TRUMP Price’s 30% Rally Could Extend As US President Hints At Trade Deal With China
TRUMP coin has rallied 34% amid optimism over a potential US-China trade deal, with technical indicators suggesting further upside potential.Summary
The cryptocurrency TRUMP has experienced a significant rally, gaining 34% over the past week, fueled by renewed investor enthusiasm stemming from hints of a potential US-China trade deal by the US President. Technically, the Squeeze Momentum Indicator suggests an impending volatility breakout with bullish momentum dominating. The Relative Strength Index (RSI) confirms buying pressure but is nearing the overbought threshold near 70.0, which could signal a temporary reversal if crossed. Currently trading at $7.86, TRUMP is near the $8.00 resistance; a decisive break above this level could propel the price toward $8.35 and $9.00, extending the rally and recovering October losses. Conversely, a drop below $7.35 could lead to a correction toward $6.55.
(Source：BeInCrypto)