$TRUMPUSDT TECHNICAL ANALYSIS: BEARS TARGET $20 AS DOWNTREND CONTINUES
$TRUMP USDT is showing strong bearish momentum, currently trading around $21.91, with a sharp decline from its peak of $77.10. The meme coin sector is facing increased selling pressure, and the next major support at $20.00 is now in focus.
Key Technical Indicators:
RSI (6) at 9.95 – Deeply oversold, signaling extreme weakness but also a potential short-term bounce.
MACD (-0.26) & DIF (-1.60) – Bearish crossover confirms ongoing selling pressure.
SAR (0.02, 77.24) – Still aligned with the downtrend, showing no immediate signs of reversal.
Support & Resistance Levels:
Immediate support: $20.00 (psychological level)
Next support: $18.72 (previous demand zone)
Resistance: $26.00 (first recovery level) and $30.00 (major breakout point)
Market Outlook & Next Move:
If $20.00 holds, we could see a temporary relief rally, but upside potential remains limited unless $26.00 is reclaimed. A breakdown below $20.00 could accelerate losses toward $18.72 or even $15.00.
Bearish bias remains dominant, and traders should exercise caution. A reversal signal will require increased volume and a sustained move above key resistance levels.
Will $TRUMPUSDT bounce from $20, or is further downside coming? Share your views below!