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

TheNewsCryptoPubblicato 2025-12-16Pubblicato ultima volta 2025-12-16

Introduzione

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?

Letture associate

Misjudged A-Shares: Resilience, Expectations, and Confidence

China's A-share market recently faced selling pressure, especially in tech sectors, initially triggered by a global tech sell-off that began in South Korea. However, the article argues this is a case of "mistaken injury" and highlights the market's underlying resilience. This resilience stems from three main pillars: **1) Tech Sector Fundamentals:** Unlike Korea's market dominated by a few memory chip stocks, China's tech sector is diversified across computing, communications, electronics, and semiconductors, supported by dual narratives of global AI supply chains and domestic substitution. Core areas like optical modules and fiber optics continue to show strong earnings growth. **2) "National Team" Support:** State-backed institutions and large corporations have made significant market purchases and announced buybacks, providing liquidity and signaling confidence. This is seen as a stabilizing policy signal, often associated with market bottoms. **3) Broader Market Pillars:** Other major sectors are showing endogenous recovery momentum. Consumer stocks benefit from stabilizing CPI and signs of sector recovery (e.g., liquor price hikes). Cyclical sectors like aluminum have high earnings, potential price increases due to tight supply, and low valuations. The financial sector offers stable dividends and low valuations. The conclusion is that the sell-off was driven by external contagion, not a collapse in fundamentals. With strong policy support and recovering momentum across key sectors, the A-share market possesses the toughness to regain stability.

marsbit6 min fa

Misjudged A-Shares: Resilience, Expectations, and Confidence

marsbit6 min fa

Quantum Computers Haven't Arrived Yet, but Satoshi's 1.1 Million Bitcoin Pose the First Problem

A zero-knowledge proof tool can help modern Bitcoin wallets migrate assets before quantum attacks in milliseconds. However, approximately 1.1 million bitcoins mined by Satoshi Nakamoto before 2012 are fundamentally unprotected by such solutions, as they reside in older P2PK addresses lacking the hierarchical structure required for this cryptographic rescue. This exposes a critical divide: post-2012 HD wallets can potentially "upgrade" signatures using tools like Project Eleven's, while early coins are cryptographically isolated. The community faces a political, not technical, dilemma with four contentious options: 1) Let quantum attackers seize the coins, risking market instability; 2) Hard fork to freeze vulnerable addresses, seen as violating property rights; 3) Implement extreme spending limits to slow any attack; 4) Redistribute "orphaned" coins, breaking immutability. Each solution threatens a core Bitcoin tenet. The market is already pricing in this governance risk, as evidenced by institutional divestment citing uncertainty. The true crisis isn't the arrival of quantum computing, but the community's inability to reconcile its foundational principles with an existential technological shift.

marsbit14 min fa

Quantum Computers Haven't Arrived Yet, but Satoshi's 1.1 Million Bitcoin Pose the First Problem

marsbit14 min fa

Where Will the Next Bull Market's Main Battlefield Be? The Answer Lies in These Two Types of Assets

Matt Hougan, Bitwise's CIO, identifies the fusion of traditional finance and on-chain finance as the core driver for the next crypto bull market. He expects this cycle, propelled by real-world utility and global finance adoption, to be the largest yet, centered on stablecoins, asset tokenization, 24/7 trading, instant settlement, and institutional DeFi growth. The article outlines two primary investment approaches tied to this trend. The first focuses on native crypto applications with strong revenues and sustainable tokenomics, exemplified by Hyperliquid (HYPE). Its Layer-1 chain is gaining significant trading volume from traditional assets like oil and equities. Its model of using 99% of revenues for token buybacks is a key strength. The second approach targets established traditional firms building at scale on crypto rails, like Robinhood. The launch of its Robinhood Chain, enabling global trading of tokenized stocks and DeFi activities, represents a major move towards this fusion. The author also notes other serious contenders like Coinbase, Figure, BlackRock, and JPMorgan. Ultimately, the thesis is that the most profound success will come when blockchain technology seamlessly integrates into finance, becoming invisible to end-users. Investors are advised to position ahead of this convergence.

Foresight News18 min fa

Where Will the Next Bull Market's Main Battlefield Be? The Answer Lies in These Two Types of Assets

Foresight News18 min fa

The Clarity Act's Journey Through Congress: The Thorny Path of Bipartisan Compromise in the U.S.

The U.S. Congress is struggling to advance the crypto market structure bill known as the Clarity Act, with bipartisan compromise proving difficult. Key hurdles include unresolved disputes over "yield" products and, more critically, the inclusion of strong ethics provisions for elected officials—a non-negotiable demand for many Democrats. While a compromise on yield was reached in May, securing only limited Democratic support in committee, the separate Senate Agriculture Committee version later passed with no Democratic votes due to the ethics impasse. As Republicans push for a full Senate vote in July, demands for ethics rules have expanded, and other contentious issues like developer protections and concerns from law enforcement and large banks further complicate negotiations. Despite consensus on the need for legislation, the path forward is unclear. Recent discussions between senators and White House officials aim to find acceptable ethics language. Some lawmakers question whether a compromise text can garner enough bipartisan support, with one Democrat stating the current proposal lacks the strong ethics provisions required for their vote. Potential short-term goals for the crypto community include symbolic Senate action before the August recess, a longer-term aim for passage by 2026, or establishing a detailed framework that addresses ethics and other compromises. The process remains arduous, relying on the traditional, vote-by-vote effort to build bipartisan support.

marsbit26 min fa

The Clarity Act's Journey Through Congress: The Thorny Path of Bipartisan Compromise in the U.S.

marsbit26 min fa

Are Kalshi and Polymarket Founders at Odds? This Business Rivalry Is More Brutal Than You Think

"The Rivalry Between Kalshi and Polymarket Founders Turns Bitter and Litigious" The intense feud between Tarek Mansour, CEO of Kalshi, and Shayne Coplan, founder of Polymarket, has escalated far beyond typical business competition into personal animosity and regulatory battles. Both lead billion-dollar prediction market platforms, but their approaches differ sharply. Kalshi positions itself as the compliant operator, securing U.S. regulatory approval before launching. In contrast, Polymarket initially operated offshore, allowing U.S. users to access its platform via VPN, which drew regulatory scrutiny. The conflict reached a peak in November 2024 when FBI agents raided Coplan's New York apartment. While Coplan publicly blamed political motives, his team privately suspected Kalshi was involved. According to sources, Kalshi's lawyers had previously reported Polymarket's operations to federal prosecutors, highlighting its accessibility to U.S. users despite a ban. This incident fueled mutual accusations and underhanded tactics, including social media smear campaigns and attempts to sabotage each other's major business deals. Their rivalry also played out in Washington, influencing regulatory debates. Kalshi actively lobbied against Polymarket's practices, framing them as illegal and unethical. Polymarket, after facing a CFTC fine and investigation, later acquired a licensed U.S. firm to launch a domestic app, regaining a foothold. Despite the hostility, both companies have seen massive growth, with combined trading volumes soaring. However, increased regulatory scrutiny, particularly around insider trading on Polymarket's platform, continues to pose challenges. The founders' deep-seated mutual disdain ensures their battle for market dominance remains as much a personal vendetta as a commercial one.

marsbit35 min fa

Are Kalshi and Polymarket Founders at Odds? This Business Rivalry Is More Brutal Than You Think

marsbit35 min fa

Trading

Spot