Bearish Shadow Casts Over OFFICIAL TRUMP (TRUMP): How Low Could It Fall?

TheNewsCryptoPublished on 2025-12-16Last updated on 2025-12-16

Abstract

Bearish sentiment dominates the crypto market, with OFFICIAL TRUMP (TRUMP) experiencing a 3.91% decline. Trading around $5.26, the asset faces potential downside toward the $5.20 support level, with further risk of falling below $5.14 if bearish pressure continues. Technical indicators, including the MACD below zero and a negative CMF, signal ongoing bearish momentum. The RSI at 26.81 indicates an oversold condition, which could lead to a bounce if buyers intervene. However, the Bull Bear Power reading of -0.210 confirms current bear dominance. A break above $6 could shift momentum bullish, targeting higher resistance levels.

The renewed red trait across the crypto market brings caution with the potential bearish grip. While looking at the overall candle bars, all of them are falling downwards, losing momentum. The largest asset, Bitcoin, hovers at $86.2K and Ethereum, the largest altcoin, trades around $2.9K. Among the digital assets, OFFICIAL TRUMP (TRUMP) has posted a 3.91% drop.

The trading pattern of the asset has formed a series of lows recently, and in the early hours, TRUMP was trading at around $5.48, and later, with the bearish shift, the price was driven down toward $5.24. A break above the $6 and further could initiate the bulls to climb toward their recent highs.

At press time, OFFICIAL TRUMP is trading within the $5.26 range, with a market cap of $1.05 billion. Besides, the asset’s daily trading volume is briefly up by 7.31%, reaching $186.99 million. The Coinglass data has reported that the market has witnessed a 24-hour liquidation of $935.87K worth of TRUMP.

Can OFFICIAL TRUMP Face More Downside as Bears Take Control?

OFFICIAL TRUMP exhibits a bearish outlook on the recent price chart, and the price might fall to the $5.20 support level. With an extended downside correction, the death cross could deeply retrace the price below $5.14. If the asset turns the trading pattern bullish, the TRUMP price could rise to the resistance range at around $5.32. Upon the upside pressure gains more strength, the golden cross would likely send the price above the $5.38 range.

The Moving Average Convergence Divergence (MACD) line and signal line of the OFFICIAL TRUMP are settled below the zero line, hinting at bearish momentum. The short-term price action is weaker than the longer-term trend. In addition, the Chaikin Money Flow (CMF) indicator value at -0.07 points to a mild capital outflow in the TRUMP market. Also, the selling pressure is relatively weak, which gives caution rather than aggressive distribution.

TRUMP’s daily Relative Strength Index (RSI) resting at 26.81 indicates its deeply oversold condition and the exhaustion on the downside. While it reflects the downtrend, it can be turned into a bounce or relief rally if buyers step in. OFFICIAL TRUMP’s Bull Bear Power (BBP) reading of -0.210 suggests that the bears are dominant in the market. The sellers currently have the upper hand, and if it likely moves toward or above zero, a shift back to buying takes place.

Top Updated Crypto News

Solana (SOL) Under Siege: Can the $120 Support Hold Strong?

Tether Cooperates with U.S. Sanctions to Freeze $344 Million in USDT, Reigniting Debate Over Stablecoin 'One-Click Freeze Authority'

Tether, the issuer of USDT, has frozen over $344 million worth of USDT across two Tron blockchain addresses in its largest-ever single compliance action. The freeze was carried out on April 23 in coordination with the U.S. Office of Foreign Assets Control (OFAC) and other law enforcement agencies. The funds are suspected to be linked to sanctions evasion, criminal networks, or other illicit activities, though specific details were not disclosed. This action comes amid increased U.S. regulatory scrutiny, including sanctions against entities tied to Iran and Mexican drug cartels. Tether’s CEO, Paolo Ardoino, emphasized the company’s commitment to preventing illegal use of USDT, contrasting it with slower responses from competitors like Circle. To date, Tether has frozen over $4.4 billion in assets and collaborates with more than 340 law enforcement agencies across 65 countries. The move has reignited debate within the crypto community over the centralized "freeze authority" held by stablecoin issuers, challenging the notion that "your stablecoins are your own." Critics point to the built-in blacklist function in USDT’s smart contracts, which allows Tether to immobilize funds in targeted wallets, while proponents argue it enhances regulatory compliance and anti-money laundering efforts.

marsbit2m ago

Tether Cooperates with U.S. Sanctions to Freeze $344 Million in USDT, Reigniting Debate Over Stablecoin 'One-Click Freeze Authority'

marsbit2m ago

Why Hasn't the U.S. Seen the Rise of 'Huabei' or 'Jiebei'?

