$TRUMP is showing signs of reversal with RSI climbing out of oversold zones and volume up over 230%. Price hovers just below resistance, but a breakout
Key price levels to watch include resistance between $10.89 and $11.20. If the coin can break past this zone with strength, a move toward $12.26 (the 50-day EMA) and $13.53 (100-day EMA) is possible. On the downside, support is found between $9.75 and $9.30. Fibonacci levels also show additional support at $10.61, $9.94, and $8.86—areas where the price may find a floor if it falls again.
Momentum Indicators Show Mixed Signals
The RSI (Relative Strength Index) has improved, moving from an oversold 29.30 to around 45.07. This shows that bearish momentum is weakening. The MACD is still below the zero line, but the two lines are getting closer, which may lead to a bullish crossover soon.
Despite the positive signs, not everything points up. The Chaikin Money Flow (CMF) indicator is at -0.17, suggesting that more money is leaving the asset than entering. The Bull Bear Power (BBP) is also negative at -0.71, indicating that bears are still in control—but losing steam.
Right now, TRUMP is still trading below its 20, 50, 100, and 200-day EMAs. That keeps the long-term trend technically bearish. But the 200-day EMA is flattening, which could be an early sign of trend reversal. If TRUMP can reclaim $12.20 to $12.50 and hold above it, the mood in the market could shift quickly.
From there, we could see price targets of $13.20 to $14.00 come into view. If the coin fails to hold above $10, however, it could fall back toward $9.00 or even $8.50.
Political News Creates Reactions, But Price Still Muted
Eric Trump made headlines this week by announcing that World Liberty Financial (WLF) plans to buy a large amount of TRUMP for its treasury. The price jumped 6.4% after the news, then quickly fell back to around $10.10. Some traders saw this muted response as a red flag, suggesting weak momentum.
Meanwhile, controversy around the “Official TRUMP Wallet” also added noise. Eric Trump shut it down, calling it unauthorized. Donald Trump Jr. later clarified that a new, approved wallet will launch soon. While these events stirred debate, they didnt move the price much—yet.
Still, these types of headlines can be powerful catalysts in the meme coin world. As the U.S. election cycle heats up, any new endorsements or media buzz could quickly spark a price move.
Whats Ahead for June and Beyond?
Looking ahead into June 2025, the outlook is cautiously optimistic. If broader crypto sentiment improves and election-related hype builds, TRUMP could push toward $16–$18 by the end of the month. Without those drivers, its more likely to trade between $9.50 and $13.00.
For now, the $9.00 to $10.50 zone is considered a key accumulation range—where high-risk, high-reward investors may choose to enter before the next possible hype cycle. A breakout above $14 would signal the start of a new bullish phase.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
0.00