TRUMP Price Jumps 10% as Market Cap Nears $4 Billion
Trump’s price has risen about 10% over the past 24 hours, with a market cap of nearly $4 billion. Despite this rebound, Trump lost third place in Pepe’s biggest meme coin.
although RSI Having recovered from oversell levels, price action is improving, and BBTREND is still in a deep negative state, indicating lingering bearish pressure. The meme coin is now facing important tests – if the current uptrend continues, it may return to critical resistance levels, but sales pressure on the rebound may affect the return to lower support.
Trump RSI is recovering from oversell levels, but remains neutral
trump card Relative Strength Index (RSI) It is currently 48.5, starting from 19.8, two days ago, starting from 27.8. This sharp recovery shows that buying pressure has recovered under Trump’s severe conditions.
The RSI under 30 shows that assets are out of reach, probably due to rebounds, which is consistent with recent price action. Now, Trump’s RSI is at its highest level in 48.5 weeks, indicating that momentum is shifting towards a more neutral stance, although it has not yet entered bullish territory.
RSI is a momentum indicator that measures the speed and amplitude of price movements from 0 to 100. Readings above 70 indicate excessive conditions and potential callbacks, while readings under 30 indicate hyperwall conditions and possible recovery.
and Trump RSI Now, it is close to 50 levels, which usually balances the pressure of buying and selling. If the RSI continues to rise and crosses 50, it may indicate bullish momentum.
But if RSI strives to break the higher chances, Trump may be in the merger phase before his next move.
Trump Bbtren is still low
Trump Bertrand Currently at -45.07, marking on negative territory for the ninth consecutive day. Although it briefly tested positive on February 1, reaching 0.16, it quickly reversed and continued its downward trend.
Yesterday, BBTREND was -49.29, which means a slight improvement, but still negative. This long-term weakness shows that Trump is still in a bearish phase and is working to restore strong momentum.
BBTREND (Bollinger band Trend) Measure the intensity and direction of a trend based on the Bollinger band. A positive bbtrend indicates bullish momentum, while a negative reading signal is a bearish condition.
As Trump’s BBTREND is now -45.07, but slightly improved from -49.29, bearish pressure remains dominant, although sales momentum may slow.
If BBTREND continues to rise to zero, it may indicate Trump is stabilizing. If it remains negative, the downward trend may continue.
Trump Price Prediction: Can Meme Coins Get Back $30 in February?
If the current upward trend is true, Trump’s price Recovery can continue and test resistance for $24.58. A breakthrough above this level may raise prices, with the next major target of about $30.47.
That could take Trump back The biggest meme coinsurpass Pepe.
Given recent advances in RSI, bullish momentum is building, but Trump still needs to clear key resistance levels to confirm the ongoing upward trend.
On the other hand, BBTREND is still negative, suggesting that recent gains may be short-lived. If bearish pressure resumes, Trump’s price Probably test support for $18.56, and if that level breaks, it could drop further to $15.98, marking a new low.
The market is at a critical moment and the rejection of resistance may lead to deeper corrections. In order for the meme coin to maintain an uptrend, it needs to stay above the critical support level and break down resistance with strong momentum.
Disclaimer
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