320 WYATT
--
Bullish
$TRUMP
🚨 Official Trump Price Breakout Signals An Upward Trajectory 🚨
The recent price action of the TRUMP price has confirmed a falling wedge breakout, a classically bullish pattern.
After a significant rally in late April, TRUMP entered a corrective phase, forming a series of lower highs and lower lows within converging trendlines. This formed a falling wedge, a structure often interpreted as a continuation or reversal signal depending on the context.
The Official Trump price broke above the wedge’s upper resistance with strong bullish momentum, backed by a large green candle and increased volatility.
This breakout was particularly significant because it coincided with TRUMP climbing above both the 50 Simple Moving Average (SMA) on the 4-hour chart at $11.86 and the 200-day ($10.21), a dual signal of trend strength. The current price of Official Trump at $12.09 confirms the breakout and implies a possible continuation of the prior bullish trend, as GeckoTerminal data shows.
Meanwhile, the Relative Strength Index (RSI) stands at 64.19, which reflects solid bullish momentum without yet entering overbought conditions (above 70). This leaves room for further upward movement.
The Moving Average Convergence Divergence (MACD) has also turned bullish with the blue MACD line (0.17) crossing above the signal line (-0.14) and the histogram is showing positive momentum.
Falling wedge breakouts typically aim for a measured move equal to the wedge’s height. In this case, the projected target lies in the $14.50 to $16.00 range.
#trump #Binance320 #Trendingissue #mr320 #Trendingcoin320
🚨 Official Trump Price Breakout Signals An Upward Trajectory 🚨
The recent price action of the TRUMP price has confirmed a falling wedge breakout, a classically bullish pattern.
After a significant rally in late April, TRUMP entered a corrective phase, forming a series of lower highs and lower lows within converging trendlines. This formed a falling wedge, a structure often interpreted as a continuation or reversal signal depending on the context.
The Official Trump price broke above the wedge’s upper resistance with strong bullish momentum, backed by a large green candle and increased volatility.
This breakout was particularly significant because it coincided with TRUMP climbing above both the 50 Simple Moving Average (SMA) on the 4-hour chart at $11.86 and the 200-day ($10.21), a dual signal of trend strength. The current price of Official Trump at $12.09 confirms the breakout and implies a possible continuation of the prior bullish trend, as GeckoTerminal data shows.
Meanwhile, the Relative Strength Index (RSI) stands at 64.19, which reflects solid bullish momentum without yet entering overbought conditions (above 70). This leaves room for further upward movement.
The Moving Average Convergence Divergence (MACD) has also turned bullish with the blue MACD line (0.17) crossing above the signal line (-0.14) and the histogram is showing positive momentum.
Falling wedge breakouts typically aim for a measured move equal to the wedge’s height. In this case, the projected target lies in the $14.50 to $16.00 range.
#trump #Binance320 #Trendingissue #mr320 #Trendingcoin320
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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