Wednesday, July 2, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

OFFICIAL TRUMP (TRUMP) Price Prediction for February 23: Can It Hold Key Support at $16.00?

Jonathan Carls by Jonathan Carls
February 22, 2025
in Binance Feed, Market
Reading Time: 4 mins read
OFFICIAL TRUMP (TRUMP) price prediction for February 23 Can It Hold Key Support at $16.00
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • TRUMP faces resistance at $16.50, with $16.00 acting as a crucial support level.
  • Rising trading volume signals volatility, but weak momentum keeps the trend bearish.
  • MACD hints at a possible reversal, but open interest decline suggests caution.

OFFICIAL TRUMP (TRUMP) is currently trading at $16.31, reflecting a 3.68% decline in the past 24 hours. The cryptocurrency witnessed fluctuations, with an initial price movement around $16.99 before experiencing a sharp drop below $16.00. 

Although a minor recovery followed, the asset remains in a downtrend. Market participants are closely monitoring support and resistance levels to gauge the next move. With trading volume up by 11.92% and increased volatility, traders anticipate potential price shifts based on key indicators.

Related articles

Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K

Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K

July 1, 2025
Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges

Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges

July 1, 2025

Price Movements and Trend Analysis

TRUMP initially attempted to rise from $16.99 but faced selling pressure, leading to a downward correction. The decline pushed the asset below $16.00 before finding temporary stability. Buyers attempted to regain control, driving the price toward $16.32. However, the overall market sentiment remains bearish. 

Source: CoinMarketcap

Despite efforts to recover, the asset struggles to break out of its downward trajectory. Increased trading activity suggests that market participants are reacting to the latest price fluctuations, which could fuel further volatility.

Key Support and Resistance Levels

The immediate support stands at $16.00, where buyers previously prevented further losses. If this level fails to hold, the next major support lies at $15.75, signaling a deeper correction. 

On the upside, resistance is observed at $16.50, a level where the price faced selling pressure during its recovery attempt. Beyond this, the $16.99-$17.00 range serves as a critical barrier, as past rejections in this zone triggered notable declines. A break above this level could indicate bullish momentum, while failure to sustain above $16.50 may keep the asset in a bearish phase.

Market Outlook and Technical Indicators

The market’s outlook remains uncertain, with potential price movement hinging on whether TRUMP holds above $16.00. A sustained position above this support may pave the way for a retest of $16.50 and possibly $16.99. Conversely, a breakdown below $16.00 could expose the price to further declines toward $15.75.

TRUMP/USD daily price chart, Source: Trading view

Technical indicators provide additional insights into the current trend. The Relative Strength Index (RSI) stands at 43.32, placing the asset in neutral territory. This reading suggests that the market is neither overbought nor oversold, though weak momentum persists.

The Moving Average Convergence Divergence (MACD) remains negative, with the MACD line at -3.618 and the signal line at -4.596. Although bearish sentiment prevails, a potential crossover could indicate a reversal if buyers step in.

Derivatives Market Activity and Impact

As per Coinglass data, TRUMP’s derivatives market data shows a 5.16% rise in trading volume, reaching $1.57 billion. This surge highlights increased participation and heightened activity. However, open interest declined by 13.95% to $445.88 million, suggesting reduced outstanding contracts. This drop could stem from liquidations or traders locking in profits. 

Tags: Altcoin NewsMarket News

Related Posts

Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K

Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K

by Munene Timothy
July 1, 2025

BTC faces strong resistance at $108,924, a level repeatedly absorbing liquidity, signaling the need for volume-backed breakout strength. Support at...

Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges

Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges

by Irene Mukiri
July 1, 2025

Bullish divergence on OP/BTC hints at weakening sell pressure and possible breakout. OP/USDT holds $0.40 support as whales accumulate, signaling...

Solana Finalizes TSLAx Trades Instantly as Ethereum L2s Face Settlement Delays

Solana Finalizes TSLAx Trades Instantly as Ethereum L2s Face Settlement Delays

by Veronicah Peninah
July 1, 2025

Solana enables instant Layer 1 settlement for tokenized assets like TSLAx, ensuring immediate legal ownership. Ethereum L2s delay final ownership...

Crypto Market Sees Minor Pullback Amid Record Stock Highs, Small Caps Take the Spotlight

Crypto Market Sees Minor Pullback Amid Record Stock Highs, Small Caps Take the Spotlight

by Jonathan Carls
July 1, 2025

Bitcoin and Ethereum dip despite record highs in S&P 500 and Nasdaq indexes Arbitrum and small-caps rally amid Robinhood rumors...

XRP Price Prediction What a 50x Surge Could Look Like

XRP Price Prediction: What a 50x Surge Could Look Like

by Munene Timothy
July 1, 2025

XRP must break $2.25 resistance to attempt revisiting the $3 region, following its current tight range between $2.05 and $2.23....

Load More

Recent News

  • Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K
  • Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges
  • Solana Finalizes TSLAx Trades Instantly as Ethereum L2s Face Settlement Delays
  • Crypto Market Sees Minor Pullback Amid Record Stock Highs, Small Caps Take the Spotlight
  • XRP Price Prediction: What a 50x Surge Could Look Like

Popular News

  • JasmyCoin Sets Bold $17 Price Target by 2026 as User Adoption Surges

    JasmyCoin Sets Bold $17 Price Target by 2026 as User Adoption Surges

    227 shares
    Share 91 Tweet 57
  • Will SHIB’s Utility Tokens Fuel Its Rise Over TON?

    204 shares
    Share 82 Tweet 51
  • Solana: SOL Has Just Reclaimed $7 Billion in DeFi TVL

    231 shares
    Share 92 Tweet 58
  • Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

    199 shares
    Share 80 Tweet 50
  • Aptos and Filecoin Lead the Next Layer 1 Push — Will They Sustain the Rally?

    195 shares
    Share 78 Tweet 49

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K
Bitcoin Dips but Buying Opportunities Remain as Price Eyes Breakout Above $110K
July 1, 2025
Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges
Optimism (OP) Poised for Breakout as Whales Accumulate and RSI Diverges
July 1, 2025
Solana Finalizes TSLAx Trades Instantly as Ethereum L2s Face Settlement Delays
Solana Finalizes TSLAx Trades Instantly as Ethereum L2s Face Settlement Delays
July 1, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact