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The Trump Official token has appeared on the daily crypto top gainers list today. This follows a rebound off the support at the $8.00 price level. Although the market still appears generally subdued from a technical standpoint, let’s take a closer look below.
Trump Official Statistics
TRUMP Current Price: $8.20
Market Capitalization: $1.68B
Circulating Supply: 199.99M
Total Supply: 999.99M
CoinMarketCap Rank: [Data Missing]
Key Price Levels
Resistance: $8.50, $9.00, $10.00
Support: $8.00, $7.50, $7.00
TRUMP/USDT Market Sees a Slight Upward Retracement
The Trump market has been undergoing a steady downward correction ever since its price tested the resistance above the $70 mark. However, the previous and latest price candles on this chart are both bullish, indicating a move toward the 20-day Moving Average (MA) curve, which now acts as resistance.
Meanwhile, the current price candle has an upper shadow, suggesting that the market is experiencing some rejection. The Stochastic Rate of Change (SROC) lines appear to be moving sideways below the equilibrium level.
Trump Official Upward Retracement May Extend
Looking at the 4-hour chart, the TRUMP market displays an interesting setup. Price action has moved above the 20-day and 50-day MA curves. However, the latest price candle is a red one, pulling the market back below the 100-day MA line.
This red candle has a contracted body, indicating that price action may be consolidating at a strong support baseline. Meanwhile, the SROC indicator lines are still trending upward from below the equilibrium level. All considered, there may still be short-term opportunities in this market toward the $9.00 and $10.00 price levels.
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