Trump Claims Iran Deal Could Be Reached Soon Amid Ceasefire Tensions

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Deal Prospects: Trump stated that a deal between Iran and Israel could be reached in 'two or three days,' despite the recent breakdown of the ceasefire, which may impact market confidence in energy trade.
Strait of Hormuz Significance: Trump claimed that the Strait of Hormuz would reopen 'immediately' after an agreement, highlighting its critical role as a pressure point in global energy trade, where any delays could lead to price volatility.
Oil Price Reaction: Following Trump's ceasefire comments, Brent crude prices fell by 1.3% to $93.02 per barrel, indicating market concerns about future developments that could affect global economic recovery.
Gold Market Risks: Analysts predict that if the Strait of Hormuz remains closed, gold prices could drop to $3,500 per ounce, a 19.7% decline from current levels, reflecting diminishing confidence in gold as a safe-haven asset.

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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	0.855	1.173	1.487	1.805	2.119	2.437	2.751
Fibonacci	1.173	1.415	1.564	1.805	2.047	2.196	2.437

About TRUMP

$TRUMP are now freely tradeable on the blockchain. On July 13, 2024, President Trump faced death and came up fighting! With his fist in the air and the iconic battle cry FIGHT FIGHT FIGHT, President Trump showed the world what a LEADER is made of. His strength and courage ignited a movement becoming the most memorable meme of the century.Now, you can get your piece of history. This Trump Meme celebrates a leader who doesn’t back down, no matter the odds. Join the Trump Community - we’re all about fighting for what matters.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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