$TRUMP
#TrumpTariffs #BinanceHODLerHAEDAL
There are many of us who cannot analyze properly, this will help a lot for them.
•Current Price & Trend
Current Price: Around $12.79 – $12.81.
24H High / Low: $14.06 / $12.40.
The price has recently seen a sharp decline from $16.44 to the $12.8 range.
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2. Moving Averages (EMA)
EMA 50 (Green): $12.56
EMA 44 (Pink): $12.53
The price is slightly above/below these EMAs, showing a potential short-term consolidation or reversal point.
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3. Recent Price Action
Strong Surge to $16.44: On 2025-04-16, there was a significant breakout.
Immediate Correction: Price dropped back down quickly after that spike.
Sideways Consolidation: The price has been moving sideways between $11.7 and $16.4.
Recent Drop: Sharp red candle showing a decline in momentum.
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4. Possible Support & Resistance Levels
Support: Around $11.71 – $12.4 (recent lows and EMA support).
Resistance: Around $14.2 – $16.4 (previous highs and wicks).
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5. Trend Observations
Overall, the EMA(50) and EMA(44) are converging, indicating indecision or potential trend change.
If the price holds above these EMAs, it could act as a short-term support.
A break below $12.4 – $12.5 may indicate further downside toward $11.7 or even $9.
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6. Volume
Significant 24h volume for TRUMP (~25.31M), showing active trading, but no massive spike in volume indicating a breakout yet.
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7. Potential Scenarios
1. Bullish Case:
If price bounces from EMAs and breaks above $14.2, we might see a retest of $16.4.