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TRUMP Token Faces Downward Pressure as Symmetrical Triangle Breakdown Signals Further Decline
TRUMP Token Faces Downward Pressure as Symmetrical Triangle Breakdown Signals Further Decline
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The TRUMP meme token has slipped to $11.24, extending a 12% weekly decline and now sits 85% below its all-time high of $73.43. Technical indicators suggest weakening momentum, with the price breaking below a key symmetrical triangle pattern that had formed since late April.
Market participants are watching the token’s relative strength index, which has failed to sustain levels above 50 in recent weeks. The breakdown below the triangle formation, coupled with the 30-period moving average crossing below the 200-period MA in late May, paints a bearish technical picture for the NEAR term.
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