Explore price analysis, key support & take-profit levels for Official Trump token ahead of his June 14 birthday. Will TRUMP rally or crash?

Highlights

TRUMP price has crashed 36% since the May 22 swing high of $16 and is currently trading at $10.31.

Key support levels to watch include $9.54 and the demand zone between $8.02 and $8.63.

Potential resistance levels include the Fair Value Gap between $13.14 and $13.91, Selling Climax Level at $14.27, and Equal Highs at $16.44.

The Official Trump (TRUMP) price is on a downtrend and has crashed 36% since the May 22 swing high of $16. But this downtrend could exhaust, leading to a massive pump ahead of US President Donald Trump’s birthday on June 14. This event or announcement from Trump could spark a significant move to the upside.

Official Trump Price Analysis & Prediction

The one-day chart shows the Official Trump price has been on a downtrend since May 22, producing a series of lower highs and lower lows. This flush has pushed the TRUMP token to a key support level at $9.54, which was tested on Jun 5, leading to a 17% bounce that is also coming undone.

While the recent recovery attempt may seem promising, the Relative Strength Index (RSI) indicates that bearish momentum remains in control, according to TradingView. But the RSI has not tagged the oversold zone below 30, suggesting that there could be a further descent for the TRUMP token price. Typically, a dip into the oversold or overbought territory provides the best risk-to-reward ratio for reversals.

Moreover, the Awesome Oscillator (AO) is producing red histograms of increasing heights below the mean level, further eliminating the possibility of a bottom formation here. The AO also indirectly aligns with RSI in the expectation of a further decline in TRUMP token’s value before attempting a reversal.

#BTC走势分析 #Bitcoin #CryptoNews $TRUMP $BTC