Official Trump Price Rallies 5.5% As Trump Announces Venezuela’s President Maduro Indictment

The Official Trump price rallied 5.5% in the past 24 hours to trade at $5.37 as of 10:20 a.m. EST, with trading volume up 108% to $560 million.

This comes as the US carried out a “large scale” strike against Venezuela and its President, Nicolas Maduro, announced by US President Donald Trump.

US Attorney General Pam Bondi later announced that Maduro and his wife, Cilia Flores, had each been indicted in the Southern District of New York over various drug trafficking and weapons charges.

Crypto prices during the military operation had dipped, with BTC dropping from above $90,000 to around $89,000.

However, after the victory and the capture of Maduro, the crypto space has surged 1% over the last 24 hours, bringing its market capitalization to around $3.19 trillion, with Bitcoin now trading above $91,000.

Official Trump Price Still Bearish Despite The Slight Jump

The TRUMP price, despite the 5.5% drop, has shown signs of a reversal, but traders remain cautious as the asset still trades within a falling channel pattern.

After staging what appeared to be a recovery in late April 2025, the Official Trump price stalled at the $15.3 resistance level, with the bears exerting further pressure.

The last two candles on the 3-day timeframe show that the price of Official Trump is recovering, climbing from the $4.73 support area.

As a result of the recovery, the blue Moving Average Convergence Divergence (MACD) blue line has turned positive, crossing above the orange signal line. However, traders remain cautious about the recent positive trend, as the indicator remains below the neutral line.

Moreover, despite the bullish attempt and a jump in the Relative Strength Index (RSI) to 39, the indicator still shows the asset is under some bearish pressure.

Meanwhile, the 50-day Simple Moving Average (SMA) remains above the price and above the falling channel pattern, indicating that sellers are still in control.

TRUMP/USD Chart Analysis Source: TradingView

Based on the TRUMP/USD chart analysis, the TRUMP price is currently bullish but remains significantly cautious for traders, following an attempt on the first day of 2026 to climb.

If the bulls manage to sustain the uptrend, the price of TRUMP could climb back to the upper boundary of the falling channel around $6.3. If this level is breached, the next target could be around the 50-day SMA at $7.03, which is also the previous supply area.

Conversely, with the price remaining within the confines of the falling channel and the RSI showing signs of a downtrend, the Official Trump could fall even further, as the $4.33 level acts as the next support area.