🗳️ TRUMP Meme Sector Under Pressure: Technical Breakdown Below Key Resistance

robot
Abstract generation in progress

TRUMP faces significant downside momentum as the meme token fails to sustain above critical support levels. The token has slipped to $4.90 with a 24-hour decline of -1.24%, revealing weakening buyer interest amid broader meme sector consolidation.

Technical Setup:

The price action displays a clear pattern of lower highs, indicating bearish structure. Volume activity intensifies on each downswing, confirming distribution pressure. The immediate resistance zone sits at $4.95, while the next key support convergence targets $4.86.

Trading Strategy:

For short-term traders monitoring further downside potential:

  • Entry Zone: $4.92-$4.95
  • Stop Loss: Above $5.00
  • Target 1: $4.86 (24h low)
  • Target 2: $4.75
  • Target 3: $4.60

Market structure suggests sellers maintain control. Watch for volume confirmation on breaks below support. The broader meme asset category continues its corrective phase, putting pressure on TRUMP alongside sector-wide headwinds.

#TRUMP #trumpusdt #InsightBulletin

TRUMP-0,24%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)