TRUMP Meme Coin Drops 20% After US Tariffs Announcement
The Trump meme coin fell 20% on Tuesday, with its market cap falling to about $2.5 billion, while trading volume fell more than 50% over the same period. The sharp decline after the announcement of the U.S. crypto strategic reserve announcement was aggravated bearish sentiment after the failure to maintain its rally.
With key support of $11, Trump is likely to trade below this level for the first time since its launch if sales pressure continues. But the potential catalyst for the upcoming White House crypto summit will rebound from March 7, breaking through more than $17.47, which could send Trump to $20.7 or even $24.5.
Trump RSI returns to neutrality after soaring to excessive levels
Relative Strength Index (RSI) Because Trump has dropped to 40.1, which was a sharp drop of 74.7 two days ago, reflecting a major shift in momentum Donald Trump confirms tariffs About Mexico, Canada and China products.
This quick fall suggests that Trump has moved out of overbought territory where bullish pressure is dominant and is now approaching lower levels, indicating a weakening demand.
Given that Trump’s current deal is very close to its all-time low, the decline in RSI suggests that sellers have control over the seller and that assets are working to recover upward momentum. If the downward trend continues Trump may be under pressureit is possible to test new lows unless the buyer steps in to support the price.
RSI is a momentum oscillator with a range of 0 to 100 with a value above 70 indicating excessive conditions, below 30 signaling exceeds the area.
When the RSI of the asset drops to 30, this indicates that sales may be overscaling, increasing the likelihood of a price rebound. At 40.1, Trump is still surpassing sales conditionsbut the current downward trend puts it in an unstable position.
If RSI continues to decline and break below 30, it may further indicate shortcomings and potentially push Trump to new all-time lows. However, if the RSI stabilizes from these levels or rebounds, it may indicate a merger period before any potential recovery.
Bbtrend shows Trump has a hard time building a strong uptrend
Trump’s BBTREND indicator is currently at -6.18, and has been steadily declining in the last few hours since yesterday, indicating a growing bearish momentum.
The drop came two days ago when Bbtrend touched 3.25, after a brief attempt at bullish forces, but the move quickly reversed as sales pressure took over.
Trump has been working to build a sustained upward momentum. In recent weeks, its BBTREND reading highest was only 12.4 on February 18, followed by a peak of 3.38 on February 25. This pattern suggests that each bullish attempt is weaker than the previous attempt, exacerbating the difficulty of maintaining an uptrend.
BBTREND (Bollinger Band Trend) Measurement Trend strength and direction usage price volatility In the Brynn Band. Positive values indicate growth in bullish momentum, while negative values indicate an increase in downward trend.
With BBTREND now at -6.18 and continuing to decline, Trump remains in a bearish phase, struggling to find stability.
Consistently maintaining positive momentum since mid-February, suggesting that buyers cannot build strength and that Trump remains vulnerable to further adverse effects unless the trend quickly reverses.
Will Trump benefit from the White House crypto summit?
Like many other coins, Trump is US Crypto Strategic Reserve Announcementbut the rally lasted for a long time as it quickly entered a sharp correction.
this Trump meme coin is currently down 20% in just one dayeliminates most of its recent earnings and enhances bearish sentiment in the market. Now, the key support level is $11, which Trump can fall below for the first time since its launch date.
With such a sharp drop in a short period of time, the seller is still under control, and the price action shows that it may be a possible disadvantage if demand does not return as quickly as possible.
But Trump can find new impetus in the first aspect to come White House Crypto Summit March 7, which can be used as a catalyst for potential recovery.
If the uptrend is implemented, the first critical level of viewing is $17.47. A breakout beyond this resistance could bring it together to $20.7.
If the bullish momentum is further strengthened, the price can even test $24.5, marking the current level’s upside potential is almost 100%.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
