$TRUMP {spot}(TRUMPUSDT) 🚨Can Trump Coin Price Crash 40% t
CryptoPotato
Updated at: 16 hours ago
{"content":"$TRUMP
{spot}(TRUMPUSDT)
🚨Can Trump Coin Price Crash 40% to $5?🚨
Trump Coin price faces a breakdown risk from a descending triangle pattern as it tests the lower boundary support. This bearish pattern shows that sellers have been gradually overpowering buyers, which is a sign of a weak bullish momentum.
The horizontal support level of $9.73 has held since late April, but TRUMP price is now testing a breakdown from it, which may kickstart a steep decline. If this support level is breached, the target price based on the triangle’s height will be $5.75, marking a 40% crash from the current price.
The volume histogram bars show that Trump Coin’s volumes have been dropping steadily within this triangle, which highlights a lack of conviction from both buyers and sellers. Meanwhile, the RSI is hovering at 37 and tipping south, which reinforces the thesis that the Trump meme coin is under a bearish momentum.
As the triangle pattern narrows, some buyers may decide to accumulate the dip, and this could aid a reversal to the upper trendline. The AO histogram bars show the likelihood of a trend reversal to bullish as they turn green, albeit remaining negative. A crossover above the zero line could be the catalyst that triggers a Trump Coin price rally to the upper trendline resistance.
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