The TRUMP meme coin has experienced a significant decline, with a 72% drop from its all-time high and a 30% loss in just one week. Technical indicators like RSI and CMF suggest ongoing selling pressure and a lack of bullish momentum. The RSI has remained below 50 for the past seven days, indicating persistent selling pressure, and the inability to cross 50 suggests limited bullish strength. The CMF has also been negative for three consecutive days, reflecting a significant outflow of capital and weak demand. TRUMP is currently trading near $21, with a key resistance at $24.58. If buying pressure strengthens, a breakout above this level could trigger further upside. However, if sellers maintain control, downward pressure could intensify, with $18.56 as the next major support level.
Content Editor ( beincrypto.com )
- 2025-02-02
TRUMP Price Struggles to Recover After Massive 72% Collapse From All-Time High
