Having gone through a serious reduction last week, Trump is back on a buying mode after finding solid ground level. It is currently the top-gainer of the day with over 11% increases in the last 24 hours. Last month was quite interesting for Trump as it recovered significantly from a local bottom after trending bearishly throughout the first quarter. That recovery came following a fresh money inflow in the second quarter of the year as institutional investors bought the dip, but it later cooled off buying pressure after facing resistance at around $16.5. Leading to a serious drop in the late month, it entered a pullback mode and went defensive. Although it managed to stay above the $10 level as it forms a new bullish pattern on the daily chart. The price is currently up and looks set for a fresh rally. Following the bullish pattern in the form of double-bottom, the price may rally to a three-month high soon. The main barrier for the bulls right now is the previous monthly high, acting as a key resistance over the past days. A push above it should activate the rally in no time. Currently, the bears are off the market. If they manage to step back, they must reclaim April’s support before gaining full control of the market. A critical look at the price actions indicate no signs for such a move at the time of writing. TRUMP’s Key Level To Watch Source: Tradingview Looking ahead, the key resistance to watch for a test is $16.4. Breaking above it could rocket the price to $24.6 and potentially $36 in the future. For now, the $12 level is providing support. If the price breaks lower, the support level to watch for drops would be $10, along with the $8.8 level. Key Resistance Levels: $16.4, $24.6, $36 Key Support Levels: $12, $10, $8.8 Spot Price: $14.25 Trend: Bullish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
