$TRUMP Coin Technical Analysis
The $TRUMP coin has experienced a sharp decline, currently trading at $48.44, reflecting a significant 22.8% drop within the observed timeframe. The 5-minute candlestick chart shows a downward momentum, with the price falling below key moving averages: MA(7) at 50.30, MA(25) at 51.47, and MA(99) at 53.00, signaling a bearish sentiment in the short term. This bearish crossover, combined with increasing sell volume, suggests strong selling pressure. The coin's liquidity of $741.6M and a substantial market cap of $9.69B indicate robust market activity, but the declining price hints at a lack of buyer confidence at current levels.
The volume chart displays a spike in red bars, confirming heightened selling activity as the price retraced from its local peak of $54.60 to a low of $44.72. The Bollinger Bands are widening, reflecting increased volatility, while the coin hovers near its lower band, signaling oversold conditions. With the FDV (Fully Diluted Valuation) standing at $48.45B, TRUMP coin remains fundamentally strong, but the current trend suggests potential further downside unless it can reclaim critical support levels around $50. Traders should watch for signs of recovery or confirmation of a bearish continuation before taking positions.
