Technical Analysis
1. Price Movement:
The price is currently trading at 39.07, down 25.01% for the day.
There was a recent high of 56.20 in the last 24 hours, with the low being 30.40, indicating high volatility.
2. Moving Averages (MA):
EMA(7) is at 37.62, and the price is slightly above it, suggesting short-term bullish momentum.
EMA(25) is at 41.74, and the price is below it, indicating the overall trend is still bearish on a medium-term basis.
3. Volume:
Significant spikes in volume are visible, particularly during large red candles, showing selling pressure dominates. Current 24-hour volume in TRUMP is 116.93M.
4. RSI:
The RSI(6) is at 56.77, indicating neutral to mildly bullish momentum but not yet overbought.
5. MACD:
MACD lines are starting to converge. A crossover may signal a possible trend reversal or continuation, depending on market conditions.
6. Order Book:
The buy-sell ratio shows a 47.63% buy and 52.37% sell, which indicates slight selling pressure.
Short-Term Trend:
The price is attempting to recover from recent lows and is holding above the EMA(7). A breakout above EMA(25) could confirm a trend reversal.
Long-Term Trend:
Still bearish as the price remains below key resistance levels like 41.74 (EMA25) and 56.20.
Key Levels to Watch:
Support: 37.00 (EMA7), 30.40 (recen
t low).
Resistance: 41.74 (EMA25), 56.20 (24-hour high).