A QUICK LOOK
$TRUMP Coin has seen a noticeable pullback in the last 24 hours, slipping below key support levels after a strong rally. So, what's behind the dip?
1. Technical Breakdown
The price recently broke below a rising channel, signaling a shift in momentum. It also failed to hold support near $14.00 and is now trading below key moving averages — a bearish indicator for short-term traders.
2. Profit-Taking
After a sharp rise to over $15.50, many early buyers appear to be securing profits. This sell pressure has added to the downward move.
3. Market Sentiment
Wider market uncertainty and reduced hype around meme and political tokens have cooled demand. $TRUMP Coin, like many narrative-based tokens, is sensitive to news cycles and sentiment.
4. Low Volume at Support
As price dipped, the volume remained weak at key support zones, showing a lack of buying interest — which often leads to further downside.