In the past week, the OFFICIAL TRUMP (TRUMP) cryptocurrency has lost 30% of its value, indicating a bearish trend. The price has fallen below the 50-day and 200-day Exponential Moving Averages (EMA).
Current Statistics and Market Status
TRUMP's bullish momentum halted near the $24.00 mark and faced sharp rejection. Prices declined gradually, forming lower lows and breaking the previous support level of $14.30. According to CoinMarketCap data, TRUMP’s price reached an all-time high of $75.35 soon after its launch. Currently, it is in a correction phase with no visible signs of recovery. TRUMP is now down 84.73% from its all-time high.
Technical Indicators Analysis
Indicators are showing bearish signals. TRUMP is trading below the 50 and 200-day EMA levels. The MACD has formed a bearish cross and is heading downward. The RSI curve is at 21.24, indicating that TRUMP is oversold.
Community Sentiment Overview
At the time of writing, TRUMP's price is $11.186 with a 14% intraday drawdown, highlighting bearishness. The market cap is $2.27 billion, and the 24-hour trading volume is $975.93 million, which shows a 1% surge in volume with a volume-to-market cap ratio of 38.84%. Out of 17 technical indicators, 10 are on the sell side, 6 are neutral, and 1 is on the buy side, indicating a strong sell signal.
TRUMP cryptocurrency is facing significant seller pressure, continuing its movement in a bearish trend. Technical indicators and market data suggest the possibility of further declines.
