The cryptocurrency market experienced fluctuations today as profit-taking persisted. Bitcoin declined to $108,300**, while the total market capitalization dipped to **$3.42 trillion. Liquidations over the past 24 hours decreased by 6% to $203 million. This analysis covers price predictions for prominent tokens like TRUMP, SPX, and HYPE, offering insights into their potential trajectories.
Market Overview
Traders await key catalysts, including:
- NVIDIA’s earnings report
- Federal Reserve meeting minutes
- US GDP data (Thursday)
- Personal Consumption Expenditure (PCE) data (Friday)
These events could significantly influence market sentiment. Below, we delve into the technical and fundamental outlooks for Official Trump (TRUMP), SPX6900 (SPX), and Hyperliquid (HYPE).
TRUMP Price Prediction
Current Status
- Price: $12.65 (May 28)
- Decline: 20% from May’s peak
Technical Analysis
Key Indicators:
- Trading below the 50-period EMA
- Breached the 38.2% Fibonacci Retracement level
- Testing support at $12.30 (held since May 13)
Pattern Alert:
- Bearish pennant formation suggests potential downward breakout.
Price Targets
- Bearish Scenario: Drop to $10.40 (May 6 low).
- Bullish Invalidation: Surpassing $14.
👉 Explore real-time TRUMP price charts
SPX Price Prediction
Current Status
- Price: $0.9900 (near **$1** psychological barrier)
- Rally: 300%+ since April lows
Technical Analysis
Key Indicators:
- Supported by 50-period MA
- Rising wedge pattern nearing completion
Pattern Implication:
- Typically precedes a breakdown.
Price Targets
- Bearish Scenario: Pullback to $0.6700 (March 26 high).
- Bullish Continuation: Break above wedge’s upper trendline.
HYPE Price Prediction
Current Status
- Price: $35** (down from **$39.8 ATH on May 26)
- YTD Performance: 280% surge
Technical Analysis
Key Indicators:
- Retesting former ATH as support
- Emerged from a cup-and-handle pattern (66% depth)
Upside Potential:
- Measured move suggests target of $47.26.
👉 Track HYPE’s live market data
Market Outlook Summary
Despite short-term volatility, long-term fundamentals remain strong:
- Bitcoin ETF inflows approach $44 billion.
- Exchange/OTC supplies continue shrinking.
- Macro catalysts (Fed, earnings) may reignite bullish momentum.
FAQs
Why are crypto prices under pressure?
Profit-taking and pre-event caution (Fed/NVIDIA) are driving consolidation.
What’s next for TRUMP?
A breakdown below $12.30** could push it toward **$10.40.
Is SPX’s rally sustainable?
A wedge breakout above $1 would confirm bullish continuation.
Will HYPE rebound?
The cup-and-handle pattern suggests a $47.26 target if support holds.
Disclaimer: This content reflects market conditions and the author’s analysis. Conduct independent research before investing. Advertisers have no influence on our editorial process.
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