(TRUMP/USDT) chart shows a bearish trend, with price at $16.50 (-5.44%) and trading below key moving averages.$TRUMP
Key Observations:
Downtrend in Progress: The price is below the 7-period (16.71), 25-period (17.54), and 99-period (19.74) moving averages, signaling strong bearish momentum.
Support & Resistance:
Support: $16.15 (24h low).
Resistance: $17.54 (25-period MA) and $18.27 (24h high).
Volume Decline: Lower buying pressure suggests weak demand, increasing the risk of further downside.
Trading Insight:
If the price holds $16.15, a small rebound is possible, but a break below could push it lower. A move above $17.54 may indicate a short-term recovery. Watch for volume changes for confirmation.
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