OFFICIAL TRUMP is currently trading around $6.10, with technical analysis indicating bearish trends for the asset. The broader cryptocurrency market exhibits cautious sentiment, reflected by red candlesticks across several major coins like Bitcoin and Ethereum. While Bitcoin trades at roughly $111,300, Ethereum sits at around $4,000, both experiencing downtrends. OFFICIAL TRUMP has experienced a 2.32% decline in the past 24 hours. The asset initially traded at around $6.26, and it has fallen to a low range of $5.95 with bears driving prices down. If bearish momentum strengthens further, the price could plunge toward former support levels. CoinMarketCap data shows OFFICIAL TRUMP currently trading at $6.10 with a market cap of $1.22 billion. Notably, daily trading volume has spiked by 6.25%, reaching $344.12 million, according to CoinMarketCap. What is the future for OFFICIAL TRUMP’s price? The asset’s Moving Average Convergence Divergence (MACD) line and signal line are below zero, suggesting a negative outlook. The distance between the MACD and signal line reveals how strong the bearish momentum is, with a wider gap indicating increased bearish pressure. Additionally, the Chaikin Money Flow (CMF) indicator of TRUMP at 0.15 indicates moderate buying pressure in the market. The positive value suggests money is flowing into the asset. OFFICIAL TRUMP’s Relative Strength Index (RSI) sits at 40.96, indicating a slight bearish trend for the asset. It’s not yet oversold, so further price declines are possible. The Bull Bear Power (BBP) reading of -0.078 indicates moderate selling pressure in the market. If buying pressure isn’t strong enough to counter this downward momentum, we may see the asset continue to fall. The bearish trend for OFFICIAL TRUMP might lead to a decline to the $6.03 level. Further price drops could send the token below the $5.95 threshold. On the other hand, if OFFICIAL TRUMP’s price begins to move in a positive direction, it could rebound and challenge resistance at around $6.17. Additional gains may also strengthen bullish sentiment and potentially push prices up to the $6.25 mark.