The TRUMP token has suffered a massive sell-off, dropping 59.41% in the past month and 13.46% in the last 24 hours, bringing its price to the $11 region. The asset continues to struggle amid strong bearish sentiment and increased selling pressure, leading analysts to speculate whether TRUMP will slide to single-digit levels in the coming days.
Bearish Fractal Pattern Signals $8 Target
Technical indicators suggest TRUMP may follow a repeating fractal pattern, which previously resulted in a sharp 25.34% drop after four days of consolidation. A similar consolidation phase has just ended, setting the stage for another 33.13% decline, potentially bringing TRUMP’s price down to $8.37—a level last seen shortly after launch.
Derivatives Market Signals Continued Selling Pressure
A closer look at the derivatives market confirms the bearish outlook:
- OI-Weighted Funding Rate: Recently turned negative at -0.0004%, signaling increasing bearish sentiment.
- Taker Buy/Sell Ratio: Currently at 0.9231, indicating more sell orders than buy orders. If it drops below 0.9, selling pressure could intensify, accelerating the fall to $8.
- Bull-Bear Power (BBP) Indicator: Has remained negative at -1.40 since February 25, confirming that sellers dominate the market.
Oversold Conditions – A Brief Relief Possible?
The Money Flow Index (MFI) suggests that TRUMP has entered the oversold zone, meaning selling momentum may temporarily slow down. However, unless key indicators shift toward bullish territory, any relief rally is likely to be short-lived, with further declines expected.
What’s Next for TRUMP?
With bearish indicators dominating the market, investors remain cautious, and selling activity continues to drive TRUMP’s price downward. If the current trend persists, the $8 level could be reached soon, further testing investor confidence in the asset.
Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or legal advice. Readers should conduct their own research before making any trading decisions.
