TRUMP Coin (TRUMP) Analysis: Here’s What the Chart Says (Bearish!)

US President Donald Trump’s official meme coin Trump Coin (Trump) continued to be low trend on Friday, with chart analysis to a strong possibility of continuous negative aspects.

Trump did the last business around $ 7.70, which was close to its lowest levels since the launch in January.

Trump organization launched Official trump coin Just before the inauguration of Trump in late January.

Early promotion says Meme coin Price of more than $ 70 and a market cap in the $ 10s of Arabs.

Although, Meme coin Since then, 90% lower is the opposite. This is partly because the trump coin launch sucked a lot of liquidity from the wider meme coin market, which has been in a sharp decline since the launch of the token.

It is also because Macro Backdrop has turned enough for worseBeating with concerns about economic results with risky assets like stock and crypto Trump Business war.

But the price of Trump coin is also probably suffering from the rapid amount of criticism, and there are concerns about potentially inappropriate tools.

Its sharp decline from the height after the launch looks specific of a “pump-end-dump” scheme, a common type of scam in Crypto, in which many people are calling it out.

Meanwhile, there are concerns that the token distribution of the meme coin is unfair, with Tusrap The organization gave itself 80% of the overall supply of tokens.

These tokens have been vested to release in the next three years, with 4% supply, the value of about $ 300 million, being unlocked on Friday.

Where is the next for Trump Coin? What does the chart say here

Fundamentals currently paint a hard photo for the trump coin. In the absence of a major improvement in emotion for a broad crypto market, Meme coin There is no possibility of going anywhere fast.

The chart analysis also paints the picture of a recession for the trump coin. Trump has consistently resisted on his 21DMA in recent months, and stuck in the trend channel downwards.

If the current trend continues, Trump may fall by about $ 5 by the end of the month.

There is a possibility of a sufficient rebound at this point, however, and if the meme coin was to break down its recent downtrend and up to 21DMA, there would be a quick rally above $ 10.

Nevertheless, since macroeconomic uncertainty remains more, any trump rally is likely to remain short -lived and shallow.

Lover investors will use the existing high levels of uncertainty in the market, and currently the prices of crypto are suppressed, which are as an opportunity to accumulate.

However, the reliability of Trump Mem’s coin coin suggests that it may no longer be the best crypto to buy.

Coin -like Bitcoin, Ethereum And Sola Trump is likely to look at large benefits before the end of the end of a four -year term, and there are much safe bets compared to the Trump coin.

He said, it is Crypto, and Trump is the largest name in the world. Trump Sikka can surprise everyone with a big return at any time.

Just as 90% fell from recent high, A 10x Rally is also possible at new record high.

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