Price: $12.24 (at analysis time), showing a strong +11.48% move.
The recent candle structure shows bullish momentum, with a clean breakout above prior consolidation.
Volume spike supports the bullish move — a sign of strong interest and potential continuation.
Key Technical Indicators & Patterns
Bullish Engulfing Pattern: A strong bullish reversal sign, confirmed by the breakout.
SMA50 Support: The chart shows the price is currently trading well above the 50-period simple moving average, confirming short-term bullish trend.
Breakout Zone: Price broke above the horizontal resistance near $12.00–$12.10, now acting as support.
Resistance Zones
The upper green trendline indicates a descending resistance, currently intersecting around $12.50. This could pose a challenge unless there’s strong momentum or news support.
Support Zones
Nearest support is around $12.00, the former resistance.
Additional support lies near the $11.00 psychological level, marked by a previous consolidation range.
#TRUMP coin is heating up—+7% in 24h, just before a $320M token unlock on April 18. 40M tokens (team allocation) will be released, possibly shaking the market.