After facing a sharp correction earlier this week, OFFICIAL TRUMP price today is attempting to stabilize near the $9.96 mark as of June 6. The memecoin witnessed increased selling pressure after failing to hold the $11.00 level, but a modest rebound from intraday lows signals that short-term sentiment may be shifting once again. Let’s take a closer look at OFFICIAL TRUMP price action, chart structure, and technical indicators to assess where the market may be headed next. What’s Happening With OFFICIAL TRUMP’s Price? OFFICIAL TRUMP price dynamics (Source: TradingView) Over the past 48 hours, OFFICIAL TRUMP price dropped from around $11.40 to as low as $9.43, driven by a combination of macro volatility and aggressive short-term liquidations. However, the price has now rebounded by more than 5% off the lows, forming a minor ascending wedge on the lower timeframes. This rebound comes just ahead of a critical decision point along the $10.00 psychological barrier. The daily chart highlights the breakdown from a symmetrical triangle pattern that had been forming since early May. The breach beneath the $10.50 support initiated the current bearish leg, but strong demand near the $9.40 zone is now acting as a potential floor. Momentum Shifts After Oversold Reversal OFFICIAL TRUMP price dynamics (Source: TradingView) On the 4-hour chart, TRUMP has pushed back toward the $10.00 region after bouncing sharply from its lowest point this week. The RSI on the 30-minute chart has climbed above 59, recovering from near-oversold conditions. MACD lines are also converging upward, suggesting fading bearish momentum. This recovery signals a potential attempt to retest the prior support-turned-resistance around $10.96 and $11.08 in the near term. OFFICIAL TRUMP price dynamics (Source: TradingView) From an Ichimoku perspective, the price has just re-entered the cloud resistance zone and is trying to sustain momentum above the Tenkan-sen and Kijun-sen lines. However, a decisive close above the cloud is still required for trend confirmation. Volatility Expands as Downtrend Faces a Pause OFFICIAL TRUMP price dynamics (Source: TradingView) OFFICIAL TRUMP price volatility remains high, with wide Bollinger Bands indicating expanded price range and potential for abrupt moves. The current structure shows the token recovering within a micro rising wedge, which often signals short-term exhaustion. However, with the 20-EMA curling upward on lower timeframes and the price trading just below the 50-EMA, bulls still have a chance to build on the rebound. OFFICIAL TRUMP price dynamics (Source: TradingView) The Chande Momentum Oscillator has flipped back above 50, hinting that bullish momentum is gaining traction. Yet, the broader structure remains fragile unless the $11.00–$11.40 supply zone is decisively reclaimed. Why OFFICIAL TRUMP Price Going Down/Up Today? OFFICIAL TRUMP price dynamics (Source: TradingView) The recent decline in OFFICIAL TRUMP price today can be attributed to the break below key technical support levels and short-term profit-taking following a strong rally earlier this month. However, today’s bounce appears to be driven by algorithmic bids near the $9.40 liquidity pocket, combined with momentum traders buying the dip as intraday oscillators bottomed out. This corrective recovery reflects the market’s ongoing indecision and sensitivity to key trendlines and moving average clusters. The shift from weakness to strength today also aligns with broader risk-on sentiment returning to some corners of the memecoin market. Short-Term Forecast and Key Levels OFFICIAL TRUMP price dynamics (Source: TradingView) Looking ahead to June 07, the near-term path for OFFICIAL TRUMP price will largely depend on whether bulls can reclaim and hold above $10.00 with strength. A successful breakout and close above $10.96 would expose resistance at $11.83 and possibly $12.20. On the downside, failure to hold $9.70 may trigger another drop toward the $9.40 support zone, with deeper targets around $8.90 if bearish volume resurfaces. Level Type Significance $11.83 Resistance 200 EMA & supply zone $10.96 Resistance Lower high region $9.96 Current price Intraday pivot $9.40 Support Demand zone & bounce base $8.90 Support Potential downside extension In conclusion, OFFICIAL TRUMP price update for June 07 highlights a mixed technical landscape. While bulls are showing signs of life after a notable drop, major resistance remains intact overhead. Traders should monitor volume closely and watch for confirmation above the $10.50–$11.00 zone to validate the reversal. Until then, OFFICIAL TRUMP price action may stay volatile and range-bound as market participants await stronger directional cues. 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