📉 $TRUMP Price downtrend levels

Current Price: $8.42 – $8.43

24h Change: -5.07% to -5.18%

24h High/Low: $8.96 / $8.31

RSI Levels:

1D: 33.67 (approaching oversold)

4H: 23.00 (deep oversold)

🔎 Technical Overview

daily close below $8.30 could accelerate the downtrend

1. Trend:

The pair has been in a downtrend for the last 30–90 days, showing:

30D: -22.23%

Current price action is consolidating near a support zone around $8.30.

2. RSI (Relative Strength Index):

On the 4H chart, RSI = 23, indicating oversold conditions.

On the 1D chart, RSI = 33, also nearing oversold territory.

This suggests that short-term selling pressure may be exhausted and a relief bounce could be imminent.

3. Candlestick Patterns:

Recent candles show repeated testing of the $8.30 support, which has held so far.

Lack of strong bullish reversal patterns indicates caution.

4. Volume:

24H Trading Volume: $42.78M (USDT) and 5.0M (TRUMP).

Volume remains steady but not showing strong accumulation signs yet.

📊 Key Levels to Watch

Immediate Support: $8.30

Secondary Support: $8.00

Immediate Resistance: $8.90 – $9.00

Stronger Resistance: $9.70 – $10.20

📈 Forecast

Short-Term (1–7 Days):

Expect sideways movement between $8.30 – $8.90. If RSI-driven relief rally occurs, price could attempt a push toward $9.20–$9.50.

Medium-Term (1–4 Weeks):

If $8.30 support holds, consolidation followed by a recovery toward $9.70 – $10.20 is possible. However, a breakdown below $8.30 could open the way toward $8.00 and lower.

Long-Term (3–6 Months):

With TRUMP/USDT already down nearly 50% in 180 days, sentiment remains weak. Unless macro or project-specific catalysts appear, trend bias remains bearish to neutral. Recovery toward $11.00–$12.00 requires strong bullish momentum.

⚠️ Risk Note

Market remains volatile, and TRUMP/USDT is still in a bearish structure despite possible oversold bounces.

Traders should wait for confirmation before entering long positions.

#Trump #PriceDrop #downtrend