- OFFICIAL TRUMP is trading around the $7.53 range.
- TRUMP’s trading volume has dropped by over 43%.
A 1.72% drop has pulled the broader crypto market cap down to $3.37 trillion. The majority of the assets are in the red zone, with unclear price movement. The largest asset, Bitcoin (BTC) is currently hovering at $100.7K, while Ethereum (ETH), the largest altcoin, trades at around $3.2K.
Notably, OFFICIAL TRUMP (TRUMP) has posted a loss of over 5.22% in the last 24 hours. It opened the day trading at $7.95, and with the bearish encounter, the price has slipped to a low of $7.54. Upon the bears pulling the price down, it could see more losses, revisiting the former support.
As per CoinMarketCap data, at the time of writing, OFFICIAL TRUMP traded within the $7.53 mark. In addition, the asset’s market cap has reached $1.49 billion, with the daily trading volume of TRUMP decreased by over 43.80%, settling at the $618.33 million range.
Where is the OFFICIAL TRUMP Price Headed Next?
Assuming the price action of OFFICIAL TRUMP turns bearish, it could fall steadily back to the support at around $7.45. With more pressure on the downside, the death cross might emerge and likely send the price below $7.37. Conversely, if a recovery happens, the OFFICIAL TRUMP price might rise and find the immediate resistance at $7.61. The golden cross could form with the upside correction gains more traction, and take the price to $7.69.
TRUMP’s Moving Average Convergence Divergence (MACD) line is positioned below the signal line, which indicates bearish momentum. The price might continue to face downside risk in the short term. Besides, OFFICIAL TRUMP’s Chaikin Money Flow (CMF) indicator at 0.15 suggests moderate buying pressure in the market. The money is flowing into the asset, supporting a bullish bias, though the momentum is not very strong.
The daily Relative Strength Index (RSI) of OFFICIAL TRUMP is at 49.85, implying its neutral zone, neither overbought nor oversold. The market could move in either direction depending on upcoming momentum. Furthermore, TRUMP’s Bull Bear Power (BBP) reading of -0.062 signals slight bearish control in the market. Also, the sellers have a minor advantage. If it continues to drop further, it could signal growing bearish momentum.