TRUMP, a popular meme coin, experienced a 10% price surge over the last 24 hours, bringing its market cap close to $4 billion. Despite the rebound, TRUMP lost its third-place ranking to PEPE. The Relative Strength Index (RSI) shows recovery from oversold levels, suggesting a shift toward a neutral stance.
Currently, TRUMP's RSI hovers at 48.5, a significant leap from 27.8 two days ago, indicating returning buying pressure. However, the BBTrend remains negative at -45.07, highlighting ongoing bearish conditions. This suggests that while momentum improves, TRUMP may face resistance in maintaining gains.
The price prediction hints at potential resistance at $24.58 and a target of $30.47 if the current trend continues. Yet, there is a possibility of retesting lower supports if bearish pressure persists. Stabilizing above key support levels is crucial for further growth.
Источник: beincrypto.com ↗