The price of the cryptocurrency TRUMP has increased by 10% in the last 24 hours, bringing its market cap close to $4 billion. However, it has lost its third-place ranking among meme coins to PEPE. The Relative Strength Index (RSI) has improved but remains neutral, indicating possible bearish pressure. The RSI is nearing a balance between buying and selling pressure, and if it continues to rise and cross 50, it could indicate bullish momentum. TRUMP's Bollinger Band Trend (BBTrend) remains negative, suggesting a bearish phase. If the current uptrend continues, TRUMP could test resistance levels and potentially surpass PEPE. However, if bearish pressure returns, TRUMP may face support tests and potentially drop to new lows. The market is at a critical point where a rejection at resistance could lead to a deeper correction, so TRUMP needs to hold support levels and break through resistance with strong momentum to maintain its uptrend.
Content Editor ( beincrypto.com )
- 2025-02-06
TRUMP Price Surges 10% as Market Cap Nears $4 Billion Again
