The TRUMP meme coin has been in a steady downtrend for the past month, unable to break past the $21.45 resistance. Earlier this week, the token dipped below $12 but rebounded after a political clash between Donald Trump and Ukrainian President Zelensky.
Despite an 8% price increase today, technical indicators suggest ongoing bearish pressure, making it hard for TRUMP to find strong support.
Bearish Sentiment Weighs on TRUMP Price
Investor sentiment around TRUMP remains negative. While the recent political showdown led to some buying activity, overall momentum is still weak.
🔍 Key Takeaways:
✔ Low confidence in price recovery.
✔ Political uncertainty discourages new investments.
✔ Potential for further declines unless market sentiment improves.
The Chaikin Money Flow (CMF) indicator shows a downward trend, meaning investor outflows exceed inflows. Without a bullish catalyst, TRUMP could continue its decline in the short term.
Will TRUMP Price Drop Below $10?
Recently, TRUMP hit a new low of $11.07 before recovering to $13.12. However, it remains below key resistance at $14.48, making further downside likely.
📉 Possible Scenarios:
- If TRUMP stays below $14.48, a drop to $11.07 is likely.
- A failure at $11.07 could send prices below $10.00.
- A broader market recovery could push TRUMP toward $16.00, but resistance at $21.45 remains a challenge.
For now, political uncertainty and weak investor sentiment suggest that TRUMP’s decline may continue unless external factors shift.
Final Thoughts
The TRUMP meme coin faces strong bearish pressure, with technical indicators signaling further losses. Unless investor sentiment improves or the broader market recovers, TRUMP may struggle to break key resistance levels.
📢 What’s your take? Will TRUMP rebound or fall further? Share your thoughts!
