The price of the official Trump coin (TRUMP) has dropped by 18% as the MACD sends a critical bearish signal
The MACD indicator for Trump Coin confirms a downward crossover amid ongoing selling pressure.
The Relative Strength Index has fallen below 30, reinforcing the current oversold condition of the coin.
The official Trump coin (TRUMP), a meme coin based on Solana launched by elected President Donald Trump, has joined the downward trend of the cryptocurrency market, as confirmed by its recent price movement. According to market data, Trump Coin has dropped by over 18% today, settling at $7.34 after reaching a daily high of $9.12.
Technical Analysis: Revealed the performance of the MACD and RSI indicators
The MACD indicator confirms that the TRUMP token is experiencing downward pressure during the current trading sessions. Currently, the MACD line is at -1.15, which is below the signal line of -1.03, indicating a bearish crossover. The chart also shows negative momentum at -0.12, indicating that the downward trend is continuing.
As a result, these MACD figures align with the ongoing decline in the coin's price. Furthermore, there is market movement with a declining Relative Strength Index. The current value of the Relative Strength Index (RSI) is 27.40, which is relatively low compared to the specified level of 30 that indicates an overbought area.
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