TRUMP Analysis: Price Trends and Predictions

TRUMP has a bearish structure, but the bullish divergence could lead to a price bounce

Consistent selling pressure recently means recovery would be difficult, and traders must be wary of going long.

Official Trump (TRUMP) has reversed from the $13.84 resistance level. In an analysis piece last week, AMBCrypto pointed out that the $14-level would likely rebuff the bulls and send the memecoin’s price further south.

This forecast has become reality, and the 23.6% extension level at $11.59 has recently turned into resistance. What’s next for TRUMP?

TRUMP’s Bullish Divergence Could See Short-Term Gains

Towards the end of February, the market structure flipped bullishly (blue), and the price retested the local highs around $18 before facing a brutal rejection. The swiftness of the drop left a fair value gap (white box).

This resistance coincides with the 78.6% retracement level. These levels were plotted based on the upward move that followed the bullish structure break, and their extension levels remain valid even now.

The On-Balance Volume (OBV) has been on a steady downtrend alongside the price, indicating strong selling pressure. The Relative Strength Index (RSI) was also below zero but formed a bullish divergence with the price over the last two days.

Therefore, a price bounce can be expected, potentially leaping to the recent lower high at $11.59 before retracing. A market structure shift would occur with a 4-hour trading session close above $11.59. It’s important to note that the swing structure of TRUMP remains bearish. The $13.84-level must be broken to change this outlook.

The 1-week liquidation heatmap reveals the possibility of a bearish reversal at the $11-level. The cluster of liquidation levels here could be reached before a move south to collect liquidity at $10, before the next steps can unfold.

Beyond $11, watch for the $12.82 and $14-levels in case TRUMP manages to break out above $11.6. Until then, the bias can remain bearish in the lower timeframes.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.