OFFICIAL TRUMP Price Dips Below $10; Will Recovery Follow?

• OFFICIAL TRUMP price fell 16% in the last 24 hours and broke the $10 psychological level.
• TRUMP price got a sharp rejection from the 50-day EMA level, suggesting bearishness.

OFFICIAL TRUMP (TRUMP) price analysis suggests a bearish outlook for the long term and indicates more decline is possible. It faced sharp rejection from the $10.43 level and the price tumbled by making a strong bearish candle. 

According to CMC data, the OFFICIAL TRUMP price dropped by 87% from its all-time high price and eroded its early gains. At present, the coin is sliding down to the $9.30 level, which is visible as reliable support for the price. 

OFFICIAL TRUMP price traded in a bearish grip and dropped below the 50-day and 200-day EMAs. It suggests that the trend is in the downward direction. So, investors and traders need to be careful before taking any move. 

Currently, the OFFICIAL TRUMP (TRUMP) price is trading at $9.97 with an intraday decline of 12%, suggesting extreme bearishness. Moreover, the trading volume is $846.05 million and the market cap is at $1.86 billion.

Will the OFFICIAL TRUMP (TRUMP) Price Make A Comeback?

TRUMP price is trading below key EMAs, and RSI has fallen into the oversold zone, currently at 31.08, suggesting negative momentum. Moreover, MACD indicators also formed a bearish cross heading in the bearish zone with a red histogram.

The sudden fall in TRUMP price had decreased the confidence of investors and traders. If the price declines more, it might trigger panic selling and the price can go further down. However, if buyers succeed in halting the downfall near the $9.00 support, investors may see a mild bounce. 

The TRUMP price analysis indicates that this collapse has created negative sentiment among investors, and OFFICIAL TRUMP faces extreme bearishness. So, it’s better to avoid taking any long positions.

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