The TRUMP token has still not been able to recover after the recent plunge, continuing to face pressure as U.S. President Donald Trump announces the Liberation Day tariff policy.
This development makes market sentiment more negative, enabling traders to take advantage of volatility to seek profits.
Trump's statement causes significant losses
TRUMP's funding rate has moved into negative territory over the past 24 hours, reflecting the growing trend of short selling. Traders step up their short positions, betting on a scenario where the price continues to weaken. This shift is mainly due to the impact of tariff policy, a decision that seems to stimulate the economy but puts pressure on TRUMP's values.
The negative reaction of the market shows the skepticism of investors towards the prospects of TRUMP. Instead of creating positive momentum, the tariff policy sparked a wave of sell-offs, sending the market into a state of panic.
! trump-coin-giamFunding rate of TRUMP | Source: TradingViewFrom a technical perspective, indicators such as the relative strength index (RSI) continue to signal negatively. The RSI remains deep in the decline zone, below the neutral level of 50, indicating that TRUMP has not shown significant signs of recovery. In the absence of a clear reversal signal or growth thrust, the token risks continuing to experience downward pressure in the short-term.
It is noteworthy that TRUMP has not yet fallen into the oversold zone (oversold), indicating that there is still room for prices to continue to decline. With the RSI not yet signaling a clear recovery, the current downward trend may continue until market sentiment changes or a new factor emerges strong enough to stimulate a rebound.
! TRUMP's (RSI) Relative Strength Index | Source: TradingView## TRUMP price suffers heavy losses
TRUMP fell to a record low of $8.97 before bouncing slightly and stabilizing around $9.29. Over the past 24 hours, the token has lost 10% of its value, extending its 45% decline streak over the past one month. The plunge caused TRUMP to lose key support levels, including $12.57 and $10.29.
! Daily TRUMP/USDT chart | Source: TradingView Selling pressure still dominates the market, putting TRUMP at risk of further weakness with further support located around $8. If investor sentiment continues to be pessimistic and market conditions do not improve, the token could slide even deeper, setting new lows before showing signs of recovery.
However, a positive signal could emerge if TRUMP regains the $10.29 level as support. At that point, the downward pressure may weaken, setting the stage for a rally. In particular, if TRUMP reconquers $12.57, the downtrend will be neutralized, opening up bullish prospects. However, for this to happen, a marked change in market sentiment and strong demand from investors is needed.
Disclaimer:This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions.
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The price of TRUMP bottom out after shocking news about tariffs on Liberation Day.
This development makes market sentiment more negative, enabling traders to take advantage of volatility to seek profits.
Trump's statement causes significant losses
TRUMP's funding rate has moved into negative territory over the past 24 hours, reflecting the growing trend of short selling. Traders step up their short positions, betting on a scenario where the price continues to weaken. This shift is mainly due to the impact of tariff policy, a decision that seems to stimulate the economy but puts pressure on TRUMP's values.
The negative reaction of the market shows the skepticism of investors towards the prospects of TRUMP. Instead of creating positive momentum, the tariff policy sparked a wave of sell-offs, sending the market into a state of panic.
! trump-coin-giamFunding rate of TRUMP | Source: TradingViewFrom a technical perspective, indicators such as the relative strength index (RSI) continue to signal negatively. The RSI remains deep in the decline zone, below the neutral level of 50, indicating that TRUMP has not shown significant signs of recovery. In the absence of a clear reversal signal or growth thrust, the token risks continuing to experience downward pressure in the short-term.
It is noteworthy that TRUMP has not yet fallen into the oversold zone (oversold), indicating that there is still room for prices to continue to decline. With the RSI not yet signaling a clear recovery, the current downward trend may continue until market sentiment changes or a new factor emerges strong enough to stimulate a rebound.
! TRUMP's (RSI) Relative Strength Index | Source: TradingView## TRUMP price suffers heavy losses
TRUMP fell to a record low of $8.97 before bouncing slightly and stabilizing around $9.29. Over the past 24 hours, the token has lost 10% of its value, extending its 45% decline streak over the past one month. The plunge caused TRUMP to lose key support levels, including $12.57 and $10.29.
! Daily TRUMP/USDT chart | Source: TradingView Selling pressure still dominates the market, putting TRUMP at risk of further weakness with further support located around $8. If investor sentiment continues to be pessimistic and market conditions do not improve, the token could slide even deeper, setting new lows before showing signs of recovery.
However, a positive signal could emerge if TRUMP regains the $10.29 level as support. At that point, the downward pressure may weaken, setting the stage for a rally. In particular, if TRUMP reconquers $12.57, the downtrend will be neutralized, opening up bullish prospects. However, for this to happen, a marked change in market sentiment and strong demand from investors is needed.
Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions.
SN_Nour
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