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Trump’s official price has pumped 10% in the past 24 hours to negotiate $ 30.01 at 11:23 a.m. on the negotiation volume that jumped from $ 13% to $ 3.9 billion.
Official Trump Prize ready for a sustained escape
THE Trump prices The graph over the time of one hour indicates a descending corner model, a bullish inversion model which suggests a possible change of trend.
Trump’s official price had constantly decreased in this training, but recently managed to exceed the resistance line, reporting a potential change in momentum.
Meanwhile, the price of the official Trump had consolidated near the lower limit of the corner before passing before the upper resistance. This break is a strong bullish signal, because the descending corners often precede significant ascending movements.
In addition, the price is currently negotiated at $ 30.01, higher than the simple 50 -day mobile average (SMA) ($ 28.08) but still below the 200 -day SMA ($ 35.20).
The next major resistance is nearly $ 35.20, where the alignment of the 200 -day SMA, according to data from Geckoterminal.
The RSI is 66.53, which approaches the exaggerated territory, but still suggests a strong bullish momentum. If RSI crosses 70, this may indicate that the asset is exaggerated, potentially leading to a hindsight before continuing higher.
The Histogram of Divergence of Mobile Average Convergence (MacD) shows a positive impulse and the blue MacD line is above the Orange signal line. This Haussier crossover suggests increasing the purchase pressure, strengthening movement potential upwards.
Trump price prediction
Given the technical configuration, Trump seems to come out of a prolonged downward trend. If the break is supported, we could see a movement towards the level of $ 35.20, which aligns with the resistance of 200 SMA.
A break above this level could propel the price to $ 40 or more, given the bullish momentum.
However, if the price does not hold above the level of escape and lowers below $ 28, it could indicate a false escape, leading to a renewed lower pressure.
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