TRUMP/USDT Price Analysis – August 25
OFFICIAL TRUMP crypto continues to be dominated by sellers, with the price locked in a persistent and prolonged downtrend. Following a failed attempt to rally in July, bears have reasserted their control, guiding the price steadily lower. The market is now consolidating near its recent lows and approaching a critical long-term support level, with technical indicators suggesting the path of least resistance remains to the downside.
OFFICIAL TRUMP/USDT Key Levels
Support Levels: $6.65, $5.40
Resistance Levels: $11.87, $16.05
OFFICIAL TRUMP/USDT Long-Term Trend: Bearish (Daily Chart)
TRUMP/USDT clearly illustrates a market under the firm grip of a bearish trend. Since peaking in May, the price has consistently failed to establish higher highs, instead carving out a series of descending peaks. Currently trading at $8.42, the price is drifting towards the major support level at $6.65, which marks the low point from April. This level is the last line of defense for the bulls before a potential new leg down.
The indicators on the daily timeframe provide strong confirmation of the bearish outlook.
The MA Cross (9, 21) is in a bearish formation, with the 9-period MA trading firmly below the 21-period MA. Both lines are angled downwards, reinforcing the strength of the current downtrend. The Relative Strength Index (RSI) is positioned at 37.71, well within bearish territory below the 50 midline. This indicates that sellers are in complete control of momentum, and with the RSI not yet being oversold, there is sufficient room for the price to continue its decline and test the crucial $6.65 support.
OFFICIAL TRUMP/USDT Short-Term Trend: Bearish (4-Hour Chart)
On the 4-hour timeframe, the bearish pressure is relentless. The price, at $8.41, is grinding lower in a slow and controlled manner, indicative of persistent selling with very little opposition from buyers.
The short-term indicators echo the bearish sentiment. The RSI, with a reading of 40.10, has been oscillating in the lower half of its range (below 50). This behavior is typical of a strong downtrend, where minor bounces lack the momentum to shift sentiment, and sellers consistently step in to push the price lower.
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