- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
TRUMP Price Tests Key Support After Symmetrical Triangle Breakdown
By: cryptosheadlines|2025/05/16 07:15:05
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com TRUMP broke below the 4-hour symmetrical triangle, signaling a loss of short-term bullish momentum and testing a key support zone.The $12.50–$12.70 horizontal demand zone now serves as critical support after previously acting as resistance in past price action.Moving averages and rising volume near current prices suggest increased interest, with a potential bounce toward $13.50–$14.00 if support holds.TRUMP is facing a decisive moment after breaking down from a symmetrical triangle on the 4-hour chart. The price is now testing a key support zone that may determine its next direction.Triangle Breakdown Signals Shift in Short-Term StructureThe $TRUMP 4H chart shows a clear breakdown from a symmetrical triangle formation. This pattern, defined by converging trendlines, typically signals potential volatility. The recent move below the lower trendline marks a breakdown and a loss of short-term bullish structure.Source: Alpha Crypto SignalAccording to Alpha Crypto Signal on X, the price broke the triangle after forming points A-B-C-D within the pattern. The current structure reflects bearish pressure following the breakdown. As per the tweet, price action is now testing a critical horizontal demand zone, which may serve as support around the $12.50–$12.70 level.Key Support Level Could Decide Next MoveThis support area is historically important. It previously acted as resistance and may now serve as a pivot for buyers. Price is currently holding around $12.84. If bulls manage to defend this zone, a bounce is likely toward the $13.50–$14.00 range.Supporting indicators include the 50-period SMA at $13.22 and the 9 EMA at $13.05. Both are now above the current price and may act as dynamic resistance. Volume has slightly increased on recent candles, showing a rise in interest around this area. However, confirmation of a reversal is still required before assuming a change in trend.Bearish Continuation or Potential Rebound?TRUMP is down 3.89% over the last 24 hours but has recorded a 7-day gain of 3.58%. The $12.50–$12.70 region continues to be a key level to track. A clear break below it could see it decline to $11.80 or below.If support holds, bulls may regain momentum and target a recovery. Traders are advised to watch price behavior closely over the next few candles, as the reaction at this level could guide short-term direction.Source link
You may also like
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.
Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?
Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
App