TRUMP Bears Take Control as Support at $7.57 Faces Pressure
TRUMP has entered a clear downtrend, losing ground steadily over the past few sessions. The recent pattern of lower highs and lower lows, paired with waning bullish strength, indicates that sellers are in firm control of the market structure.
The token’s daily closes have moved decisively below both the 9-day and 20-day exponential moving averages. These EMAs are now angling downward, a sign that short- and medium-term momentum has flipped in favor of the bears. As long as the TRUMP price remains under these dynamic resistance zones, any attempt at recovery is likely to be met with selling pressure.
Momentum Indicators Signal Continued Weakness
The MACD continues to deepen into bearish territory. The gap between the MACD and its signal line has widened, and the histogram remains negative, reflecting persistent bearish momentum with no current signs of reversal. At the same time, the RSI is tracking below the midline, lingering in a zone typically associated with oversold conditions. However, it’s not yet turning upward, suggesting bulls are still hesitant to re-enter.
Daily chart for TRUMP/USD (Source: GeckoTerminal)
TRUMP is hovering just above its key support zone at $7.57–$7.56. This area is critical; if it breaks, further downside acceleration could occur as traders cut losses and look for lower re-entry points. A successful defense here, however, could pave the way for a short-term bounce—especially if coupled with a divergence or spike in volume.
If bulls manage to regain momentum, the first significant resistance lies at $11.89, near the 9-day EMA. A breakout above that could trigger a move toward $12.18. A broader recovery would need a strong close above $14.71, the recent high, to re-establish a bullish structure. For now, that scenario appears unlikely without a strong catalyst.
TRUMP Trade Strategy: Bear Bias but Watch for Traps
For short traders, rallies toward the 9- or 20-day EMAs may offer opportunities to enter or add to positions, with targets near the $7.57 support area. Caution is advised near that support zone, as a breakdown could be sharp.
For long traders, confirmation is essential. A reclaim of the 9-day EMA, backed by a crossover in the MACD or a bullish RSI reversal, would improve the odds of a sustainable bounce. Until then, any long setups are speculative and should be treated as counter-trend.
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