Trump - Technical Analysis

Key Levels

• Upside Target: $15.63
• Next Support: $9.56
• Next Resistance: $12.22
• Downside Target : $7.56
• Direction: Neutral/Bearish 

With price sitting far below the 100 EMA at $13.35, the trend is clearly tilted to the downside. The RSI and its average are both hovering around 40, and notably, the RSI has been making consistent lower highs and lower lows since the April top, signaling persistent momentum loss. This confirms that the market remains in a bearish-to-sideways phase, lacking any signs of strength for now.

Scenarios Ahead

• Bearish Continuation: If $9.56 breaks down, we could see a quick drop to $7.56. The lower highs and weak RSI setup support this scenario unless bulls step in aggressively.
• Range Formation: If $9.56 holds, TRUMP may chop sideways between $9.56 and $12.22. This would form a base, but until $12.22 is reclaimed, there's no reason to expect a bullish reversal.
• Breakout Toward Recovery: A reclaim of $12.22 would be the first sign of a trend shift. That could open up a move toward the 100 EMA around $13.35 and possibly $15.61. However, this would require significant momentum pickup, which is not visible yet.

Cryptonary’s Take