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Tremp price prediction today: will it break the downtrend soon?

16 August 2024

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• Unfortunately, it seems we may have gotten this one wrong, guys.
• What has not helped TREMP is Trump's odds of winning have decreased since Biden was replaced.
• Alongside the above, a number of Trump coins have come to market that seemed to be somewhat endorsed, but they just weren't. This has seemingly really hurt the space as a whole and is another potential reason why TREMP hasn't performed well.
• Price has been unable to hold key levels, which has then just led to further breakdowns for the price, and it now seems as if we've lost the traction that had built up a few months back.
• Price is in a general downtrend, so if that downtrend could be broken to the upside, then the price may have a rebound rally. This would likely come on positive news for Trump, although we're not expecting any major breakout.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

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Cryptonary's take

With volumes declining as they have been, it's been difficult for TREMP to sustain any meaningful bid, and unfortunately, over the last week or so, the poor price action, along with the Trump coins and Trump's election odds decreasing, our conviction in TREMP has diminished.

What is Tremp

Tremp (TREMP) is a meme coin created as a representation of Donald Trump, particularly in the context of the 2024 U.S. elections. This token capitalizes on the buzz surrounding the elections, aiming to engage the crypto community.

At Cryptonary, we are adding exposure to Tremp on dips, anticipating significant movements in the lead-up to the U.S. elections. Tremp's ATH is $1.65. We have an average holding price of $0.325, strategically positioning ourselves to benefit from potential election-related market movements.

How to buy TREMP:

• Via Phantom wallet:
  1. Deposit Solana tokens by copying your Phantom wallet address and transferring funds.
  2. Swap tokens within the wallet by selecting TREMP, setting slippage tolerance, and confirming the swap.
• Via Centralized exchange (CEX):
  1. Choose a CEX that lists TREMP, like Kraken, HTX, or MEXC.
  2. Create and verify your account.
  3. Deposit funds.
  4. Go to the TREMP trading section and purchase TREMP.

Contract address: FU1q8vJpZNUrmqsciSjp8bAKKidGsLmouB8CBdf8TKQv

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TREMP Price Prediction today: Can $0.18 support avoid breakdown?

9 August 2024

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• TREMP has been in a downtrend since early June and has not shown much sign of recovery. Following Kamala's odds increasing over the past week or two, TREMP has pulled back further.
• Price lost the $0.40 that we expected it would lose. However, the price has now moved lower than we thought it might have.
• Price is now battling at one of its lowest horizontal levels of $0.18.
• Volumes have been significantly lighter in the last week than they were in June and July.
• If TREMP can avoid breaking down and hold the $0.18 level, the price will move closer towards breaking out of the downtrend line.

Cryptonary's take

Due to the price action and the PolitiFi narrative not being as hot as we first thought it might be, along with the fact the price action was so hot on PolitiFi just a few months back, our conviction in TREMP and PolitiFi, in general, has diminished somewhat.

However, there are great catalysts in September, with Trump and Harris debating a number of times, and we would expect the price to do well in that period. The worry, of course, is how the price will fare in the meantime. While short-term price action is hard to call for TREMP, we are considering reducing our position down, not to nothing, but just reducing our size in TREMP due to our conviction diminishing slightly.

Now, TREMP has never been one of our bigger plays, and it certainly isn't on the level of WIF and POP, but TREMP has shown that it can have explosive price action. Going into the September debates, we feel it's still worth holding TREMP. We just wouldn't look to have a huge bag of it in relation to the rest of your portfolio. TREMP should be a risk-on play that you play with a small size.

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TREMP price prediction for today

1 August 2024

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TREMP is shaping up to be a fascinating case study in crypto market dynamics and geopolitical events. Our analysis tracks its recent price movements, pinpointing key support levels that could signal prime entry opportunities.

But the real story here goes beyond the charts - we're exploring TREMP's unique position as a potential player in the upcoming US presidential elections. From detailed price targets to insights on market catalysts, we break down why TREMP is on our radar and how it could fit into your crypto portfolio as we approach a pivotal moment in US politics.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results. "One Glance" by Cryptonary sometimes uses the RR trading tool to help you quickly understand our analysis. These are not signals, and they are not financial advice.

