Investors Experience Significant Losses in Cryptocurrency Market
Market Decline: The cryptocurrency market faced a significant drop on August 5th, with Bitcoin losing nearly 20% of its value and falling below $50,000, driven by US growth concerns, political uncertainties, and changes in the Bank of Japan's policies.
Investor Sentiment: Over $1 billion in Bitcoin liquidations occurred, and the Crypto Fear and Greed Index plummeted from 74 to 26, prompting advice for investors to reduce risk exposure and remain calm during market volatility.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 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 stock.
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 | 1.55 | 2.285 | 3.05 | 3.785 | 4.55 | 5.285 | 6.05 |
| Fibonacci | 2.285 | 2.858 | 3.212 | 3.785 | 4.358 | 4.712 | 5.285 |
About TRUMP
About the author
