The $TRUMP token is currently facing significant downward pressure, with a current trading price of $19.93, reflecting an 18.52% drop in the past 24 hours. The asset has dipped to a low of $18.56, but there are signs of a potential short-term recovery as it rebounds slightly. However, the overall sentiment remains bearish, with selling pressure still evident. Traders should closely monitor key support and resistance levels in the coming sessions.
Resistance is identified at $20.50, and if the price manages to break through this level, it could target the $21.50 mark. On the downside, $19.00 serves as crucial support; a drop below this level could lead to further declines toward $18.00. For traders seeking to enter the market, a long position could be considered above the $20.00 level, aiming for targets of $21.00 and $21.50, with a stop-loss set at $19.50. Conversely, a short position below $19.00 may be profitable, targeting $18.50 and $18.00, with a stop-loss at $19.50.
From a technical standpoint, the Relative Strength Index (RSI) is currently at 37.18, signaling that $TRUMP is nearing oversold conditions, which could lead to a potential bounce. Additionally, the Moving Average Convergence Divergence (MACD) is showing signs of a weakening bearish trend, suggesting that consolidation may be in play before the next price movement.
Looking ahead, traders remain cautious, as $TRUMP continues to fall from its previous peak of $77. While the current price sits just above cri
