#اخبار_الكريبتو_العاجلة #اقتصاد_رقمي #عملات_رقمية #wct $TRUMP
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Trump's official stock is currently trading at around 8 dollars.
Trump's daily trading volume has increased by over 36%.
The 1.96% decline in the cryptocurrency market has led to upward and downward price fluctuations. As fear persists in the asset markets, both Bitcoin (BTC) and Ethereum (ETH) are losing their recent gains, currently hovering between $110.1 thousand and $3.9 thousand. Meanwhile, Trump's official currency (TRUMP) has seen strong gains of 6.89%.
After a series of ups and downs, Trump entered a zone of optimism, opening today's trading at its lowest level of $7.72. It tested some significant resistance levels, and with upward pressure, the price rose to its highest point of $8.64. According to CMC data, Trump's official trading is around $8.16 at the time of writing.
The market capitalization of Trump's stock is $1.64 billion, and the daily trading volume of Trump's stock has increased by 36.70% to reach $2.61 billion. Additionally, the market witnessed a liquidation of $17.81 million of Trump's shares over the past twenty-four hours, according to CoinGlass data.
Trump's official stock is rising – can it maintain its momentum?
The Moving Average Convergence Divergence (MACD) line for Trump's official stock has crossed above the signal line, indicating a bullish signal. Current momentum is directed towards buyers, and the stock price may begin to rise. This could gradually confirm the strength of the upward trend in the market.
TRUMP chart (Source: TradingView)
Furthermore, it is noted that the Chaikin Money Flow (CMF) indicator for Trump's stock is at 0.06, indicating slight buying pressure in the market. Notably, the capital inflow into the asset is greater than its outflow, suggesting an upward trend. If the value continues to rise above 0.10, it will confirm a stronger cumulative trend.
The chart of Trump's official stock price shows an upward trend, and it may rise towards the key resistance level at $8.26. Further increases may be triggered by the emergence of a golden cross, potentially pushing bullish speculators to drive the asset price to the range of $8.36 or higher.
If the trading of the symbol enters a downward zone, its official price (TRUMP) may drop to its recent lows at $8.06. Any extended downward correction could lead to the emergence of a death cross, increasing pressure and pushing the price to $7.96.
Moreover, the daily Relative Strength Index (RSI) for TRUMP is at 66.99, indicating that it may be approaching overbought territory. If it surpasses the 70 level, a pullback or correction may occur. The Bull Bear Power (BBP) reading for TRUMP (buying and selling power) at 0.627 indicates that the bulls currently dominate the market. Buying pressure outweighs selling pressure, with momentum favoring the upward trend.