$TRUMP Token Crashes – Is a Recovery on the Horizon? 📉🔥
The $TRUMP token has taken a significant hit, plunging from its highs of $70 and $65 down to just $17.53, leaving traders in shock. In the last 24 hours, it reached a high of $22.65 and a low of $16.12, currently sitting 15.18% lower amid strong bearish pressure.
📊 Market Overview & Key Indicators:
✅ RSI: At 23.93, indicating oversold conditions and the potential for a short-term rebound.
❌ MACD: Still reflecting strong bearish momentum with no clear signs of a reversal yet.
🚀 Key Price Levels to Monitor:
🔵 Resistance Zones:
$19.50: A crucial level bulls need to reclaim to regain control.
$22.65: A breakout above this could signal a shift towards bullish momentum.
🔴 Support Zones:
$16.12: Immediate support—if this breaks, further downside is likely.
$13.00: A critical floor—falling below this could trigger a more severe sell-off.
📉 What’s Ahead for $TRUMP?
The token is currently hovering near critical support, hinting that the selling pressure might be easing. A relief rally is possible if buyers step in, but if $16.12 fails to hold, prices could tumble toward $15 or even $13.
💡 Trading Strategy:
Keep an eye on the $19.50 mark—a breakout above could spark a recovery rally. However, if the downtrend continues, tight stop-losses will be vital to minimize risk.
🔥 Will the bulls return, or is there more downside ahead? Let me know if you'd like a detailed trading plan with entry points, profit targets, and risk management tips!
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