NewsletterCrypto Price Predictions Today: TRUMP, SPX, HYPE
Highlights
- This crypto price prediction looks at some of the viral tokens.
- Trump coin price is on the verge of a breakdown after forming a bearish pennant.
- HYPE price will likely resume the uptrend after forming a cup and handle pattern.
Crypto price today wavered as profit-taking continued. Bitcoin dropped to $108,300, while the combined market cap of all coins dropped to $3.42 trillion and the 24-hour liquidation fell by 6% to $203 million. This article provides crypto price predictions for top coins like TRUMP, SPX, and HYPE.
Top Crypto Price Predictions
The crypto market wavered today as traders wait for NVIDIA earnings and the closely-watched Federal Reserve minutes. It will also react to the upcoming US GDP data on Thursday and personal consumption expenditure (PCE) on Friday. Let’s explore the forecasts for Official Trump, SPX6900, and Hyperliquid tokens.
TRUMP Price Prediction
The Trump coin price has sold off after the hype of the presidential dinner faded, and some of the attendees sold their tokens. TRUMP trades at $12.65 today, May 28, down by 20% from its highest point this month.
Trump price has dropped below the 50-period Exponential Moving Average (EMA) and the 38.2% Fibonacci Retracement level on the eight-hour chart. It is hovering slightly above the key support at $12.30, where it has failed to move below several times since May 13.
Trump coin is also forming a bearish pennant pattern, a risky sign that often results in a bearish breakdown. Therefore, the most likely Trump crypto price prediction is bearish, with the next target being at $10.40, its lowest point on May 6. The bearish outlook will become invalid of the coin rises above $14.
SPX Price Prediction
The SPX price token has experienced a strong surge in the past few weeks, rising from a low of $0.2477 in April to $0.9762, its highest point since February 2. SPX trades at $0.9900 today, a few points below the key point at $1.
Its upside is being supported by the 50-period moving average, and it has formed a rising wedge as it nears the psychological point at $1. A wedge comprises two ascending and converging trendlines and often leads to a breakdown.
While the most likely SPX crypto price prediction is bullish, there is a likelihood that it may pull back as the two lines of the wedge pattern converge. If this happens, the next point is at $0.6700, the highest point on March 26. A move above the upper side of the wedge will invalidate the bearish forecast.
HYPE Price Prediction
The HYPE price has been one of the best-performing coins this year as the Hyperliquid volume, revenue, and open interest soared. It has jumped by 280% from its lowest level in April.
After peaking at $39.8 on May 26, the HYPE trades at $35 today as investors, including James Wynn, take profits and the rally takes a breather. It has retested a crucial support since the current price was the previous all-time high. It was also the upper side of the cup and handle pattern, whose depth was about 66%.
Measuring the same distance from the cup’s upper side brings the HYPE crypto price target at $47.26. This means that it will resume the uptrend once the current retracement ends.
Summary on Cryptocurrency Price Predictions
Cryptocurrencies have supportive fundamentals that may lead to a rebound. The most notable is that Bitcoin demand continues to rise, with ETF inflows nearing the $44 billion milestone. Its supply on exchanges and OTC markets continues to fall. Therefore, most coins will likely bounce back once the consolidation ends.
Frequently Asked Questions (FAQs)
1. What is the most likely crypto price predictions today?
2. Why did Trump price fall after the presidential dinner?
3. Will the HYPE price rebound?
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