The crypto assets display mixed sentiment across the market, and the uncertain condition lingers with their unclear price action. The largest asset, Bitcoin, trades at around 107.4K after a brief spike. Meanwhile, OFFICIAL TRUMP (TRUMP) has registered a solid 13.28% surge in the last 24 hours.  The asset’s trading pattern

• OFFICIAL TRUMP is trading around the $14 level.
• TRUMP’s daily trading volume has surged by 186%.

The crypto assets display mixed sentiment across the market, and the uncertain condition lingers with their unclear price action. The largest asset, Bitcoin, trades at around 107.4K after a brief spike. Meanwhile, OFFICIAL TRUMP (TRUMP) has registered a solid 13.28% surge in the last 24 hours. 

The asset’s trading pattern has formed a series of lows and highs over the last week. It opened the week at around $13, and the bears took the price to a low range of $12.  At the time of writing, OFFICIAL TRUMP is trading within the $14.55 range, with a market cap of $2.91 billion. 

In the early hours, TRUMP has visited its daily low of $12.74, and later the bullish shift drove the price to its peak at around $14.86.A potent break above the $15 level could kickstart a steady rally toward new highs. 

Moreover, as per Coinglass data, the market has experienced a 24-hour liquidation of $4.17 million worth of TRUMP. The asset’s daily trading volume has increased by 186%, reaching $1.72 billion.

Will Bulls Drive OFFICIAL TRUMP Higher?

OFFICIAL TRUMP exhibits the bullish takeover on the four-hour chart, signalling a trend reversal. The asset’s jump above the $14.90 level could trigger a resurgence in demand. It likely pushes the token to reclaim the $15 threshold and above. An extended gain might bring in more upside correction. 

Assuming the asset’s price prints a red chart, it generally hints at a bearish trading pattern. The formed red candlestick might pull TRUMP back to find its key support at the range of $14.10. Further losses could put additional downside pressure, and may invite the death cross, sending the price to the $13 mark.

The Moving Average Convergence Divergence (MACD) line of OFFICIAL TRUMP has crossed above the signal line, indicating a bullish crossover. Also, the upward price pressure is building, and traders consider this a buying signal. Besides, the Chaikin Money Flow (CMF) indicator of the asset at 0.28 suggests strong buying pressure in the market, and the money is flowing into the asset. 

In addition, TRUMP’s daily relative strength index (RSI), found at 71.42, signals that the asset is in overbought territory, with the potential risk of a price pullback or consolidation. Notably, the Bull Bear Power (BBP) reading of 1.87 infers that bulls are currently in control, which can support the price gain if sustained.

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