news 
TRUMP Price Prediction: Is $5 the Next Target for the Memecoin?
The cryptocurrency market is known for its unpredictability and volatility, but some assets have consistently defied expectations. One such asset is TRUMP, which has been experiencing a prolonged bearish trend in recent times. As the bears continue to gain strength, many investors are left wondering if $5 will be the next target for the memecoin.
At press time, the OBV (On Balance Volume) had fallen significantly, indicating a drastic increase in sell pressure. The RSI (Relative Strength Index) is at an extremely low 23%, further emphasizing the bearish momentum that has taken over the market. This data suggests that any accumulation made over the past three weeks has been completely wiped out by the sellers.
The 12-hour chart presents a grim picture as well, with all indicators pointing towards a continuation of this bearish trend. The OBV is plummeting and the RSI remains deep in oversold territory. There is a possibility that TRUMP could fall to $4.47 on this timeframe, which would be a significant decrease from its current price.
Furthermore, there is a level at $7.6 that may act as support for the memecoin’s bulls, but given the overall sentiment in the market, it seems unlikely that this will mark a reversal. The RSI is trying to climb out of oversold territory on the 2-hour chart, but the OBV remains strongly bearish.
The data suggests that $5 could be a potential target for TRUMP if this trend continues.
Source: https://ambcrypto.com/trump-price-prediction-is-5-the-next-target-for-the-memecoin
