Trump Coin is once again trading at a critical support level near $7.14, raising traders' interest in potential upward movement.
Key Technical Points
• Range Low Support at $7.14: Yearly low and historical bounce zone. • 200% Upside Target at $22.98: Aligned with the range high and previous rally peak. • Low Volume Environment: Below-average volume suggests the current phase is consolidation, not a trend.
Structure of Trump Coin Trading
Current price action on Trump Coin reflects a range-bound structure. After a strong rally from the $7.14 low, the price has returned to the range base. This support level is significant, and the previous bullish reaction adds credibility to the idea that another reversal could develop.
Price Action Expectations
As long as $7.14 holds, a potential reversal remains on the table. Watch for a reclaim of the value area low and a surge in volume, both are required to validate a 200% rally toward the $22.98 range high.
Trading Trump Coin at the $7.14 level may be critical for determining upcoming dynamics. Market participants should monitor volume and price reactions to key levels closely.
