$TRUMP Struggles: Buy, Sell, or Hold? ❓
Many traders are eyeing a potential rally toward $77 or even $100, but instead, $TRUMP/USDT continues to decline daily. After dropping to $16, it managed a slight bounce back to $18—but is that enough?
Current Market Overview:
📉 Price: $18.48 (Down 8.51% in 24 hours)
📊 RSI: 35.82 (Near oversold territory)
🔑 Key Levels:
Support: $16.00
Resistance: $21.25
Technical Indicators:
📉 MACD: Bearish divergence, hinting at further downside.
📊 Volume: Declining, signaling weaker market activity.
📈 RSI: Nearing oversold levels, suggesting possible consolidation or a short-term bounce.
What’s Next?
$TRUMP/USDT remains in a bearish trend, but the oversold RSI hints at a possible recovery. Traders should watch the $16.00 support closely—a breakdown could lead to further declines, while a bounce could push the price toward $21.25 and beyond.
🚨 Risk management is crucial in this volatile market! 🚨