Crypto Market Stays in 'Fear' Following Trump's Agreement with China
US-China Trade Negotiations Impact: Recent trade discussions between the US and China have sparked cautious optimism in the cryptocurrency community, with analysts suggesting that improved diplomatic relations could boost investor confidence and lead to a bullish phase in crypto markets.
Crypto Market Sentiment: The Crypto Fear & Greed Index has shown a slight improvement, moving from a score of 33 to 37, indicating a modest shift towards optimism despite ongoing geopolitical uncertainties.
Market Dynamics and Historical Context: Historical links between US-China trade tensions and crypto volatility are evident, as significant market swings have occurred in response to tariff announcements, highlighting the sensitivity of the crypto market to geopolitical developments.
Early Bull Market Phase: Analysts believe the cryptocurrency market is still in the early stages of a potential bull run, with traders expressing bullish sentiments and hoping for stability in major digital assets like Bitcoin and Ethereum, despite limited immediate gains.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.528 | 1.677 | 1.85 | 1.999 | 2.172 | 2.321 | 2.494 |
| Fibonacci | 1.677 | 1.8 | 1.876 | 1.999 | 2.122 | 2.198 | 2.321 |
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