Posting significant gains in two weeks, Trump faced a strong resistance level and took a downturn this week. Having shown signs of weakness in the past week, it is now losing grip daily. Prior to the recent bullish move, which came after finding a threshold at $7.15 last month, Trump also went through a lot of reductions after launching into the centralised exchange market in January. The bullish move, which appeared stuck under $17 due to a rejection, is now suspended to where it is changing hands at $12.5. It unfortunately lost buzz and now looks weak on the daily chart. A clear drop below $12 could cause a major sell-off in the next few days. That could bring us back to the bottom level, where the price picked up last month. If the bulls defend well, we can anticipate a rebound after forming a double-bottom pattern. Otherwise, the sell-off may extend to a new low. Locating support nearby, with a strong bounce back, the crypto will likely resume bullish at full speed. That should bring more positive change in the trading levels until the trend completely shifts above $80. Leading the Solana-based meme coin chart with roughly $2.5 billion worth of market cap at the time of writing, Trump’s price is now weak on the daily chart after posting major profits in the past weeks. Technically, the bulls appeared exhausted and are now taking a break on the daily chart. TRUMP’s Key Level To Watch Source: Tradingview In the current drop , the immediate support levels to consider for a pullback are $10 and $8.8. The $7.15 support would be the last defence line for the bulls in case of more dips. A recovery from the current trading level could bring us back to the $16.4 resistance. A push above it should allow a bigger price movement to $20 and $24.6 in the future. Key Resistance Levels: $16.4, $20, $24.6 Key Support Levels: $10, $8.8, $7.15 Spot Price: $12.5 Trend: Bullish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
