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The Trump official token has been seeing significant gains lately. As of the time of writing, the token has increased by 10.64%, making it the second most profitable coin on the list. Moreover, trading indicators suggest that further price increases may be seen in this market. Let’s delve deeper below.
TRUMP Statistics
Current Price: $13.77
Market Capitalization: $2.77B
Circulating Supply: 199.99M
Total Supply: 999.99M
CoinMarketCap Rank: 38
Key Price Levels
Resistance: $15, $20, $25
Support: $10, $8, $5
Trump Official Stays Promising
On the daily chart, the TRUMP market has continued its upward movement for the second consecutive session. This has caused price action to push through the middle band of the Bollinger Bands indicator. The Bollinger Bands themselves show an upward trajectory, based on the orientation of the bands.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator lines are positioned above the equilibrium level and appear to be converging for a bullish crossover. These signals collectively point toward a continued upward retracement in the TRUMP market.
TRUMP Market Stays Above Limits
Looking at the 4-hour chart of the Trump Official market, price action remains above the uppermost limit of the Bollinger Bands. Although the latest candle on the chart is red, suggesting short-term selling pressure, this is not unusual, given that the token has been pressing against the upper limit of the Bollinger Bands for a while.
Despite the brief pullback, the MACD indicator lines continue to rise above the equilibrium level, and the histogram bars remain green and above the baseline. Therefore, current technical indicators suggest the market may be preparing to approach the $20 price level.
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