TRUMP price continues to struggle, dropping more than 4% in the last 24 hours as it trades near historical lows. The bearish momentum has persisted for over a week, causing TRUMP to lose its position as the third-largest meme coin to PEPE, with a market cap now sitting at just over $3 billion.
Indicators like BBTrend and the Ichimoku Cloud suggest that downward pressure remains strong, with little sign of a trend reversal. If TRUMP fails to regain momentum soon, it could face further declines, potentially dropping below $10 in the coming weeks.
TRUMP BBTrend Stalled Yesterday But Is Going Down Again
TRUMP BBTrend is currently at -13.2, decreasing again after hovering around -10 yesterday. The BBTrend (Bollinger Band Trend) measures price momentum relative to the Bollinger Bands, helping identify whether an asset is in a strong uptrend or downtrend.
Positive values indicate bullish momentum, while negative values suggest bearish pressure. A declining BBTrend typically signals weakening price strength and a continuation of the prevailing trend.
The TRUMP official meme coin BBTrend has remained negative for the past 10 days, hitting a low of -49 on February 4, indicating persistent bearish momentum. Although it has recovered from its deepest negative levels, the current reading of -13.2 suggests that downward pressure is still present.
If BBTrend fails to turn positive, TRUMP could continue struggling to build upward momentum. That would potentially lead to further consolidation or declines. A sustained increase in BBTrend would be needed to signal a meaningful shift in trend.
Ichimoku Cloud Shows a Bearish Setup for TRUMP
TRUMP Ichimoku Cloud chart shows a strong bearish trend, with the price trading well below the cloud. The Kijun-sen (red line) and Tenkan-sen (blue line) are both closely following the price, indicating weak momentum and a lack of bullish strength.
The cloud itself remains thick and red, which suggests strong resistance above the current TRUMP price. That makes any potential recovery more difficult. The price has been consistently below the cloud, reinforcing the dominance of bearish sentiment.
The Senkou Span A (green line) and Senkou Span B (red line) slope downward, confirming the continuation of the bearish trend. Additionally, the Chikou Span (green line) is positioned far below the price, further validating the ongoing downtrend.
Until the price breaks above the Tenkan-sen and Kijun-sen with strong momentum, TRUMP is likely to remain in a weak position. A move above the cloud would be required to signal a potential trend reversal.
TRUMP Price Prediction: Will TRUMP Fall Below $10?
TRUMP is currently trading at historical lows, having dropped 22% in the last seven days and losing its position as the third-largest meme coin to PEPE.
If bearish momentum continues, TRUMP price could face further declines, potentially dropping below $10 in the coming weeks.
However, if TRUMP can regain the momentum seen in its early days, it could stage a strong rebound. The first major resistance to watch is $20.7, and if broken, TRUMP price could push toward $24.5.
A continued uptrend could even take the price to $30.4, marking its first return above $30 since January 28.
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