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Category: CRYPTO NEWS
The post TRUMP Price Could Drop to $10 With Bears in Full Control appeared on BitcoinEthereumNews.com. TRUMP price continues to struggle, dropping more than 4% in the last 24 hours as it trades near historical lows. The bearish momentum has persisted for over a week, causing TRUMP to lose its position as the third-largest meme coin to PEPE, with a market cap now sitting at just over $3 billion. Indicators like BBTrend and the Ichimoku Cloud suggest that downward pressure remains strong, with little sign of a trend reversal. If TRUMP fails to regain momentum soon, it could face further declines, potentially dropping below $10 in the coming weeks. TRUMP BBTrend Stalled Yesterday But Is Going Down Again TRUMP BBTrend is currently at -13.2, decreasing again after hovering around -10 yesterday. The BBTrend (Bollinger Band Trend) measures price momentum relative to the Bollinger Bands, helping identify whether an asset is in a strong uptrend or downtrend. Positive values indicate bullish momentum, while negative values suggest bearish pressure. A declining BBTrend typically signals weakening price strength and a continuation of the prevailing trend. TRUMP BBTrend. Source: TradingView. The TRUMP official meme coin BBTrend has remained negative for the past 10 days, hitting a low of -49 on February 4, indicating persistent bearish momentum. Although it has recovered from its deepest negative levels, the current reading of -13.2 suggests that downward pressure is still present. If BBTrend fails to turn positive, TRUMP could continue struggling to build upward momentum. That would potentially lead to further consolidation or declines. A sustained increase in BBTrend would be needed to signal a meaningful shift in trend. Ichimoku Cloud Shows a Bearish Setup for TRUMP TRUMP Ichimoku Cloud chart shows a strong bearish trend, with the price trading well below the cloud. The Kijun-sen (red line) and Tenkan-sen (blue line) are both closely following the price, indicating weak momentum and a lack…
2025-02-13T09:45:11+00:00
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