TRUMP's prices hover around $15.956 amid high volatility. Analysts consider the $15.80 level critical for sustaining bullish momentum.
Price Action and Market Movement
Recently, TRUMP tested the $17.20 level before encountering resistance, leading to a price retracement. The prices dropped to $15.80, where they found temporary support. After a brief recovery to $16.40, there was another rejection forcing the price down again.
Key Resistance and Support Levels
The $16.60 level poses a significant challenge for bullish momentum. Several failed attempts to break through this level have resulted in successive retracements. A solid break above $16.60 could push it to $17.30. On the downside, $15.80 remains the primary support. A breach below this level could increase selling pressure.
Market Outlook and Sentiment
The market is consolidating, and while the short-term trend is weakly bearish, holding to the $15.80 level could trigger a rally. If buyers regain control, a retest of $16.60 may occur. A sustained move over this level could indicate fresh bullish pressure.
TRUMP's prices remain under pressure amid volatility. The $15.80 level plays a crucial role in determining the future direction of movement.
