TRUMP price has plunged over 27% in the last 24 hours, with its market cap now at $7.5 billion, down from nearly $15 billion just two days ago. This sharp decline comes amid heightened volatility, as the coin trades within a consolidation range between $30.3 support and $45 resistance.
While technical indicators like RSI and ADX suggest neutral momentum and a lack of clear trend, the potential for a significant breakout or breakdown remains high. If TRUMP recovers its uptrend, it could aim for an 88% upside to $71.8, but losing key support at $30.3 could lead to a steep correction toward $15.43.
TRUMP RSI Is Currently Neutral
TRUMP RSI currently stands at 46.8, rising sharply from 30 just yesterday, signaling a swift recovery from oversold conditions, after touching 67 a few hours ago.
The movement toward the 50 level indicates momentum is neutral, but the token’s position still suggests caution as it remains below the threshold for a clear bullish trend.
The Relative Strength Index (RSI) is a technical indicator used to measure the speed and magnitude of price movements to evaluate market momentum. It ranges from 0 to 100, with values above 70 indicating overbought conditions, often preceding a price correction, and values below 30 signaling oversold conditions, which can suggest a potential recovery.
At 46.8, TRUMP RSI reflects a neutral stage, indicating the potential for price stabilization or gradual growth. However, the token needs to break above 50 to signal stronger bullish momentum and reinforce confidence in a sustained upward trend.
TRUMP ADX Shows An Undefined Trend
TRUMP ADX is currently at 14.4, dropping significantly from 46 just yesterday. This sharp decline ind
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Author: Tiago Amaral
