$TRUMP Downward RAMPAGE and DAMAGE! 🔥🔻⚠️
It's been quite the saga. After its launch on January 17, 2025, the coin skyrocketed to a whopping $75.35 by January 19. But since then, it's been on a downward slide, trading around $19.50 recently. That's a significant drop, and many early investors are feeling the pinch.
Technical indicators aren't painting a rosy picture either. The Relative Strength Index (RSI) is hovering around 22.09, signaling that the coin is oversold. While this might suggest a potential rebound, the prevailing selling momentum is hard to ignore.
For those keeping tabs on key levels, resistance is pegged at $20.50. If it manages to climb above this, we might see it pushing towards $21.50 and possibly $22.80. On the flip side, there's support at $18.50. A dip below this could see the coin sliding further to $17.50 or even $16.80.
Market sentiment remains bearish, with the Moving Average Convergence Divergence (MACD) indicating sustained downward momentum. While the low RSI hints at a possible bounce back, it's essential to tread carefully. The crypto market is notoriously volatile, and $TRUMP's recent performance is a testament to that.
In a nutshell, if you're considering diving or are already invested, it's crucial to stay updated and approach with caution. The market's current trajectory suggests that the coin might face more challenges ahead. Always do your research and make informed decisions.