The TRUMP meme coin experienced a sharp decline of 20% in its market cap and a drop in trading volume following a failed attempt to sustain a rally after the US crypto strategic reserve announcement. The Relative Strength Index (RSI) for TRUMP has dropped to 40.1, indicating weakening demand and a shift in momentum. The BBTrend indicator for TRUMP is currently in a bearish phase, signaling increasing downtrend. If TRUMP continues to decline, it risks trading below its key support level of $11 for the first time since its launch. However, the upcoming White House Crypto Summit on March 7 could potentially act as a catalyst for a rebound. Should a breakout above $17.47 occur, TRUMP could rally towards $20.7 or even $24.5.



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