Technical Analysis of Trump Coin (TRUMP) – Update May 1, 2025
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🧾 Price and Performance Overview
Current Price: Approximately $12.89
Daily Change: Decrease of 2.17% over the past 24 hours
Weekly Change: Increase of 28.33%
Market Cap: $2.58 billion
Daily Trading Volume: $1.05 billion
All-Time High: $77.70 in January 2025
52-Week Low: $7.15
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📊 Technical Analysis
General Trend: The coin has been trading within a downward channel since its peak in January, but it has recently shown signs of stability within a horizontal support range between $9.20 and $11.80, which may indicate the beginning of a potential reversal in trend.
Moving Averages: Most moving averages indicate sell signals, suggesting continued selling pressure in the short term.
Technical Indicators:
Relative Strength Index (RSI): Approaching the oversold territory, which may indicate a near-term rebound opportunity.
MACD: Shows a negative crossover, supporting the negative outlook in the short term.
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📰 Influential Events
Call for Coin Holders: Entities associated with TRUMP coin announced an invitation for the top 220 coin holders to attend a private dinner with President Trump on May 22, resulting in a 60% price increase following the announcement.
