The 16% drop $TRUMP isn’t a technical selloff; it’s political. Democratic control of Congress has raised fears of tighter regulation and a revaluation of the Trump family’s digital assets. The price reflects that, not the chart structure.
Support is at 1.12–1.15, with resistance at 1.30 and then 1.40. I don’t see a reversal before 1.30 is reclaimed—and even reclaiming it would only mean selling has paused, not that demand has returned.
Momentum indicators on the daily and four-hour charts are deeply oversold, which could allow for a limited technical bounce. But oversold conditions in an asset driven by politics don’t mean what they do on a typical chart.
Unless the price closes above 1.30 on genuine volume, further bleeding is likely.
This is technical analysis, not advice.
If you found this post useful, we’d be grateful for your support with a like 👍
#TRUMP #Memecoins #BinanceSquare
Support is at 1.12–1.15, with resistance at 1.30 and then 1.40. I don’t see a reversal before 1.30 is reclaimed—and even reclaiming it would only mean selling has paused, not that demand has returned.
Momentum indicators on the daily and four-hour charts are deeply oversold, which could allow for a limited technical bounce. But oversold conditions in an asset driven by politics don’t mean what they do on a typical chart.
Unless the price closes above 1.30 on genuine volume, further bleeding is likely.
This is technical analysis, not advice.
If you found this post useful, we’d be grateful for your support with a like 👍
#TRUMP #Memecoins #BinanceSquare
