Trump Token Price Drops 21%, Key Levels Traders Should Watch
The OFFICIAL TRUMP token has plummeted 21% in the past week, now trading at $5.96—its lowest level since late September. Bearish momentum persists with a 1.65% drop in the last 24 hours, driven by technical weakness, regulatory scrutiny, and looming supply unlocks.
Technical indicators show no respite: TRUMP remains below its 7-day SMA ($6.05) and 30-day SMA ($7.42), with RSI-14 at 34.26 signaling oversold conditions but no reversal. The breach of the 38.2% Fibonacci level at $6.47 has turned this zone into resistance, leaving traders eyeing $6.50 as a critical pivot.
Despite a touted $200 million treasury rescue plan, market confidence remains fractured. The MACD histogram’s -0.10699 reading underscores dominant selling pressure, while only 20% of circulating supply appears actively traded—amplifying volatility risks.
