Official Trump Price Prediction: TRUMP Pumps 4%, But Investors Flock To This Solana Meme Coin Rival Offering 223% Staking APY
The Official Trump price jumped 4% in the last 24 hours to trade at $18.80 as of 11:27 p.m. EST on trading volume that surged 5% to $2.47 billion.
Official Trump Price Aims For A Rebound
The TRUMP price analysis on the 4-hour chart exhibits a descending wedge pattern, which is generally considered a bullish reversal pattern. The Official Trump price has been declining within the wedge, making lower highs and lower lows.
This downtrend follows a massive initial price surge, indicating a natural correction and consolidation phase. TRUMP is currently testing the upper boundary of the wedge around $20, with a slight bounce suggesting potential support, according to data from GeckoTerminal .
Additionally, the 50-day Simple Moving Average (SMA) at $22.12 is acting as dynamic resistance, keeping the price below it. If the price of Official Trump breaks above this level, it could trigger bullish momentum.
The Relative Strength Index (RSI) is currently at 45.29, which is below the neutral 50 level but not in oversold territory. This indicates that the price of TRUMP is still in a bearish phase but has room for upside movement. If the RSI moves above 50, it would confirm increasing bullish momentum.
Meanwhile, the Moving Average Convergence Divergence (MACD) is showing early signs of a potential bullish crossover. The MACD line (blue) is attempting to cross above the signal line (orange), which is a positive indicator. If this crossover materializes with increased volume, it could signal the start of an upward trend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tornado Cash Developer Alexey Pertsev to be Released Under Electronic Monitoring
Tether and Reelly Tech Expand Usage of USDT in UAE Real Estate Market
Berachain and Abstract are buzzing, but face criticism
Price data shows most gaming tokens have had a rough week