The price movement of the TRUMP Meme coin from a drip to recovery and breakthrough.

Trump's official meme coin has been bullish recently, rising 6.69% in a week. After collapsing for most of April, the TRUMP coin has seen significant whale activity recently. A savvy trader traded their 1.18 million Fartcoin holdings, worth about 1.22 million dollars, for 78,671 $TRUMP tokens.

Historical data from whales indicates that once they successfully trade $Fartcoin, they have a 100% success rate with each trading year, yielding them positive returns. During this time, they have earned a total of $669,000. Market participants view such a large allocation to TRUMP, with a solid foundation on entry and exit timing, as a bullish signal. Another whale, who had previously pushed their $TRUMP position out ahead of the clearly documented news about the $TRUMP dinner, has recently returned with a significant amount. The trader used $5.2 million to acquire 337,560 $TRUMP tokens. This purchase comes amid a price decline, highlighting increasing confidence.

The price of TRUMP Meme coin is bullish this week. The meme coin TRUMP is trading at $13 at the time of writing this after reaching a high of $13.40 earlier today. This coin has increased by 3.31% in one day. During this time, the market capitalization of this coin has risen by 3.31% to $2.26 billion. The 24-hour trading volume of the TRUMP meme coin has decreased by 16.76% in the past 24 hours and is at 888.18 million. Data on TRUMP is quite volatile. Over the week, the price has fluctuated between a high of nearly 15 dollars and a low of nearly 12 dollars. It started with a peak, a form of peak in the early morning, and then gradually decreased, forming lower lows and lower highs, which is bearish. There were previous indicators of recovery when buyers led the charge to defend the support range of $14.30–$14.40.

The TRUMP coin is currently on a bullish trend, the future looks positive. On the 4-hour chart, the meme coin TRUMP has taken off after a strong bullish trend in recent sessions. Currently, the TRUMP/USDT pair is trading at $12.77 and has decreased by 1.61% in the past 24 hours. When technical indicators show continued momentum, this token has attracted bullish sentiment. The upcoming trading sessions will reveal whether TRUMP can continue to be bullish or is heading towards the resistance level of buyers in the short term. The 4-hour price chart of TRUMP is relatively simple and consistent regarding the bullish trend in the ascending channel pattern. The token started to increase from the $8.50 range and has consolidated at higher and lower levels. The new buying activity is consolidating the bullish structure after each slight pullback. The initial price tested the channel briefly, but then returned to a state of consolidation, a behavior we often see when traders take profits after quick moves. The path of least resistance remains upward until the meme coin TRUMP closes above the lower support line at around 14.00 dollars.

Knowing the strength of the current trend of the meme coin TRUMP is also very valuable with the help of the Relative Strength Index (RSI). When the CFA was written, the RSI was at 65.51, where the asset is still in bullish territory but is no longer overbought. The bullish phase occurred earlier, when the RSI surpassed the level of 70 and indicated an overbought condition typically seen before a correction or minor consolidation. TRUMP has aged ( digested ) its bullish level healthily at 65 without dropping below 50. Buyers should maintain control of the market at RSI if it remains in the neutral zone. Awesome Oscillator (AO) also confirms momentum as it remains above the zero line. However, the reduction in size of the green bars cannot contain the positive momentum on AO. A little loss of momentum may indicate a cooling phase, but it is not a clear sign of a bearish reversal. As long as the AO remains above zero, the argument suggests that the meme coin TRUMP is still in a bullish trend. If the oscillator increases again, it will further strengthen the buyers. From another perspective, a move below zero indicates a deeper pullback.