- TRUMP’s price has declined by 54% from its all-time high price.
- The Maga crypto price is not trading in any trusted exchanges.
The MAGA crypto has witnessed huge volatility over the last few days which results in 28.47%. The market cap dominance of the crypto is also very low resulting in 0.01%.
The current market cap of the crypto is $219.366M where the market cap declined by 13.9% in the last 24 hours. Also, the current market cap ranking of the crypto is #298 as per CoinMarketCap.
The value for the traded volume of the crypto has also witnessed a decline of 36.5% over the last 24 hours which further results in a traded value of $3.874M. The volume/market cap ratio of the crypto is 1.82% which shows that the liquidity of the crypto is very low.
The circulating supply of the crypto is 42.055M TRUMP which is followed by a total supply of 46.502M TRUMP. Also, the max supply of the crypto is not disclosed while the fully diluted market cap of the crypto is $243.2M.
The all-time high price of the MAGA crypto is $6.14 and the price of the crypto since then has declined by 54.7%. It was recorded on the 4th of March 2024. Also, the all-time low price of $0.007792 was hit on August 22, 2023. The price since then has advanced by 67000%.
The sentiment of the crypto is also bullish as per Coincodex and the fear and greed index is also indicating greed among the investors. Moreover, the Onchain market cap of the crypto is $245.81M.
Price Volatility Vs Weighted Sentiment For MAGA Crypto
As per the Satiment chart, the average daily volatility of the crypto is 0.052 while the weighted sentiment of the crypto has highly declined. This shows lack of social engagement in TRUMP coin.
TRUMP Crypto Technical Analysis
The trading price of the TRUMP coin is trading inside an expanding wedge pattern on the daily timeframe chart. The price of the crypto is currently taking support at the lower band of the wedge pattern.
The price further is witnessing rejections for the higher levels in the crypto price. This indicates the buying pressure from the current levels in the crypto price which might lead the price to higher levels.
TRUMP/USD Chart by TradingView.com
The 20-day and the 50-day EMAs are trading in a bearish cross and the price is also sliding below the same. It further has recently broken down below the 200-day EMA on the 4H chart. If any bullish crossover of the 20-day and the 50-day EMA takes place in the upcoming days, further advances in the prices might be witnessed.
The signal line and the MACD line on the 4H timeframe are trading below the zero level followed by the bullish crossover. If the lines further advance above the zero level, a further surge in the price can be seen.
The RSI is very volatile on the charts indicating uncertainty in the momentum of the chart. This further represents strong volatility in price.
Summary
The MAGA crypto, TRUMP, faces uncertain market conditions with declining sentiment and low liquidity. Trading within an expanding wedge pattern, it shows signs of potential upward movement but remains susceptible to high volatility.
Technical indicators suggest a mixed outlook, with potential for both bullish and bearish scenarios, making future price movements uncertain.
Technical Levels:
- Support levels: $2.640 and $3.8800
- Resistance levels: $8.50 and $10.800
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.