Trend$TRUMP overall: Still bearish in the long term, with the coin trading around $1.85 โ $1.90 after peaking above $70 at its all-time high.
๐ Technically:
โข Key support: $1.80
โข Breaking below $1.80 could push towards lower zones.
โข First resistance: $2.00 โ $2.20
โข A solid close above $2.20 could pave the way towards $2.50โ$3.00.
๐ฐ Liquidity and trading:
โข Trading volume remains relatively high, indicating that speculators are still active in this coin.
โ ๏ธ Risks:
โข Highly volatile memecoin.
โข More affected by news and statements than by technical fundamentals.
โข Has seen a drop of over 95% from its all-time high.
๐ฎ Summary:
Currently, the signal is neutral to slightly bullish above $1.80, but the overall trend remains weak. A breakout above $2.20 is crucial to confirm a stronger rally. #YenNears40YearLow #ADNOCResumesOilLoadingInsideHormuz #NasdaqEndsSessionUp2% #AsianStocksHitRecord #BTCBelowMinerProductionCost5Months
๐ Technically:
โข Key support: $1.80
โข Breaking below $1.80 could push towards lower zones.
โข First resistance: $2.00 โ $2.20
โข A solid close above $2.20 could pave the way towards $2.50โ$3.00.
๐ฐ Liquidity and trading:
โข Trading volume remains relatively high, indicating that speculators are still active in this coin.
โ ๏ธ Risks:
โข Highly volatile memecoin.
โข More affected by news and statements than by technical fundamentals.
โข Has seen a drop of over 95% from its all-time high.
๐ฎ Summary:
Currently, the signal is neutral to slightly bullish above $1.80, but the overall trend remains weak. A breakout above $2.20 is crucial to confirm a stronger rally. #YenNears40YearLow #ADNOCResumesOilLoadingInsideHormuz #NasdaqEndsSessionUp2% #AsianStocksHitRecord #BTCBelowMinerProductionCost5Months