TRUMP has seen a 7% rise in the last 24 hours, with the price trading at $10.34 at the time of writing. Despite this short-term recovery, the broader outlook for the altcoin remains bearish, influenced by ongoing market conditions. 

The recent conflict between Elon Musk and Donald Trump has added further uncertainty, potentially deepening the bearish trend.

TRUMP Outflows Rise

The Relative Strength Index (RSI) for TRUMP currently sits in the negative zone, below the neutral mark. This suggests that the broader market cues are bearish, presenting a significant challenge for TRUMP’s recovery.

A sustained period in the negative zone indicates that buying momentum is weak, and sellers continue to dominate the market.

The bearish sentiment is compounded by the recent market uncertainty surrounding the spat between Musk and Trump. The ongoing tensions between these two influential figures could further contribute to the lack of positive momentum for TRUMP.