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Trump’s official price has been pumped 10 % in the past 24 hours, increasing 13 %, and traded for $ 3.9 billion for $ 30.01 to 11:23 pm.
The official trump price was ready for a sustainable breakout.
Trump price The one -hour time chart shows a wedge pattern that descends, that is, a bullish flip pattern that suggests a tendency change.
The official trump price has been steadily declining in this formation, but it has been more likely to surpass the resistance lines recently, indicating potential changes in momentum.
On the other hand, the official Trump price was integrated near the lower boundary of the wedge before the rising rising after the upper resistance. This breakout is a strong bullish signal. The wedge in the descending order often precedes important upward movements.
In addition, the price is currently traded for $ 30.01, which is now over the 50 -day simple transfer average (SMA) ($ 28.08), but is below the 200 -day SMA ($ 35.20).
The next main resistance is near $ 35.20, where 200 days of SMA is lined up. GECKOTERMINAL。
RSI is 66.53, which is approaching the acquired territory, suggesting a strong bullish momentum. If the RSI exceeds 70, it may indicate that the assets are excessively purchased, which may lead to a pullback before continuing high.
Transfer average convergence (MACD) Histgram shows positive momentum, and the blue MACD line is on the orange signal line. This bullish crossover suggests an increase in purchasing pressure and strengthens the possibility of an increase movement.
Trump price prediction
Given the technical setup, Trump seems to have escaped from a long -term downtrend. When the breakout was maintained, the movement was seen at a level of $ 35.20, which matches the 200 SMA resistance.
Break that exceeds this level may promote the price to more than $ 40, given the bullish momentum.
However, if the price is not retained beyond the breakout level, and below $ 28, it may indicate incorrect breakouts, which may lead to new bear pressure.
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