#TRUMP Cooling Price After a Parabolic Rise What's Wrong❓$TRUMP is currently trading at $10.85, down -2.34% for the day, and shows clear signs of losing momentum after its explosive rally to $16.44.
1. Post-Pump Exhaustion:
After climbing from about 7.14 $ to $16.44, the market is undergoing a natural profit-taking. These pullbacks are typical after euphoric rises.
2. Lower Highs and Bearish Structure:
Since the peak, $TRUMP has formed a series of lower highs and lower lows, a typical sign of weakening trend strength.
3. Slipping Support:
The price is hovering just above 10.68 $ (the day's low). If this level is breached, we could see a revisit to the support area of 9.80 $ to $10.00.
4. Volume Divergence:
Despite previous massive buying, recent daily volumes are dwindling. Demand is not keeping up with supply.
5. Order Book Separation:
The buyer and seller sides are nearly balanced (50.43% vs. 49.57%), indicating indecision, and this could quickly tilt bearish without bullish confirmation.
Short-Term Outlook: • If the bulls defend the area of 10.60 $ to $10.80, we could see a relief bounce towards 11.50 $ to $12.00.
• A break below 10.50 $ could invite a more pronounced decline with a retest of the area of 9.20 $ to $9.80.