OFFICIAL TRUMP Battles Resistance in Ongoing Downtrend

OFFICIAL TRUMP Price Analysis – September 2

TRUMP/USDT pair reflects a predominantly bearish market, with the meme coin facing persistent selling pressure after a sharp decline from earlier peaks. Sellers maintain control amid volatility tied to so many cycles. Nevertheless, a recent bounce hints at short-term buyer interest that could fizzle without stronger catalysts.

OFFICIAL TRUMP Key Levels

Support Levels: $6.00, $6.65, $4.00
Resistance Levels: $11.87, $13.23, $14.00

TRUMP/USDT on the daily timeframe paints a clear picture of a downtrend that intensified from March highs around $18.00, driven by fading hype and broader crypto market corrections. The price tumbled through multiple support zones, forming a series of lower highs and lower lows, before finding temporary footing at the $6.00 psychological level in late August—a key fair value gap in Smart Money Concepts (SMC) where institutional sellers likely distributed holdings. Currently at $8.44 with a 1.08% gain, the token has rebounded modestly, but remains below the descending Bollinger Bands midline, signaling ongoing bear dominance.

Volume appears subdued on the rebound candles compared to the heavier selling bars earlier, suggesting limited conviction from buyers and potential for another leg down. A head-and-shoulders pattern emerged mid-year, confirming the bearish reversal as the neckline broke near $10.00. The Bollinger Bands are contracting, indicating reduced volatility and a possible squeeze, which often precedes sharp moves—in this case, likely downward if bears reclaim control.

OFFICIAL TRUMP Short-Term Trend: Neutral (4-Hour Chart)

Zooming into the 4-hour chart, TRUMP/USDT trades at $8.44, up 0.96%, showing a choppy consolidation after the bounce from $6.00. This timeframe reveals a corrective structure. The price hovers near the Bollinger Bands upper band at $9.37, testing resistance, while the lower band at $8.08 acts as nearby support. Volume spikes are noticeable on downside wicks, implying seller absorption, but overall activity remains moderate, not supporting a sustained breakout.

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