- OFFICIAL TRUMP is trading within the $8 zone.
- TRUMP’s trading volume has settled at $330M.
The crypto market is stuck in limbo, with the token’s prices bouncing around, and no clear trend is emerging. With the neutral sentiment across the board, the largest asset, Bitcoin (BTC), is hovering at the $112.3K zone, while Ethereum (ETH), the largest altcoin, trades near $4.3K. Notably, OFFICIAL TRUMP (TRUMP) has plummeted by over 0.03%.
TRUMP began the day trading at a high range at around $8.84. Gradually, with the bearish shift within the market, the price has steeply fallen toward a low of $8.57. If the bears strengthen their hold, the asset’s price might face more losses, slipping to its former lows.
The CoinMarketCap data reported that the OFFICIAL TRUMP traded within the $8.76 level, with the market cap reaching $1.76 billion at the time of writing. In addition, after dropping briefly, the daily trading volume of TRUMP has settled at $330.58 million.
Where is the OFFICIAL TRUMP Price Heading?
If OFFICIAL TRUMP’s bulls took command, the price might climb to the nearby resistance level at $8.81. With the continuation of the upside correction, a golden cross could unfold and drive the price toward the $8.86 mark. Assuming the asset flips the momentum bearish, the OFFICIAL TRUMP price could fall back and find support at around $8.71. An extended correction on the downside might trigger the death cross to occur, sending the price below $8.66.
Moreover, the Moving Average Convergence Divergence (MACD) line of TRUMP is found briefly above the signal line, indicating a short-term bullish momentum. The price may see an upward move. OFFICIAL TRUMP’s Chaikin Money Flow (CMF) indicator is positioned at 0.15, suggesting a mild positive sentiment and buying pressure in the market. The money is flowing into the asset, and with sustained higher values, it would hint at stronger accumulation.
The daily Relative Strength Index (RSI) value of TRUMP is at 65.11, which likely points to a mildly strong momentum. There is more room for further gains, and with that, the asset may approach the overbought zone. Besides, OFFICIAL TRUMP’s Bull Bear Power (BBP) reading of 0.21 signals a moderate bullish dominance in the market, supporting the upward momentum. A potential reversal is expected since the value is not extremely strong.
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