The article explores why the U.S. lacks large-scale consumer credit products like China's "Huabei" and "Jiebei," despite having a developed financial sector. Key reasons include: 1. **Structural Barriers**: A fragmented federal and state regulatory system, reinforced by post-2008 reforms like the Dodd-Frank Act, raises compliance costs and protects traditional banks, stifling fintech innovation. 2. **Credit Card Dominance**: Credit cards, used by 70-80% of adults, form a $1.28 trillion debt market with high APRs (avg. 22.3%). This system cross-subsidizes users who pay in full with those carrying balances, creating a predatory yet entrenched ecosystem. 3. **Data Privacy Laws**: Strict regulations (e.g., FCRA, CCPA) prevent tech giants from leveraging behavioral data for credit scoring, unlike in China where such data fuels fintech models. 4. **Capital Market Disincentives**: Wall Street penalizes tech firms entering finance due to lower valuations associated with heavy regulation and risk, as seen in Apple’s failure with Apple Card. 5. **Banking Oligopoly**: Major banks control consumer lending, leveraging lobbying power and consumer habits to maintain high-cost credit, while alternatives like payday loans (400% APR) or "unbanked" services remain niche or exploitative. Ultimately, regulatory, structural, and corporate interests collectively block the emergence of accessible, low-cost digital lending in the U.S.

Odaily星球日报8m ago

Why Hasn't the U.S. Seen the Rise of 'Huabei' or 'Jiebei'?

Odaily星球日报8m ago

More and More 'Model Supermarkets' Are Opening: ByteDance, Alibaba, and Tencent Compete to Integrate

Chinese tech giants like ByteDance, Alibaba, and Tencent are accelerating the rollout of integrated AI model subscription services—dubbed “model supermarkets”—to provide developers with bundled access to multiple leading domestic large language models (LLMs). ByteDance’s Volcengine recently upgraded its "Coding Plan" by adding newer models like GLM-5.1, Minimax M2.7, and Kimi k2.6, allowing subscribers to use various top models under a single monthly fee starting at ¥40. However, user feedback reveals significant issues, including rapid consumption of usage limits (e.g., hitting caps within hours), frequent server errors (like HTTP 429), and slow response times during peak hours. Complaints about misleading deduction rates—where calls to advanced models consume more quota—are also common. The trend is industry-wide: Alibaba, Tencent, and Baidu have all launched similar multi-model coding plans. While these platforms reduce trial costs for developers, they also expose challenges in balancing affordability with service quality and computational stability. Amid this shift, independent AI companies like Zhipu, MiniMax, and Moonlight Face (Kimi) are developing strategies to avoid becoming mere “pipes” in this ecosystem—focusing on vertical applications, autonomous agents, and long-context models to retain competitiveness. Analysts suggest that, while platform aggregation may pressure model firms in the short term, specialized and vertical AI capabilities will remain differentiated in the long run.

marsbit12m ago

More and More 'Model Supermarkets' Are Opening: ByteDance, Alibaba, and Tencent Compete to Integrate

marsbit12m ago

XRP’s Quantum Readiness In 2 Years: What This Means For Investors

XRP Ledger (XRPL) developers have unveiled a four-phase roadmap to achieve full post-quantum readiness by 2028, positioning it ahead of most major blockchains in addressing this critical security challenge. The plan includes creating a fallback mechanism for fund security, testing quantum-resistant signature schemes, and deploying hybrid cryptographic solutions. Ripple’s engineering lead emphasized that this transition represents a fundamental architectural shift affecting key management and validator infrastructure. The urgency stems from growing quantum computing threats, with research indicating that advanced systems could crack current encryption methods, exposing public keys on-chain. The final phase aims for full native post-quantum cryptography implementation by 2028.

bitcoinist17m ago

XRP’s Quantum Readiness In 2 Years: What This Means For Investors

bitcoinist17m ago

U.S. Soldier Arrested After Betting on Maduro's Ouster Nets $400,000; First Insider Trading Case on Polymarket Concluded

A US Army Special Forces sergeant, Gannon Ken Van Dyke, was arrested and charged by the US Department of Justice for insider trading on the prediction market Polymarket. He used classified information related to "Operation Absolute Resolve," a military operation that led to the capture of Venezuelan President Nicolás Maduro in January 2026, to place bets on Maduro's ouster. Between December 27, 2025, and January 2, 2026, Van Dyke invested approximately $33,034 in 13 bets on Polymarket, all predicting Maduro's removal, US military intervention in Venezuela, and related events. He netted a profit of over $409,881. After the operation, he attempted to conceal his actions by withdrawing funds, changing account details, and requesting the deletion of his Polymarket account. This case marks the first time the US Justice Department has prosecuted insider trading on a prediction market. The CFTC also filed a civil suit, invoking the "Eddie Murphy Rule" from the Dodd-Frank Act, which prohibits trading based on misappropriated government information. The incident highlights broader concerns about insider trading on prediction markets, with similar cases recently reported in Israel and France. Polymarket stated it proactively reported the activity and cooperated with the investigation.

marsbit22m ago

Trading

Spot

Futures