- TD Sequential Flashes Rare $TRUMP Buy Signal
- Double Bottom Hints at Trend Reversal Ahead
- $TRUMP Eyes $17.94 If Momentum Holds
TRUMP Coin is showing early signs of a potential rebound after losing nearly 90% from it’s all-time high. A key technical indicator has now flashed a bullish signal, pointing to possible upward movement. As crypto momentum slowly returns, $TRUMP could be preparing for a price recovery.
Key Technical Levels and Buy Signal
The TD Sequential indicator recently showed a buy signal on the $TRUMP weekly chart. This pattern is known for marking possible reversal zones during extended trends. The coin is currently trading around the $7.35 level, just above the key support at $7.13.
Analysts note a possible double bottom formation at this level, which may signal trend exhaustion. Combined with the falling wedge breakout, this setup suggests bullish interest may return. A break above $11.96 is seen as confirmation of a stronger trend reversal.
The price must also maintain support above the $7.13 level to avoid invalidating the signal. The $17.94 level is being watched as a potential price target if upward momentum strengthens further.
Market Conditions and Price Sentiment
The broader crypto market is showing signs of improvement, with Bitcoin moving toward $80,000 and the Fear & Greed Index slowly rising. The total crypto market cap is near $2.5 trillion, supporting a more active trading environment.
TRUMP Coin launched with strong hype but has since seen reduced trading volume and investor interest. Current daily trading is at $412.59 million, compared to over $36 billion during its peak. However, technical indicators show mixed results, with RSI under 30 suggesting the token is oversold.
Some oscillators and moving averages show continued bearish pressure. However, the MACD and Highs/Lows oscillator support a possible trend shift. TRUMP Coin’s future price action may remain tied to external political developments, including potential endorsements or public support from President Trump.
