$TRUMP Token Crashes! Is $25 the Next Stop? #TRUMP #trumpdownfall

The Trump Token (TRUMP/USDT) is taking a significant hit, currently trading at $28.47, down 15.42% in the last 24 hours. Let’s break down the situation:

Price Action:

Trump Token has been in a steep decline, falling from a 24-hour high of $35.46 to a low of $27.29. The sharp bearish momentum is raising concerns about a potential drop to $25, a key psychological support level.

Indicators:

1. Bollinger Bands: The price is hovering near the lower band (28.05), signaling high volatility and strong bearish pressure.

2. Moving Averages:

MA(5): $4,948,646.072

MA(10): $5,337,907.184

Both MAs suggest that selling pressure dominates the market.

3. RSI: Near oversold levels, indicating that the bears are currently in control, but a bounce might be on the horizon.

Support & Resistance:

Support: $27.25

Resistance: $35.00

Trading Strategy:

For Bulls: Wait for confirmation of reversal patterns before entering. Keep an eye on RSI for potential recovery.

For Bears: Short positions can be considered if the price breaks below $27 with high volume, targeting $25.

Conclusion:

The Trump Token is in dangerous territory as the bears take control. Will the $25 level hold, or are we heading for deeper waters? Follow me for the latest updates and analysis!

Disclaimer: This post is for informational purposes only and not financial advice. Always do your research before investing.