The post TRUMP Coin Price Rebounds, Will Bulls Break $8.88? appeared first on Coinpedia Fintech News
TRUMP coin price has made a comeback, climbing 1.26% since the previous day to trade around $8.48. The token’s market valuation now stands at $1.7 billion, while daily business went up to $1.03 billion, an impressive 624.29%. This steep increase in activity comes with the latest Trump news around its anniversary celebration, as social posts sparked renewed interest in the community.
Despite the recovery, the memecoin’s price action remains strained by key resistance levels. TRUMP is still down 0.42% over the past week and has lost 5.33% in gains over the last 60 days. Further highlighting the need for a stronger bullish confirmation before a sustained rally can take shape. Curious about the token’s next move? Join me as I decode the same in this short term Trump coin price prediction.
TRUMP Price Analysis
TRUMP token has found support near its 7-day SMA at $8.42, with buyers stepping in to defend this level. On the upper end, the 30-day EMA near $8.88 is acting as a major hurdle. This area also aligns with the 61.8% Fibonacci retracement. While $9.13 marks another resistance at the 50% level.
The RSI has rebounded to 60.58 from oversold conditions, indicating that the selling pressure has eased. A decisive close above the pivot point at $8.63 would be a short-term bullish signal, potentially opening the door for an extension toward $8.88 and beyond. However, traders will want to see trading volume above $1 billion per day to validate this move.
If the TRUMP crypto price fails to break above $8.88, it risks sliding back to support levels around $8.27. A deeper correction could test the $8.21 zone, which coincides with the lower Bollinger Band. For now, the bounce appears more like short-term exhaustion than a confirmed reversal.
FAQs
Anniversary-driven sentiment reignited community engagement, thereby pushing TRUMP coin’s trading activity sharply higher.
Immediate resistance sits at $8.88 and $9.13, while support lies at $8.42 and $8.27.
A price close above $8.63 with volume holding above $1B/day would indicate momentum strong enough to retest higher resistance zones.
