#trump usdt

Technical Analysis for the TRUMP/TetherUS (TRUMPU) Pair: An Overview of Trends and Key Levels

The technical outlook on the four-hour chart for the TRUMP/TetherUS (TRUMPU) pair from the Binance platform presents a clear picture of recent price movements and key levels to watch. The analysis highlights a prevailing bearish trend and critical support and resistance levels that could impact future price movements.

Overall Trend:

It is clear that the pair has been trading within a bearish trend since around mid-June. This trend can be observed through the yellow trendline drawn on successive peaks, indicating ongoing selling pressure driving the price down.

Resistance Levels:

* The descending trendline (yellow): This line is currently acting as dynamic resistance. Any attempt by the price to rise will likely encounter resistance at this line. A strong breakout above this line would be an initial signal for a potential change in trend.

* The horizontal green level at around 9.79 USDT: This level acted as a support level previously and then turned into resistance after being broken. A return above this level would be a positive signal.

* The psychological level at 10.00 USDT and the horizontal red level at around 10.19 USDT: These levels have been previous peaks and now form strong resistance, as they were critical rebound areas to the downside.

Support Levels:

* The horizontal support area (pink/purple) between 8.00 USDT and 8.58 USDT: