TRUMP Price Struggles to Recover After Massive 72% Collapse From All-Time High 📉
TRUMP meme coin, once hyped for its potential, has taken a dramatic fall from its all-time high, marking a 72% decline and currently trading near $21. Over the past week, the coin has extended its losses by nearly 30%, reflecting ongoing selling pressures.
The market cap of TRUMP has reduced by about $10 billion in two weeks. Technical indicators such as the RSI (Relative Strength Index) and CMF (Chaikin Money Flow) are showing signs of weakness, indicating persistent selling pressure and an outflow of capital.
Currently, TRUMP's RSI is at 31.68, hovering just above oversold territory and below the neutral level of 50. This suggests an ongoing bearish outlook as the asset struggles to attract buying interest. Meanwhile, CMF has dipped to -0.23, denoting more capital outflow than inflow, keeping the sentiment bearish.
TRUMP's price is facing a resistance level at $24.58, and without a surge in buying pressure and bullish momentum, further correction seems likely. However, if TRUMP manages a breakout above this resistance and gains momentum, it could test higher levels like $30.47. Yet, failure to establish an upward movement might push it to a support level of $18.56.
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