The TRUMP meme token and Melania meme token are both experiencing significant bearish pressure, with the TRUMP token dropping to 25th place in the crypto market. The TRUMP token has seen a decline of 57.70% from its peak, currently trading at $33.41. The hourly chart shows intense bearish pressure, with a potential reversal rally hoped for as the token finds minor support near $30. Crypto analyst Ali Martinez suggests a bullish reversal is possible, identifying the token as trading within a falling wedge pattern. A breakout from the wedge could target the 38.20% Fibonacci retracement level near $54, but a break below $30 could lead to further declines with the next support at $23.91.



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