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• As we predicted last week, TREMP has broken below the horizontal support of $0.40 and is headed lower to the next key horizontal level, $0.27.
• With TREMP approaching $0.27, we see TREMP as having moved closer to value territory, if it's not arguably already there.
• At current prices, and if price reaches $0.27, we would be buyers of TREMP in this area, while we'd bid more aggressively if price fell below $0.27.
• To the upside, the main horizontal resistance for now is $0.64.
• We note that volumes have been declining, and for prices to move more strongly to the upside, we'll need these volumes to increase.

Cryptonary's take

We still like TREMP as a play in the US presidential elections. Price-wise, we see TREMP in good value territory, particularly if it gets closer to $0.27. If it moves slightly below that, we'll bid more aggressively.

In a month or two's time, we would expect there to be more excitement around the US Presidential Election, and when Interest Rate cuts come in September, we expect more of the narrative to move onto the Presidential race and, therefore, bring more attention to TREMP.

This play is about getting in now, when there's not much attention on it, and looking to sell in a few months' time as we approach the US Presidential Election. Our sell targets would initially be $0.91, but we could achieve higher if we see more momentum.

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TREMP crypto coin (TREMP) price today: Chart, analysis & prediction

25 July 2024

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Let's talk about TREMP. As the countdown to the US presidential election approaches, all eyes are on TREMP, the token that's been making waves among PolitiFi memes. But what's really got traders talking? It's the token's uncanny ability to hold strong at a critical support level.

• It's the same story as our last update, but with the addition of the $0.40 horizontal support, it seems to hold even stronger than we originally anticipated as support.
• We can see that the price has been in a downtrend for all of June, with the price breaking out of the downtrend in mid-July. However, the price was halted at the horizontal resistance of $0.64.
• Price has now found and maintained horizontal support at $0.40, really hammering it out at a strong level.
• Volumes have been slightly better since early July, and they could keep up as we approach the US presidential Election.
• The major zone of support is likely to be between the two horizontal supports of $0.27 and $0.40. Therefore, this is the range in which we'd accumulate/add to our TREMP bags.

Cryptonary's take

As we move closer to the US presidential election in November, we expect TREMP to perform very well at some point. Therefore, we're looking to build a position in TREMP. We believe TREMP is good play for now, up until the US Presidential Elections in November.

TREMP SOL price chart key support resistance levels

What is Tremp?

Doland Tremp (TREMP) is a meme coin created as a representation of Donald Trump, particularly in the context of the 2024 U.S. elections. It capitalizes on the upcoming elections and aims to create buzz and engagement in the crypto community.

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Tremp crypto price prediction today

19 July 2024

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First things first, the narrative for the US Presidential Election seems to be that Trump is now the favourite to win after the assassination attempt. So, that gives us increased conviction in this as a play. The chart shows that the price has been in a clean downtrend since early June.

Although the price broke out (on the failed assassination attempt), it rejected the $0.64 horizontal resistance. The price has since pulled back to the horizontal support level of $0.40. Beneath $0.40, $0.27 is a key horizontal support. So, we consider $0.27 to $0.40 a major support zone. To the upside, the horizontal resistances are $0.64 and $0.91 for now.

Cryptonary's take

A number of you will hold TREMP already, but for those who are in the barbell strategy, TREMP is the play we're considering expanding out to as we expect the market to move to a more risk-on environment in the coming month or so. Our strategy will be to layer Buy orders between $0.27 to $0.38 (just beneath $0.40).

If the price went down and filled all orders, we'd get an average buy price of $0.325, which would give us a near 2x, just if the price retests the horizontal resistance at $0.64. We see now as the time to consider and even start adding more risk to the portfolio, and TREMP strikes us as a good play for that.

If we can get an average entry close to $0.325, that could be a position that returns multiples. Over the coming days/weeks, we'll stay patient and look to build a position.

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