OFFICIAL TRUMP (TRUMP) Hype Fades As Price Crashed 30% This Week

• OFFICIAL TRUMP crypto fell 30% in the last week.
• TRUMP’s crypto price dropped below the 50-day EMA and turned bearish on a higher time frame.

OFFICIAL TRUMP (TRUMP) crypto fell 30% in the current week. The price dropped below the 50-day and 200-day EMA. It showcases that the trend is bearish and sellers are dominating on the higher levels

The bullish momentum of OFFICIAL TRUMP crypto price halted near $24.00 and prices faced sharp rejection. Slow and steady prices declined by forming lower lows and broke the previous support level of $14.30.

According to CMC data, TRUMP’s crypto price hit an all-time high of $75.35 just after its launch. However, as the hype fades as it is now in a correcting phase and no signs of recovery are visible.

Currently, the TRUMP price is down by 84.73% from its all-time high price showcasing strong bearish momentum. The community sentiment is also not looking good as 48% of the community is bullish and 52% is bearish.

Will Trump Crypto Price Bounce Back?

Source: TradingviewIndicators are also showing bearish signals. TRUMP is trading below the 50 and 200-day EMA levels. MACD is formed as a bearish cross and heading in a downward direction.

The RSI curve is at 21.24 suggesting TRUMP is oversold

At the time of writing, TRUMP crypto price is trading at $11.186 with an intraday drawdown of 14% indicating bearishness. Moreover, the market cap is $2.27 billion and the 24-hour trading volume is $975.93 million. The 24-hour trading volume has surged by 1% and the volume-to-market ratio is 38.84%

As per the technical summary of the trading view for Trump crypto, out of 17 indicators 10 are on the sell side, 6 are on the neutral side and 1 are on the buying side, indicating a strong sell signal.

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