Will $TRUMP Reclaim $14 or Slip Below $12? May Setup Tests Key Support Levels
- $TRUMP forms symmetrical triangle with support at $12.10 and resistance at $13.40.
- RSI remains below 45; MACD shows minimal momentum, indicating consolidation.
- Break above $14.22 targets $15.48; drop below $12.10 risks fall to $11.00–$11.20 zone.
After reaching a high of $16.42 in late April, the $TRUMP token entered a consolidation phase, trading around $12.80 on May 3, 2025. The 4-hour chart displays a symmetrical triangle pattern taking shape, with the lower boundary established near $12.10. This $12.10 area has consistently served as a rebound zone, absorbing selling pressure since the peak.
On the upside, resistance between $13.30 and $13.40 holds firm. This zone aligns with the triangle’s upper ceiling and a horizontal supply area identified by analysts. Fibonacci retracement levels drawn from the April rally pinpoint $13.38 (0.382), $14.22 (0.5), and $14.74 (0.618) as critical benchmarks. Bulls have failed to reclaim the initial $13.38 level, keeping the price structure sideways.
Momentum Indicators Signal Caution for $TRUMP
Technical momentum indicators reflect weakening buyer strength. The Re…
The post Will $TRUMP Reclaim $14 or Slip Below $12? May Setup Tests Key Support Levels appeared first on Coin Edition.
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Will $TRUMP Reclaim $14 or Slip Below $12? May Setup Tests Key Support Levels
- $TRUMP forms symmetrical triangle with support at $12.10 and resistance at $13.40.
- RSI remains below 45; MACD shows minimal momentum, indicating consolidation.
- Break above $14.22 targets $15.48; drop below $12.10 risks fall to $11.00–$11.20 zone.
After reaching a high of $16.42 in late April, the $TRUMP token entered a consolidation phase, trading around $12.80 on May 3, 2025. The 4-hour chart displays a symmetrical triangle pattern taking shape, with the lower boundary established near $12.10. This $12.10 area has consistently served as a rebound zone, absorbing selling pressure since the peak.
On the upside, resistance between $13.30 and $13.40 holds firm. This zone aligns with the triangle’s upper ceiling and a horizontal supply area identified by analysts. Fibonacci retracement levels drawn from the April rally pinpoint $13.38 (0.382), $14.22 (0.5), and $14.74 (0.618) as critical benchmarks. Bulls have failed to reclaim the initial $13.38 level, keeping the price structure sideways.
Momentum Indicators Signal Caution for $TRUMP
Technical momentum indicators reflect weakening buyer strength. The Re…
The post Will $TRUMP Reclaim $14 or Slip Below $12? May Setup Tests Key Support Levels appeared first on Coin Edition.
Читать больше