- TRUMP price has a high support level at $5.61 which prevents further losses in the near future.
- The immediate trading range is defined by resistance at $5.86 and the upward momentum is well followed.
- The current and the weekly low of 1.50 and the trends of the volume indicate that there are chances of the price soaring later up to 10.
TRUMP token is still volatile as it is now listed at a price of $5.64. The market has experienced a shift in its dynamics over the last 24 hours, which is a 3.69 price decrease. It is worth noting that the coin experienced a high of 24 hours at $5.891 and a low of $5.603, which shows that activities were not very expensive. This price fluctuation is accompanied by a sum of 1.8 million TRUMP tokens and 10.40 million USDT, this is a sign of liquidity in the market.
TRUMP Holds Key Support at $5.61 Amid Sensitive Short-Term Trading
The TRUMP token is currently testing a critical support level at $5.61. This level has acted as a floor in recent sessions, preventing further declines. However, the market remains sensitive to changes in buying and selling pressure, with slight movements potentially shifting the balance. Traders have noted that staying near this support may define the short-term trading range. Additionally, the token recorded a notable weekly low of $1.50 in previous sessions, showing extreme price fluctuations over time. The support level’s stability is therefore essential for observing potential upward moves.
TRUMP Tests $5.86 Resistance as Market Eyes Potential Rally Toward $10
Resistance for TRUMP is positioned at $5.86, creating a narrow corridor for the token’s short-term trading. Price approaches this level cautiously, with sellers likely monitoring the market closely. The token’s range between $5.603 and $5.891 represents key levels for both buyers and sellers to react. Notably, the recent weekly candlestick pattern shows multiple attempts to rise from current levels, though momentum has faced resistance near $7.15. Transitioning from support toward resistance will require sustained trading interest, particularly as market volume continues to fluctuate around 7.8 million tokens.
Market projections suggest a possible upward movement toward $10 if current conditions support buying pressure. An increase in trading activity could drive prices closer to this level. Notably, moving averages provide further insight, with the 5-period moving average at 28,029,044.272 and the 10-period moving average at 53,231,850.290. These indicators highlight areas where momentum may build or slow. In the short term, monitoring these averages alongside support and resistance levels will be crucial for understanding the token’s market direction.
