Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
The Official Trump token has stood out at a time when the crypto market isn’t performing well. The token has recorded a 3.47% price increase as of the time of writing. Technically, this token holds the potential to witness further price growth in the coming sessions, considering its current technical position.
TRUMP Statistics
Current Price: $7.808
Market Capitalization: $1.56B
Circulating Supply: 199.99M
Total Supply: 999.99M
CoinMarketCap Rank: 50
Key Price Levels
Resistance: $8.50, $10.00, $11.50
Support: $7.50, $6.50, $5.00
Official Trump Holds a Good Perch
Price activity on the TRUMP/USDT daily chart suggests that movement still favors bullish participants. After rebounding off the support level around the $5.50 mark in mid-October, the market resurfaced above the 9-day Exponential Moving Average (EMA) curve.
However, over the past four sessions, price activity in this market hasn’t been progressing; instead, it has shown some regression. The last price candle on the chart appeared green, with the market testing the support formed by the 9-day EMA curve. The applied Stochastic Relative Strength Index (SRSI) indicator lines are still descending toward the 50 level following a convergence.
TRUMP Token Retains a Strong Short-Term Outlook
By scaling down to the Official Trump 4-hour price chart, it is visible that price movement has managed to remain above the 9-day EMA curve. This reinforces the view that price action may continue its upward trajectory.
Likewise, the SRSI indicator lines can be seen projecting upward toward the 70 mark. However, the ongoing session has shown a slight price decline while keeping the token trading above the 9-day EMA curve. Therefore, the opinion that this market may proceed toward the $8.50 price level remains valid.
Make money without lifting your fingers: Start trading smarter today
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
