TRUMP crypto has surged 12% in the last 24 hours, surpassing the $28 resistance. While bullish momentum is present, traders should be prepared for potential rangebound price action and possible resistance at $30.77, $32.42, and $35.7.
TRUMP has experienced a notable surge in price, gaining 12% in the past 24 hours, accompanied by a 14.36% increase in trading volume. It has successfully surmounted the local resistance level at $28, but its journey towards conquering the $30 resistance zone may still be underway. While the timeframe for TRUMP's recovery remains uncertain, the current market data indicates the initiation of an accumulation phase.TRUMP's price has oscillated within a range spanning from $24.58 to $31.
37 over the past two days. This fluctuation follows a substantial retracement from a high of $74. Despite this consolidation, the underlying trend remains positive for bulls, as evidenced by the upward movement of the OBV (On-Balance Volume) indicator in recent trading hours. This surge beyond the mid-range level coincided with a bullish crossover on the Awesome Oscillator, further bolstering the bullish sentiment. However, it's prudent to anticipate a period of continued consolidation before any significant breakout. Traders seeking quick profits should exercise caution and prepare for potential rangebound price action. Resistance levels loom ahead for TRUMP bulls. A notable lower high at $32.3 serves as a significant obstacle for the upward momentum. A closer examination of the 2-week liquidation heatmap reveals three key resistance zones that TRUMP bulls may encounter: $30.77, $32.42, and $35.7. Given the current short-term upward momentum, it is plausible that TRUMP will overcome the $30.77 resistance level and potentially even breach the $32.42 level near the range high. The 24-hour liquidation heatmap also suggests a strong likelihood that TRUMP will gravitate towards $30.7 in the coming hours. Traders with existing long positions can consider taking profits at this juncture. Swing traders may explore shorting opportunities upon a rejection from $32.4, but it is imperative to approach such trades with extreme caution and manage risk accordingly. Considering the short-term bullishness in BTC, TRUMP might attempt to rally towards $35 to capture liquidity before retracing back within the established range.
TRUMP Crypto Price Prediction Resistance Levels Breakout Consolidation Technical Analysis
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