#MelaniaTrumpLaunchesToken .One more unidentified source on social network X. 1 whale yesterday sold more than 150,000 SOL at a price of 280$ usd to push the future $TRUMP AND $MELANIA...
1. Price Growth and Market Dynamics The token price of $TRUMP has increased sharply from around $12 to a peak of $77 (an increase of more than 6 times in a short period of time). This is a sign of a strong pump, often due to a combination of FOMO (fear of missing out) and speculative money flow. The trading volume has increased dramatically, especially in large green candles, showing strong participation from investors.
2. Technical indicators RSI (Relative Strength Index): The current RSI value is at 70+ (overbought zone). This signals that the market is in an overbought state, which can easily lead to a short-term price correction. MACD: The MACD indicator shows a strong uptrend but is starting to show signs of slowing down as the MACD line is about to intersect with the signal line. This could be a signal of a slowdown.
3. Moving Averages (MA and EMA) The MA/EMA lines (7, 14, 28) are sloping strongly upwards, confirming the bullish trend. However, the gap between the current price and MA7 is very large, which could lead to a correction to “cool down” closer to the MA lines.
4. Warnings and predictions The price has broken through several strong resistance levels but may face profit-taking pressure at $63 - $77.
Prediction: If the price continues to be pushed up by speculative money, the next short-term top may be in the $80 - $85 range.
If selling pressure increases, the price is likely to correct to the $50 - $55 support zone.
5. Trading strategy If you hold: Consider taking partial profits, especially if the price approaches the $75 - $80 resistance zone. If you are waiting to buy: Wait for the price to correct to the support zone to reduce risk. #TRUMPOnBinanceFutures