The analysis of the cryptocurrency $TRUMP (Trump/TetherUS), based on the provided image, reveals a scenario of a strong bearish trend. Here are the main points of the technical analysis:
Trend and Performance
• Current Price: 17.22 USDT
• Daily Performance: -5.23% (-0.95 USDT)
• Monthly Performance: -36.81% (-10.03 USDT)
• Previous Close: 18.17 USDT
• Daily Open: 18.17 USDT
• Daily Range: 16.82 - 19.56 USDT
The chart indicates that the asset has already had a parabolic upward movement, reaching levels close to 80 USDT, but since then it has been falling continuously. The large monthly drop (-36.81%) suggests strong selling pressure and possible disinterest from investors.
Volume and Liquidity
• Volume traded: 21.65 million
Despite the considerable volume, the lack of recovery in price suggests that most orders are concentrated in sales, which reinforces the bearish pressure.
Conclusion
The $TRUMP is in a persistent downtrend and has lost strength since its all-time high. For a possible reversal, the price would need to form a bottoming pattern, followed by an increase in buying volume. In the short term, the trend is still down, and investors should be cautious before taking positions.
