Official Trump (TRUMP) Price Falls 18% as MACD Sends Critical Bearish Signal
- TRUMP Coin MACD confirms bearish crossover amid sustained selling pressure.
- RSI plunges below 30, reinforcing token’s current oversold market status.
Official Trump (TRUMP), a Solana-based memecoin launched by President-elect Donald Trump, has joined the crypto market bearish momentum as confirmed by its recent price movement. According to market data, TRUMP declined by over 18% today, settling at $7.34, down from a daily high of $9.12.
Technicals Analysis: MACD and RSI Indicators Action Revealed
The MACD holds confirmation that the TRUMP token is under bearish pressure in the ongoing trading sessions. At the moment, the MACD line stands at -1.15 which is below the signal line -1.03, therefore depicting a bearish crossover. Also, the histogram has a negative momentum which stands at -0.12 showing that there is a continuous downtrend.
As a result, these MACD figures are in line with the further decline in the price of the token. Moreover, there is a Market Action with Relative Strength Index decreasing. The present value of relative strength index or RSI is 27.40 which is rather low when compared with the specific level of 30 that is indicative of the overbought zone.
The downward move from 35.61 to the current figure of 27.40 points hint at the ongoing selling spree. It is notable that MACD and RSI indicators point toward a sustained bearish trajectory for Official Trump. The token remains in a bearish phase, consistent with the broader crypto market downturn. Moreover, the oversold RSI and negative MACD crossover present factual evidence of ongoing downward pressure, limiting bullish market possibilities.
TRUMP Futures and Current Market Performance
Open interest, which indicates the tokens’ futures, read at $242.03 million. This follows a uniform trend on 23 January 2025 with open interest hovering around $1.08 billion. However, this index of open interest took a fall and was valued at a little over $400 million by the first of February 2025. After that, the amount rose slightly only to drop again before rising to another high of nearly $500 million on March 3, 2025.
CoinMarketCap data indicates that TRUMP recently recorded a price decline of 18.44% within one day. At the times of writing, TRUMP trades at $7.34, a drop from its 24-hour peak of $9.12. The market capitalization demonstrated an 18.42% decrease between this period that brought it to $1.46 billion. During this period TRUMP attained a daily minimum value of $7.65 as it demonstrated a downward shift in market trends.
Besides the daily changes, the digital assets ATH was recorded at $75.35, registered three months ago on January 19, 2025. Consequently, TRUMP is down by 89.66% from its historical high, reflecting market volatility.
However, the coin rose from its all-time low of $1.21, recorded on January 18, 2025, marking a 545% increase. Moreover, the coin’s trading chart shows compatible dips in a day as the gradual reduction in value began above the $9 mark, steadily moving downward to the current price of $7.34.
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Official Trump (TRUMP) Price Falls 18% as MACD Sends Critical Bearish Signal
- TRUMP Coin MACD confirms bearish crossover amid sustained selling pressure.
- RSI plunges below 30, reinforcing token’s current oversold market status.
Official Trump (TRUMP), a Solana-based memecoin launched by President-elect Donald Trump, has joined the crypto market bearish momentum as confirmed by its recent price movement. According to market data, TRUMP declined by over 18% today, settling at $7.34, down from a daily high of $9.12.
Technicals Analysis: MACD and RSI Indicators Action Revealed
The MACD holds confirmation that the TRUMP token is under bearish pressure in the ongoing trading sessions. At the moment, the MACD line stands at -1.15 which is below the signal line -1.03, therefore depicting a bearish crossover. Also, the histogram has a negative momentum which stands at -0.12 showing that there is a continuous downtrend.
As a result, these MACD figures are in line with the further decline in the price of the token. Moreover, there is a Market Action with Relative Strength Index decreasing. The present value of relative strength index or RSI is 27.40 which is rather low when compared with the specific level of 30 that is indicative of the overbought zone.
The downward move from 35.61 to the current figure of 27.40 points hint at the ongoing selling spree. It is notable that MACD and RSI indicators point toward a sustained bearish trajectory for Official Trump. The token remains in a bearish phase, consistent with the broader crypto market downturn. Moreover, the oversold RSI and negative MACD crossover present factual evidence of ongoing downward pressure, limiting bullish market possibilities.
TRUMP Futures and Current Market Performance
Open interest, which indicates the tokens’ futures, read at $242.03 million. This follows a uniform trend on 23 January 2025 with open interest hovering around $1.08 billion. However, this index of open interest took a fall and was valued at a little over $400 million by the first of February 2025. After that, the amount rose slightly only to drop again before rising to another high of nearly $500 million on March 3, 2025.
CoinMarketCap data indicates that TRUMP recently recorded a price decline of 18.44% within one day. At the times of writing, TRUMP trades at $7.34, a drop from its 24-hour peak of $9.12. The market capitalization demonstrated an 18.42% decrease between this period that brought it to $1.46 billion. During this period TRUMP attained a daily minimum value of $7.65 as it demonstrated a downward shift in market trends.
Besides the daily changes, the digital assets ATH was recorded at $75.35, registered three months ago on January 19, 2025. Consequently, TRUMP is down by 89.66% from its historical high, reflecting market volatility.
However, the coin rose from its all-time low of $1.21, recorded on January 18, 2025, marking a 545% increase. Moreover, the coin’s trading chart shows compatible dips in a day as the gradual reduction in value began above the $9 mark, steadily moving downward to the current price of $7.34.
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