The TRUMP memecoin has witnessed a significant price decline, falling below the $10 mark following the announcement of new tariff measures.
Impact of Tariffs on TRUMP Memecoin
Donald Trump's announcement of new tariffs has led to a negative reaction in the crypto market. The $TRUMP memecoin price has dropped more than 10% in the last 24 hours. Investors are showing cautious behavior amid uncertainties caused by the trade war.
Technical Analysis of TRUMP Memecoin
Technical analysis indicators show a clear sellers' sentiment. RSI and MACD indicators are moving near the overbought zone, while the major EMA lines act as resistance. Over the past month, the $TRUMP price has fallen by 24.08%, for the week by 19.59%, and approximately 10% in the last 24 hours.
Outlook for TRUMP Memecoin
As of the time of writing, the $TRUMP price is trading at $9.374 with an intraday trading volume of $852.79 million and a market cap of $1.86 billion. If the current support level at $9.10 does not hold, further downside may be witnessed by investors.
The TRUMP memecoin faces selling pressure amid geopolitical complications, and its future remains uncertain.
