Crypto trader Ali has caught the attention of TRUMP coin followers with an analysis suggesting the meme coin could be gearing up for a significant price rebound. In a recent chart review, Ali highlighted key technical signals that point to a potential bullish reversal.
The daily chart of the TRUMP/USDT perpetual contract reveals an intriguing technical setup. After experiencing a notable downtrend, the price appears to be finding stability around the $25-$26 support zone. What’s particularly interesting is the TD Sequential indicator, a momentum-based tool that traders use to identify potential trend changes.
Ali’s analysis centers on a crucial “9” signal, marked by a green arrow on the chart. This technical marker suggests that the selling pressure might be losing steam. The candlestick patterns near the support level show smaller bodies, indicating a potential shift in market sentiment and a possible pause in the downward momentum.
What you'll learn 👉
What Traders Should Watch
If the bullish scenario plays out, TRUMP could see a price recovery targeting resistance levels around $29-$30. However, Ali cautions that traders should look for additional confirmation. This includes watching for a green daily candle with increased trading volume and monitoring broader market conditions.
The chart tells a story of potential resilience. The recent price action shows buyers stepping in at key support levels, creating longer wicks on the candlesticks that suggest strong buying interest. Yet, the crypto market remains unpredictable, and no technical signal guarantees future performance.
Read Also: Pattern That Triggered the Last 60x Spike for AAVE Price Re-emerges; Will History Repeat?
Risk and Opportunity
Traders interested in TRUMP should approach with careful risk management. While the TD Sequential buy signal provides an optimistic technical perspective, successful trading requires more than just indicator-based decisions. Market sentiment, broader crypto trends, and fundamental factors all play crucial roles.
Ali’s analysis offers an exciting glimpse into the potential TRUMP coin movement. Whether the coin will break out of its current range remains to be seen, but the technical indicators certainly suggest an interesting opportunity for traders watching this meme coin closely.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
