TRUMP: The memecoin needs to break out THIS range for a fresh rally

AMB Crypto 10 months ago 165

TRUMP ($5.66) has been consolidating within a range over the past 12 hours.
The muted volume and bearish momentum meant traders should wait to go long.

Official Trump [TRUMP] has settled into a short-term range that stretched from $40 to $31.3. The mid-range level at $35.7 acted as resistance earlier today but flipped to support in recent hours.

Trading volume has declined over the past 12 hours. The Fibonacci retracement levels are likely to act as resistance if TRUMP breaks out of the short-term range. Will it?

Short-term range formation impedes TRUMP bulls

TRUMP 1-hour Chart

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