Altcoins Outperform Cryptocurrency Market
Altcoins like Official Trump (TRUMP), Pump.fun (PUMP), and Zcash (ZEC) have gained more than other cryptocurrencies in the last 24 hours. Each token shows strong upward moves and aims to continue this positive trend.
Official Trump Token Targets $10
The Official Trump token rose over 2% on Thursday, adding to its 15% gain from Wednesday. It recently broke out of a falling channel pattern and is aiming for the $8.973 resistance level. If it passes this, the next targets are the 200-day EMA at $9.913 and the $10.577 resistance.
The MACD indicator shows growing bullish momentum. The RSI is at 71, meaning buying pressure is strong but not yet extreme. Support stands at the 50-day EMA near $7.214.
Pump.fun Nears Key Resistance Level
Pump.fun holds above $0.005200, maintaining its 13% gain from the previous day. The token is close to a resistance trendline at $0.005835, formed by recent price peaks. Breaking this could lead to a rally toward the $0.008871 pivot point.
The MACD continues to rise, confirming strengthening momentum. The RSI is 57, showing room to grow before hitting overbought levels. If the price fails at resistance, support lies at the 50-day EMA around $0.004816.
Zcash Aims to Pass $400
Zcash trades above $350 after rising 11% the day before. It targets the recent high near $374 and an ascending resistance near $390. Breaking above $390 could push ZEC past $400 and toward the $436 pivot point.
The MACD is about to cross the signal line, signaling renewed buying interest. The RSI at 65 shows steady buying pressure. If the price falls below $350, the next support is the 50-period EMA near $304.
