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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
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Post original content (at least 100 words) on Gate Square related to
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Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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$TRUMP Hits Record Low as U.S. President Escalates Trade War
The price of memecoin TRUMP has plummeted to its lowest level ever, almost wiping out its value in just one month. The main reason is the impact of the ongoing trade war initiated by US President Donald Trump, which has caused the crypto market to collapse. The market's weakness has caused the price of TRUMP to be unable to recover, forcing many traders to change their strategies, shifting to betting on the downward trend instead of expecting the price to rise again. $TRUMP is gradually losing favor in the eyes of traders The funding rate* of TRUMP has dropped to its lowest level since mid-January, indicating a significant increase in short orders. This means that more and more traders believe that the price of TRUMP will continue to decline rather than recover. Selling pressure still dominates as the market lacks momentum to recover. In this context, traders tend to take advantage of the decline to make a profit, instead of waiting for a reversal. If no positive signals appear, pessimism will persist, pushing the TRUMP price into a difficult position.
Technical indicators also reflect a negative trend towards TRUMP. The relative strength index (RSI) has been maintained below the neutral 50 level since the beginning of February, indicating selling pressure is dominant. As RSI sinks deeper, selling force increases without signs of stopping. Once the RSI is stuck in the negative zone for too long, the likelihood of prices continuing to decline is even higher. Currently, there are no signs of divergence, meaning that the downtrend will continue. If the RSI cannot surpass the neutral level, the possibility of a TRUMP recovery is almost 0, pushing the price of this memecoin to a record low.
TRUMP price forecast: Will it continue to drop further? Today, the price of TRUMP has set a new low at $14.29 after a 11% decrease in the day. This sharp decline started when TRUMP lost the important support level of $16, causing the price to fall freely. If it cannot recover quickly, the likelihood of TRUMP continuing to decline deeply is very high. In the case of a prolonged downtrend, the price of TRUMP may slide below the $10 mark. If this happens, almost all the profits that this coin has earned since its listing date will be wiped out. At that point, the selling pressure will be even greater, pushing TRUMP into a more dangerous situation.
The only way to reverse the downtrend is for TRUMP to reclaim the $19.58 support area. If the buying side returns to the market, the price could bounce to the $26 level, helping to recover some recent losses. However, under the current circumstances, a strong reversal seems unlikely to occur unless a major beneficial variable for the market emerges.
DYOR! #Write2Earn #Write&Earn $TRUMP {spot}(TRUMPUSDT)