CryptoSignals News
Join our Telegram

OFFICIAL TRUMP (TRUMP/USDT) Faces Continued Downtrend, Struggling to Hold Above Key Support

Estimated Reading Time: 3 minutes

Article Rating:
Based on 1 vote
Login to rate this article.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more

OFFICIAL TRUMP (TRUMP/USDT) Faces Continued Downtrend, Struggling to Hold Above Key Support

In the last 24 hours, the market for Official Trump against Tether has fallen by 0.77%, extending bearish frontiers both on the weekly and monthly charts. As it stands, the token has unlocked 4.89 million since Nov. 17, as the crypto greed and fear indicator suggests extreme fear for the pair.

However, the price action on the daily chart indicates the pair appears to have been hovering around a spot for the last 3 days, projecting the impression that a bullish recovery might be on the way if the bulls can push the price above the $6.61 resistance area.

At the moment, the indicators on the daily timeframe suggest no impending sudden activity currently ongoing, but the oversold condition of the Stochastic RSI may trigger an upward move soon.

Currently, Official Trump trades at $6.165 with more than 886,000 volumes on the daily chart.

OFFICIAL TRUMP (TRUMP/USDT) Faces Continued Downtrend, Struggling to Hold Above Key Support
TRUMPUSDT-Daily Chart

Technical Indicators

Major Resistance Levels: $6.610, $7.100, and $8.100

Major Support Levels: $6.100, $5.500, and $5.000

Technical Analysis

On the daily timeframe, Official Trump against Tether has revealed a strong and prolonged downtrend, moving below the Guppy Multiple Moving Averages (GMMA) as the Stochastic RSI continues to move on a straight line in the oversold region. However, the bearish signal on the daily chart appears weak with rising volume, reinforcing the struggle for any upward momentum.

To this end, if the price can hit above $6.610, a move into the $14.00 range may be recorded; otherwise, the trend may remain the same.

Meanwhile, @VipRoseTr has suggested a reversal pattern for Official Trump. The analyst opined that the price of the token is now in an important zone for recovery after months of decline. Therefore, it was observed by the analyst that the token might hit some vital point above the current price level.

TRUMP/USDT Analysis: Facing Short-term Bearish Pressure

On the 4-hour chart, TRUMP/USDT appears to be faced with continuous bearish activity as the price lingers around $6.18 and $6.20. Meanwhile, the Stochastic RSI that signaled an upside move in the previous session now points south. This suggests the price in this timeframe may continue to oscillate on the spot if the $6.250 line remains intact.

To this end, the current price action on the smaller timeframe signals the presence of a strong bearish pressure, one that has all bullish attempts in check.

OFFICIAL TRUMP (TRUMP/USDT) Faces Continued Downtrend, Struggling to Hold Above Key Support
TRUMPUSDT-4H Chart

 

You can purchase crypto coins here. Buy Crypto

Recent News

January 30, 2023

Dogecoin (DOGE/USD) Price Is Holding a Recession Close to $0.10

Dogecoin Price Prediction – January 30A depression weight has been somewhat garnering as the DOGE/USD price is holding a recession close to $0.10. The market movers’ capacities have featured between the high and the low at $0.0910 and $0.0886 points. The price percentage rate of trading is at 1.11 ...
Read More
June 10, 2025

Decentraland (MANAUSD) Remains Under Mild Pressure

MANAUSD Price Analysis – Mild Pressure on Buyers MANAUSD remains under mild pressure as buyers attempt to make an offensive pullback toward the $0.300 key level. Since the start of the month, buyers have been working diligently to breach this resistance. However, bearish strength has been pre...
Read More

Join Our Free Telegram Group

We send 3 VIP signals a week in our free Telegram group, each signal comes with a full technical analysis on why we are taking the trade and how to place it through your broker.

Get a taste of what the VIP group is like by joining now for FREE!

arrow Join our free telegram