF line has crossed below the DEA — a signal that the short-term bullish trend has lost momentum.
- RSI (6) has fallen to 39.11, indicating that it has started to enter the undervalued area. But you need a new catalyst (e.g., campaign news or a bustling meme coin market) to validate a bounce.
Current price action shows distribution after quite extreme euphoria. So it’s advisable to wait for confirmation of a reversal or accumulation of volume before taking a specific position.
⚠️ Disclaimer
This is not financial advice. DYOR. The TRUMP coin falls into the category of memecoins, which have relatively high risks and are heavily influenced by social sentiment and external market news.
Anyway, here I include my Outlook for TRUMP memecoin ➡️ $TRUMP
