$TRUMP TRUMP/USDT Technical Analysis – What’s Next?

The TRUMP/USDT pair is showing signs of weakness in the short term, currently trading at $12.70, down 6.55%. Here's my 1-hour timeframe breakdown:

Trend: The asset is in a clear downtrend, with MA(7) < MA(25) < MA(99), indicating continued bearish momentum.

MACD: Although the MACD is still in the negative zone, a slight bullish crossover is forming. However, it lacks strong confirmation at this point.

Support & Resistance:

Key Support: $12.00 (24h low)

Key Resistance: $13.12 (MA25), $14.35 (MA99)

Volume: Volume is decreasing as price drops, suggesting weakening selling pressure, which could indicate a short-term reversal ahead.

Conclusion:

If TRUMP/USDT holds above $12.70 and breaks through $13.12, we might see a short-term recovery. However, a drop below $12.00 could trigger further downside. I'm watching for a confirmed MACD crossover and a breakout from the moving averages for my next move.

Always trade with proper risk management.