TRUMP price has continued its downward trajectory, currently trading near $21 after a sharp decline of roughly 72% from its all-time high. Over the past 24 hours, the meme coin has dropped another 9%, extending its losses to nearly 30% in a week.
TRUMP lost nearly $10 billion in market cap over the past two weeks, reflecting ongoing selling pressure. As technical indicators like RSI and CMF remain weak, the meme coin faces a critical test to determine whether it can regain momentum or risk further downside.
TRUMP RSI Shows Sellers Are Still In Control Despite The Recent Recovery
TRUMP RSI is currently at 31.68, remaining below the 50 mark for the past seven days, with a notable low of 19.8 on February 1. This extended period of weak RSI suggests persistent selling pressure, as the token has struggled to generate enough momentum for a meaningful recovery.
A sharp dip to 19.8 highlights an extreme level of bearish sentiment, though the recent recovery to 31.68 indicates some stabilization. However, the inability to cross 50 suggests that bullish strength remains limited, keeping TRUMP in a vulnerable position.
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and magnitude of price movements, ranging from 0 to 100.
Readings above 70 indicate overbought conditions, signaling a possible correction, while readings below 30 suggest an asset is oversold and may be primed for a rebound.
With TRUMP RSI at 31.68, it is hovering just above oversold territory but still below the neutral 50 level, indicating that sellers continue to dominate.
The inability to reclaim 50 over the past week reinforces a bearish outlook, as it reflects a lack of sustained buying pressure necessary to shift market sentiment.
CMF Is Currently At Very Low Levels
TRUMP CMF is
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Author: Tiago Amaral
