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Trump Memecoin Tests Critical $8.40 Support Amid Bearish Technical Signals
Trump Memecoin Tests Critical $8.40 Support Amid Bearish Technical Signals
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[TRADE_PLUGIN]TRUMPUSDT,TRUMPUSDT[/TRADE_PLUGIN]
TRUMP News -
The OFFICIAL TRUMP (TRUMP) memecoin is currently testing a crucial $8.40 support level, with analysts warning of a potential 13% decline to $7.30 if this support fails. A head-and-shoulders pattern visible on daily charts indicates increasing bearish pressure, adding to the token's 18% weekly loss.
Trading volume surged 40% during the recent downturn, pointing to accelerated selling activity. Despite the negative technical outlook, market participants continue accumulating positions—creating a divergence that could either signal an impending reversal or exacerbate losses if support levels break.
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