🧨 $TRUMP Token on the Edge — Breakdown or Bounce?
Current Price: $9.72
Price Action: Currently testing multi-week support after a steady downtrend from May highs.
📊 Moving Averages:
7 MA (Yellow): $10.77 → Short-term resistance, price is well below.
25 MA (Purple): $12.37 → Mid-term downtrend confirmation.
99 MA (Blue): $11.38 → Long-term trend resistance.
📉 Technical Overview:
❌ Bearish Pressure Mounting:
Three major MAs overhead acting as a cluster of resistance.
Price has broken below local range support near $10.00, confirming a bearish daily structure.
No visible bullish divergence yet — momentum is fading.
🧭 Key Levels:
Immediate Support: $9.50 — critical psychological level.
Below $9.50: Open path toward $8.20 – $7.80
Upside Recovery Needs: A daily close above $11.00 to regain bullish momentum.
⚠️ Market Sentiment:
TRUMP is entering high-risk zone territory — unless bulls defend the current structure, the next leg down could be sharp. This chart screams “wait for confirmation” if you’re looking to go long.
⚠️ DYOR – Do Your Own Research.
This is not financial advice. Markets can be volatile — always trade responsibly!
