The currency ($TRUMP ) had an exciting day with a skyrocketing increase of more than 20% over the past 24 hours. This strong performance places it at the forefront of the cryptocurrency market today, but is this just the beginning of a larger rise or a chance for quick speculation?
🚀 Current price and momentum performance
· Current price: about $8.32.
· Today's movement: a significant jump ranging from +18.22% to +21.15%.
· Today's trading range: the currency moved between a low of $6.81 and a high of $8.42.
📊 Quick technical overview
Today's technical analysis shows a short-term buy signal. However, long-term sentiment (monthly) still indicates strong selling, meaning this rise could be a temporary bounce in an overall downward trend.
💡 Trading recommendations
· Entry point: $7.90 - $8.00 (after a sharp calm today).
· Stop loss: below $7.70.
· First exit target: $8.40 (near resistance).
· Second exit target: $8.60 if momentum continues.
⚠️ Important notice: This is a short-term technical analysis and should not be considered financial advice. The TRUMP coin is a highly volatile "meme" coin, having decreased by -79.30% over the past year, with volatility reaching 18.07%. Trade cautiously and do not invest more than you can afford to lose.
💬 In conclusion...
With the U.S. elections approaching and the direct impact of Donald Trump's statements on this currency, do you think TRUMP will be able to break its long-term downward trend and convince investors again? Share your opinion.
