Technical Analysis of Trump Coin (TRUMP) – Update May 1, 2025
---
🧾 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 Capitalization: $2.58 billion
Daily Trading Volume: $1.05 billion
All-Time High: $77.70 in January 2025
52-Week Low: $7.15
---
📊 Technical Analysis
Overall 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 could indicate 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 area, which may indicate a near-term rebound opportunity.
MACD Indicator: Shows a negative crossover, supporting the negative outlook in the short term.
---
📰 Influential Events
Call for Coin Holders: Entities associated with the TRUMP coin announced an invitation for the top 220 holders of the coin to attend a special dinner with President Trump on May 22, resulting in a 60% price increase after the announcement.
