Based on the current price of $TRUMP, which is 14.52 USD:
Technical analysis of $TRUMP
1. Support and Resistance:
Near Support:
13.80 USD (previous strong buying area)
12.40 USD (medium support, has bounced from it several times)
Near Resistance:
14.80 – 15.00 USD (psychological and technical barrier, the price was rejected at it previously)
16.40 USD (previous breakout level, and potential target after surpassing 15)
2. Artistic Style:
Currently, a rising triangle pattern is forming on the 4-hour and 1-day timeframe.
Breaking 15.00 USD with solid volume could lead to a price explosion towards 18 – 20 USD.
The moving averages (MA20 and MA50) indicate a positive crossover, reinforcing the bullish outlook in the short term.
1. Political Factors:
Direct association with the name 'Trump' and his family, including shares owned by them.
Political support may continue as the 2024–2025 presidential election season approaches.
Trump's statements or media appearances related to the currency immediately affect the price.
2. Distribution and Ownership:
80% of the currency is owned by entities linked to the Trump family.
This large positioning represents a risk of monopoly/sudden sale (dump risk).
3. Media Activity:
Promotions like 'Dinner invitation for the largest holders' temporarily raise the price.
But these stimuli are temporary and not sustainable in the long term.
Sentiment Analysis
Meme coin investors: they act out of rapid speculation.
Media and political entry: creates waves of intense interest.
Public division: between supporters of Trump and opponents, adding volatility.
Strengths:
Strong media and political connection.
Good trading volume and ongoing activity.
Potential for strong short-term rallies.
Weaknesses and Risks:
There is no real technical project behind the currency.
Ownership is concentrated in the hands of a few (risk of sudden selling).
Political interference may lead to legal or regulatory intervention.
Summary:
$TRUMP is primarily a speculative currency and may be profitable in the short term for active traders.
Holding it long-term is not recommended except for a small portion of the portfolio due to high risks.
A clear break above 15.00 USD will push to test levels of 17–20, but failure there could bring the price back to 13.00 or lower.
Ideal buying points for $TRUMP based on current technical analysis:
Buy Zones:
1. The first area (quick speculative entry):
Price: 13.80 – 14.00 USD
Reason: Strong horizontal support + previous bounces
2. The second area (safe entry after confirming the breakout):
Price: after a clear break of the 15.00 USD level (e.g., buying at 15.20 – 15.40)
Target: 17.00 then 20.00
Reason: Confirmation of a rising triangle pattern + acceleration of buying momentum
3. Reserve Area (in case of a strong sudden drop):
Price: 12.40 – 12.60 USD
Reason: Previous major support, potential bounce at it
Advice:
Use strict capital management.
Do not enter with the full liquidity all at once.
Monitor political news related to Trump.