What Does Its Price Chart Signify On Daily Chart?

After deteriorating from the $17.74 hurdle, the price fell more than 70% in a 34-day span and reached $4.57 by July 5th, where an important dynamic support trendline was in play, which pushed it upwards on the daily chart.

Meanwhile, in the Trump incident, where the shooter nearly killed the Republican presidential nominee, Donald J Trump, the shooter missed an inch from his skull and penetrated the ear instead. This was taken on the optimistic side of the crypto landscape and by the MAGA (TRUMP), as he's considered a cryptocurrency skeptic-turned-supporter.

In the aftermath of the incident, TRUMP rapidly formed a descending falling wedge, and the Trump incident made it look like a breakout of this pattern.

At press time, TRUMP was trading at $7.85 with an intraday surge of 3.44% and struggling to surpass the $10.39 level. Once this level is passed, it could reach the supply once again. Therefore, the resistance on the daily time frame lies at around $10.39 and $14.0, while the support levels are $7.0 and $5.0.

Indicators show that the price is above the 50-day EMA. The RSI was at 51.80, above the zero line, and MACD displays a bullish cross with a histogram at 0.3979. Overall, the indicators are on the optimistic side.