TRUMP Coin Shows Strong Support At $9.84, Eyeing $13 Breakout For Momentum Boost
Key Insights:
- TRUMP Coin finds solid support at $9.84, showing signs of stability.
- A breakout above $13 could ignite the next leg up.
- Increased volume indicates strengthening momentum and potential bullish movement ahead.
After solid support reached $9.84, TRUMP (officially $TRUMP) showed signs of stability and recently recovered. According to the chart, there is strong resistance at around $13.
If the price goes above this level without being rejected, it could mean that the currency will rise in the days ahead.
Trump Coin at Critical Support Levels
Price charts show that $9.84 kept TRUMP from losing additional value. This is clear when we look at the price leading up to this level, as the chart shows the price continuing to go higher after hitting that support zone.
The quick fall after the February spike, when the crypto peaked above $20, has caused prices to fall. However, the TRUMP crypto is near $9.84 again, and this could lead to a surge if things proceed accordingly.
TRUMP shows strong backing at $9.84 and regularly bounces after touching this point. The horizontal support line has stayed strong, which proves that many people are buying around that area.
If the price drops below $9.84, it could mean another examination of the lower supports, which may cause bears to get more powerful.
However, when the price goes over $13 and it stays there without much selling, it could mean TRUMP is ready to begin recovering and moving towards a new high.
Should TRUMP manage to move above the $13 price mark, investors may expect it to reach even greater values. Industry experts feel that the price at this point could result in a significant move for the token.
A breakout above $13 might permit Bitcoin to regain its upward momentum, and it could aim for at least $16.
Technical Indicators Signal Potential Upside for TRUMP Coin
The second chart shows moving averages and the Stochastic RSI, which indicate the token is now at a critical point. Currently, between the 50-day and 100-day exponential moving averages, TRUMP is in a neutral position, with the price remaining midway.
This shows that at this stage, the trend for the token hasn’t been determined. However, it may soon break out in a particular direction.
What’s more, based on the Stochastic RSI sitting in the neutral zone, the price may still shift in either direction.
The increase in the momentum of the Stochastic RSI hints that buyers are getting the upper hand, meaning a bullish trend could be forthcoming in the short run.
From the third chart, it can be observed that TRUMP is mildly consolidating within the range of $10 and $11.
If TRUMP breaks out of this band, it could offer more proof that the coin is about to rise. Prices above $9.84 show strength, so if the level of $13 is overcome, this could lead to a fast increase in value.
Market Conditions and Momentum
TRUMP’s performance has gained momentum, as suggested by the latest market figures. CoinMarketCap shows that the token’s market value is on the rise.
The amount of trading in the last 24 hours rose by more than 60% compared to previous figures. The significant increase in trade reports indicates that investors at all levels want to buy the token.
As of press time, TRUMP was priced at $10.72, an increase of 3.32% over the last day. An upward price trend implies that buyers are slowly but surely coming back in control after a short period of consolidation. Should the token’s progress continue, its price may soon try to overcome the $13 resistance.
TRUMP has seen after its early-February spike. Since its peak at $20, TRUMP has been going down and has repeatedly tried to find support near different price points. Looking at the current trend, the line is moving down more slowly.
Also, after the recent rise above $9.84, signs of decreasing selling pressure are emerging. Since its price stands at around $10.70 and the base price is $9.84, TRUMP may be making preparations for another critical trend.
