TRUMP Price’s 30% Rally Could Extend As US President Hints At Trade Deal With China
TRUMP’s 30% rally follows renewed optimism around a potential US-China trade deal, with strong technical momentum suggesting further upside if $8.00 resistance breaks.
TRUMP has recorded a remarkable rally in recent days, rising sharply amid renewed optimism surrounding US President Donald Trump’s positive policy developments.
The altcoin has gained traction as discussions of a potential US-China trade deal fuel investor enthusiasm.
US-China Trade Deal Could Help TRUMP
The Squeeze Momentum Indicator reveals growing bullish momentum for TRUMP. The indicator shows a squeeze phase forming, suggesting volatility compression ahead of a possible breakout. Currently, bullish sentiment appears dominant, with buyers steadily increasing their positions in anticipation of favorable market conditions.
If this squeeze releases while momentum remains bullish, TRUMP’s price could experience a substantial surge. Such a move would extend the altcoin’s recent rally and reinforce investor confidence.
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TRUMP Squeeze Momentum Indicator. Source:
TRUMP Squeeze Momentum Indicator. Source:
From a broader technical perspective, TRUMP’s Relative Strength Index (RSI) is firmly in the positive zone, confirming active buying pressure. However, the indicator is approaching the overbought threshold near 70.0.
If the RSI crosses into the overbought territory, it could signal a potential reversal. In previous instances, such conditions have led to temporary pullbacks before consolidation or renewed growth. Investors should closely monitor this level in the coming days as market sentiment evolves with political headlines.
TRUMP RSI. Source:
TRUMP RSI. Source:
TRUMP Price Could Continue Rallying
At the time of writing, TRUMP trades at $7.86, marking a 34% increase over the past week. The altcoin currently sits just below the key resistance at $8.00, and breaching this barrier could further strengthen its bullish outlook.
Momentum suggests TRUMP could sustain its uptrend, potentially reclaiming October’s 30% losses. A decisive move above $8.00 would likely push prices toward $8.35 and ultimately to $9.00, reinforcing recovery and attracting fresh buying interest.
TRUMP Price Analysis. Source:
TRUMP Price Analysis. Source:
However, if overbought conditions spark a reversal, TRUMP could lose ground quickly. A dip below $7.35 may expose it to further downside toward $6.55, invalidating the bullish thesis and signaling the start of a corrective phase.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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