Identifying TRUMP’s next price targets after its hike past $10.4
Main Idea
TRUMP (memecoin) shows bullish momentum with potential price targets of $11.15 and $11.9, supported by increased demand and positive market indicators.
Key Points
1. TRUMP broke past the local resistance at $10.44, indicating a bullish structure and a potential buying opportunity.
2. The memecoin sector's market cap rose to $82.88 billion, up from $54.4 billion last month, with TRUMP seeing an 11% hike in Open Interest and a 6.4% price increase in 24 hours.
3. Technical indicators like the OBV (On-Balance Volume) and RSI (Relative Strength Index) suggest increased buying volume and bullish momentum.
4. The Directional Movement Index (+DI and ADX) signals a strong trend, with potential price targets at $11.15 and $11.9.
5. Despite lagging moving averages, the overall market sentiment for TRUMP remains positive, with speculation of further gains.
Description
Steady demand for TRUMP and the strong bullish trend in place mean that a decent buying opportunity may be next.
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