TRUMP Token Price Drops 21% Amid Regulatory and Technical Pressures
The OFFICIAL TRUMP token has plummeted 21% over 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 alone. Technical indicators paint a grim picture: the token languishes below its 7-day SMA ($6.05) and 30-day SMA ($7.42), while the RSI-14 at 34.26 signals oversold conditions without reversal signs.
Three headwinds dominate the narrative: deteriorating chart structure after breaking the 38.2% Fibonacci level at $6.47, escalating regulatory scrutiny around Trump-linked crypto ventures, and looming supply overhangs from potential insider token unlocks. A touted $200 million treasury rescue plan has failed to restore confidence, leaving traders eyeing $6.50 as a critical pivot.
The MACD histogram’s -0.10699 reading confirms bearish control. Market participants now watch for either capitulation or institutional bids to emerge at these depressed levels.
