Trump Memcoin on the basis of SOLANA today is the leader in height. Over the past 24 hours, he rose by more than 10% due to a sharp increase in trade activity
This surplus of demand is associated with the expectation of a tomorrow’s closed dinner, at which President Donald Trump will accept 220 largest Trump token holders in his golf club in Virginia.
Trump Memcoin grew by 13%
Trump has grown by 13% over the last day and now ranks first among leaders in the market. This two -digit growth reflects the growing enthusiasm of investors on the eve of the tomorrow’s dinner, which attracted the widespread attention of the crypto community.
An additional impulse was given to growth by a recent post on the social network X (formerly Twitter) from Justin Sana, a billionaire and founder of the Tron network. He said that he is the largest holder of Trump. Many perceived this as a significant vote of trust, which increased the purchasing pressure and interest of investors over the past 24 hours.
Technical indicators also support positive moods around Trump. For example, on a daily schedule, Memcoin bounced from dynamic support, which is provided by the 20-day exponential sliding medium (EMA) at $ 12.99.
This sliding average shows the average asset price over the past 20 days, paying more attention to the latest changes. When the price rises above this indicator, this indicates a bull trend and a positive impulse. This means that the purchasing pressure on Trump is increasing, and the token can continue growth in the near future.
In addition, the directed movement (DMI) index for Trump confirms the activity of purchases in the spawning markets. At the time of writing, a positive direction index (+di, blue) is higher than the negative (-DI, orange), and the gap between them increases.
When DMI shows such a picture, this means that the bull impulse is stronger than the bear. This signals an upward trend and customer pressure in the Trump market.
The bull impulse can push Trump to $ 19.28, but the risks remain
At the time of writing, the Trump is traded at $ 14.32, being higher than support at $ 12.99, secured by a 20-day EMA. If the demand increases, this support will strengthen, which can lead to Trump price growth to $ 19.28.
If investors begin to fix profit, Trump may drop below $ 12.99. In this case, its price runs the risk of decreasing to $ 10.76.
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Source: Cryptocurrency
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