TRUMP Memecoin Under Bearish Pressure as Critical Support Levels Break Down

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-07 05:42:52

[TRADE_PLUGIN]TRUMPUSDT,TRUMPUSDT[/TRADE_PLUGIN] TRUMP News -

The official TRUMP token has broken through two key support levels in quick succession, indicating growing bearish momentum. After failing to maintain above $13.65, the memecoin plummeted past the secondary support at $11.56—now acting as resistance—with $9.10 emerging as the next likely downside target.

Market structure suggests the late-April rally is undergoing a complete retracement. Trading volumes reflect heavy selling activity, with no immediate signs of buyer exhaustion. The token’s failure to reclaim either broken support level reinforces the current negative technical outlook.

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