- OFFICIAL TRUMP is currently trading near the $8 mark.
- TRUMP’s daily trading volume has surged by over 36%.
1.96% loss within the crypto market has brought in both bullish and bearish price movements. With the fear sentiment lingering across the assets, Bitcoin (BTC) and Ethereum (ETH) are losing the recent gains, currently hovering within the 110.1K and $3.9K. Meanwhile, OFFICIAL TRUMP (TRUMP) has made a solid 6.89% gain.
After a series of ups and downs, TRUMP has entered the green zone, opening the day trading at a low of $7.72. It has tested a few crucial resistances, and with the bullish pressure, the price has been sent to a high of $8.64. As per CMC data, the OFFICIAL TRUMP is trading at around the $8.16 mark as of this writing.
The market cap is resting at $1.64 billion, and the daily trading volume of TRUMP has surged by 36.70%, reaching the $2.61 billion range. In addition, the market has experienced a liquidation of $17.81 million worth of TRUMP during the last 24 hours, according to Coinglass data.
OFFICIAL TRUMP on the Rise — Can it Keep Its Momentum Going?
OFFICIAL TRUMP’s Moving Average Convergence Divergence (MACD) line has crossed above the signal line, implying a bullish signal. The ongoing momentum is shifting toward buyers, and the asset’s price could start rising. Gradually, it may confirm the bullish strength in the market.
Besides, the Chaikin Money Flow (CMF) indicator of TRUMP is found at 0.06, hinting at mild buying pressure in the market. Notably, more capital is flowing into the asset than out, showing bullish sentiment. If the value continues rising above 0.10, it would confirm a stronger accumulation trend.
The price chart of the OFFICIAL TRUMP reveals the bullish command, and it could climb toward the key $8.26 resistance. Further gains on the upside might trigger the golden cross to take place, and the bulls may send the asset’s price to the $8.36 range or even higher.
If the token’s trading enters the red zone, the OFFICIAL TRUMP price could slip to the recent lows at the $8.06 level. An extended correction on the downside might initiate the emergence of the death cross, which applies more pressure and drives the price to $7.96.
Moreover, TRUMP’s daily Relative Strength Index (RSI) is positioned at 66.99, which suggests that it may approach the overbought zone. If it crosses above 70, a potential pullback or correction might be in sight. OFFICIAL TRUMP’s Bull Bear Power (BBP) reading resting at 0.627 indicates that bulls currently have the upper hand in the market. The buying pressure outpowers the selling pressure, with the momentum favouring the uptrend.
Top Updated Crypto News
Trump-Xi Meeting Offers Hope After Tariffs Sink Crypto Markets