The $TRUMP coin has experienced significant volatility recently, with its price dropping from a high of $77 to approximately $12.91. Currently, it's trading at $13.85, reflecting a 4.63% increase over the past 24 hours.
Key Levels to Watch:
Resistance: $13.50 – A breakout above this level could lead to targets of $14.00 and $14.50.
Support: $12.60 – If this level is breached, the next downside targets are $12.00 and $11.50.
Trade Setup:
Long Entry: Consider entering above $13.10, #Targe ting $13.50 and $14.00.
Short Entry: Consider entering below $12.60, with downside targets at $12.00 and $11.50.
Stop Loss: $12.80 for long trades, $13.20 for short trades.
Market Insights:
MACD: Momentum is slowing, indicating potential consolidation.
Parabolic SAR: Suggests the trend is weakening.
Volume: Buying interest remains but is decreasing.
The $TRUMP coin needs to reclaim $13.50 for a bullish continuation. A break below $12.60 could trigger further declines. Monitor these levels closely to assess whether this is a temporary retracement or a deeper correction.
Additionally, the broader cryptocurrency market has faced downturns due to economic concerns and recent tariff announcements by President Trump. Bitcoin, for instance, has dropped below $90,000 amid these uncertainties.
Investing#SHİB $1,000 in Shiba Inu 🐶(SHIB) at its current price of $0.00001404 would acquire approximately 71.2 million SHIB tokens. If SHIB were to replicate its 2020/2021 surge of 884,400%, the token's price would reach $0.1241, and your investment could potentially grow to about $8.84 million. However, achieving such a surge now is improbable due to $SHIB HIB'🐶s current multi-billion dollar market capitalization. Reaching $0.1241 would imply a market cap of approximately $73 trillion, an unrealistic figure in the near term.
While $SHIB SHIB🐶 may not experience another meteoric rise, it remains a notable cryptocurrency with a dedicated community. Future growth is possible, but investors should manage expectations and conduct thorough research before investing.🐶
If you've been monitoring #BinanceLaunchpoolRED RedStone ($RED ) on Binance, you might have noticed that its price isn't moving as freely as other cryptocurrencies. Many traders are eager to jump in, but there's a reason why $RED seems constrained.
Let's break down what's happening and what to expect next.