Solana’s TRUMP Memecoin Looks Exposed to Another 15-20% Price Decline
Key Points:
$TRUMP memecoin has broken down from a bear pennant, risking a further 15–20% drop toward $9.
Technical indicators like RSI and EMAs confirm strong bearish momentum with no immediate reversal signs.
Fading hype after the Trump dinner event and weak fundamentals amplify the risk of deeper sell-offs.
Solana-based Official Trump (TRUMP) memecoin is showing signs of another breakdown after falling by nearly 35% from its April highs of $16.45. The bearish outlook emerges from a classic technical pattern and other reasons.
TRUMP Technical Analysis — Bear Pennant Risks 15-20% Decline
The chart reveals a classic bear pennant formation, a continuation pattern that typically signals further downside after a sharp decline. $TRUMP experienced a steep drop between April 29 and May 2, followed by a consolidation phase forming the pennant.