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The Official Trump tumbled 27% in the last week despite rising a fraction of a percentage in the last 24 hours to trade at $11.13 as of 4:39 a.m. EST, with trading volume plunging 42% to $544 million.
This comes as Donald Trump said in an interview that he’s “not profiting from anything” related to his TRUMP meme coin, but quickly admitted that he has not checked if he made a profit in an interview with Kristen Welker on NBC’s Meet the Press show.
Official Trump On A Bearish Trend Continuation
The TRUMP price on the 4-hour chart shows a dynamic shift in market sentiment following a recent spike.
Initially, the Official Trump price experienced a significant breakout that carried it sharply from under $10 to a peak above $17, as GeckoTerminal data shows. However, this move appears to have formed a classic rounded top pattern, suggesting a potential reversal of bullish momentum.
Following the peak, the price began a consistent decline, breaking below the 50 Simple Moving Average (SMA) and currently heading toward a key support zone around the $10 level. This behavior indicates a short-term bearish trend developing after an overstretched rally.
The 50 SMA recently crossed above the 200 SMA, forming a golden cross, which is typically a bullish signal. Meanwhile, the Relative Strength Index (RSI) is currently hovering around 32.87, just above the oversold threshold of 30.
That suggests weakening momentum and selling pressure, although it hasn’t yet resulted in a rebound. Additionally, a Fair Value Gap (FVG) is identified between approximately $9.50 and $10.50, highlighted by a gray box.
TRUMP Price Prediction
Given the loss of momentum after the parabolic move and the formation of a rounded top, the current structure favors a continuation to the downside. The dominant direction is likely downward toward the $10 FVG zone for the Official Trump price.
Should the TRUMP price test and hold this area, a bounce could occur, providing an opportunity for a reversal towards the $13.04 level (200 SMA).
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