Crypto price outlook shows Trump Coin, SPX, and HYPE predictions gain traction as the broader market rally cools with profit-taking.
Today, crypto price fluctuated as profit-taking persisted.
The 24-hour liquidation decreased by 6% to $203 million, and the combined market cap of all currencies decreased to $3.42 trillion.
Bitcoin experienced a decline to $108,300. This article offers cryptocurrency price forecasts for prominent currencies such as TRUMP, SPX, and HYPE.
Leading Cryptocurrency Price Forecasts
Today, the cryptocurrency market fluctuated amid anticipation of NVIDIA’s earnings and the Federal Reserve’s minutes, which are closely monitored.
It will also respond to Thursday’s forthcoming US GDP data and personal consumption expenditure (PCE) on Friday.
Let us investigate the predictions for Hyperliquid tokens, Official Trump, and SPX6900.
TRUMP Price Forecast
The price of the Trump coin decreased as the excitement surrounding the presidential dinner dissipated, and several attendees sold their tokens.
Today, May 28, TRUMP is trading at $12.65, a 20% decrease from its most significant point this month.
The price of Trump has fallen below the 38.2% Fibonacci Retracement level and the 50-period Exponential Moving Average (EMA) on the eight-hour chart.
It has failed to breach the critical support at $12.30 numerous times since May 13 and is trading marginally above it.
The Trump coin also exhibits a bearish pennant pattern, a hazardous indicator that frequently leads to a bearish breakdown.
Consequently, the most probable Trump crypto price prediction is adverse, with the subsequent objective being $10.40, the lowest point since May 6.
The adverse outlook will be rendered invalid if the coin surpasses $14.
SPX Price Forecast
In the past few weeks, the SPX crypto price token has experienced a significant increase, rising from a low of $0.2477 in April to $0.9762, its most crucial point since February 2.
Today, SPX is trading at $0.9900, a few points below the critical level of $1.
The 50-period moving average supports its upward movement and has established a rising wedge as it approaches the psychological threshold of $1.
A wedge is frequently the result of a collapse and is composed of two ascending and converging trendlines.
Although the SPX crypto price prediction is bullish, it may decline as the two lines of the wedge pattern converge.
If this occurs, the subsequent point will be $0.6700, the most significant on March 26.
The adverse forecast will be rendered invalid by a movement above the upper side of the wedge.
Price Forecast for HYPE
The HYPE price has been one of the most successful coins this year, as the Hyperliquid volume, revenue, and open interest have all increased.
It has increased by 280% since April, when it was at its lowest.
The HYPE is trading at $35, following a peak of $39.8 on May 26.
This is because investors, including James Wynn, have taken profits, and the rally has taken a break.
Since the current HYPE crypto price was the prior all-time high, it has retested critical support.
It was also the upper side of the cup and handle pattern, with a depth of approximately 66%.
The HYPE crypto price target is $47.26 when the cup’s upper side is measured at the same distance.
This implies that the uptrend will resume upon the conclusion of the present retracement.
Summary Of Cryptocurrency Price Forecasts
The fundamentals of cryptocurrencies are supportive, which may result in a rebound.
The demand for Bitcoin is rising, and ETF inflows are closing in on the $44 billion milestone.
This is the most significant development. Its availability on exchanges and over-the-counter markets is declining.
Consequently, most coins will experience a rebound after the consolidation concludes.
