TRUMP/USDT Tests Key Resistance Following Bullish Reversal, Eyes Further Upside

OFFICIAL TRUMP Price Analysis – July 22

OFFICIAL TRUMP price indicates a significant shift in market dynamics, with the traders initiating a strong bullish reversal after an extended period of consolidation. It is currently testing crucial overhead resistance levels, poised for a potential continuation of its newfound upward momentum.

OFFICIAL TRUMP Key Levels

Support Levels: $10.39, $6.10
Resistance Levels: $16.21, $24.69

The daily chart for TRUMP/USDT illustrates a decisive change in its long-term trajectory. After a prolonged downtrend from its February highs around $24.00 and subsequent consolidation between late April and early July, the market has recently witnessed a robust bullish reversal. The price found strong support near the $6.10 level, which previously acted as a significant psychological and technical floor. From there, an influx of buying pressure propelled the asset upwards, decisively breaking above the $10.39 resistance level. This breakout signifies a clear shift in control from sellers to buyers, indicating that a new uptrend may be forming.

The market is currently consolidating around the $10.84 price point, suggesting a period of re-accumulation or digestion of the recent gains before a potential continuation of the rally. As of today, TRUMP/USDT is trading at approximately $10.84, showing a slight decrease of -3.39% for the day. This long-term perspective suggests that the bearish dominance that characterized the market for months has been challenged and potentially overcome. Bulls are now firmly in charge, having demonstrated their ability to push the price through key resistance.

The immediate focus for the market is to consolidate above the $10.39 level, which has now transitioned into immediate support. A sustained move and close above the current consolidation range could pave the way for a challenge of the next major resistance at $16.21, representing a critical psychological and technical barrier.

OFFICIAL TRUMP Short-Term Trend: Bullish (4-Hour Chart)

The 4-hour chart provides a more immediate view of the price action, showing TRUMP/USDT trading at approximately $10.85, with a minor increase of +0.18%. This timeframe clearly depicts the powerful bullish surge that originated from the $10.39 support level in early July. The price has consistently formed higher highs and higher lows, breaking out of a prolonged sideways channel. However, after a strong push towards $12, the asset has entered a period of short-term consolidation or slight retracement, hovering around the $10.85 mark.

The Parabolic SAR (0.02, 0.02, 0.2), currently at 9.68, shows its dots positioned below the price candles. This is a strong technical signal indicating that the long-term trend has turned bullish. The shift of SAR dots from above to below the price confirms the upward momentum and suggests that the uptrend is firmly established.

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