Trump Memecoin attracted the attention of investors with a 30 percent rally in the last 48 hours. Can this rise be a harbinger of the exit of the token from the long -term consolidation period? Is it possible to reach $ 50 by the end of February? Here are the answers to this question and the details of price movements!
Rise started in Trump Memecoin
Trump Token rose to $ 72 on January 17, when it was released, but soon decreased below $ 15. At the current price, it is traded below 74 percent of the summit of all time. However, the recovery in the last 48 hours shows that a new rise trend has begun.
Trump Token, who is currently traded at $ 19,80, saw $ 24 and was the summit of these two weeks. The transaction volume increased by 600 percent in the last 48 hours from 1 billion dollars to 6.69 billion dollars. This sudden increase attracted the attention of investors again and indicates that the $ 50 level could be a potential target.
Critical levels to reach $ 50
In order to reach the Trump price to $ 50, the resistance level of $ 23,53 needs to be broken. If this level supports, the price may be possible to quickly move towards $ 50. However, there are some levels of weak resistance between 25 and 50 dollars, and the passing of these levels can accelerate the rise.
Technical indicators also support this rise. The relative power index (RSI) indicates strong and MACD points to the rise momentum. However, if the level of $ 23.53 does not break, the price is at risk of decreasing up to $ 15 again.
Trump: Developments that support the rise
Trump Token has recently attracted attention with both technical and basic developments. The fact that large investors receive the tokens collectively alleviated the pressure on the price. Some whales supported this recovery by making 10 million dollars of purchases. In addition, Trump’s crypto project WLFI’s strategic token reserve announcement was another factor that increased optimism. Bitmex CEO Arthur Hayes said Trump could even pass Bitcoin if politicians use breast coins in election campaigns.
The future of Trump Memecoin depends on overcoming these critical levels and the general momentum of the market. It is possible to reach $ 50, but it is important that investors take careful steps. In this process, technical analysis and tracking market trends can provide a great advantage.
