OFFICIAL TRUMP Token Breaks Critical Support, Enters Bearish Territory

TRUMP/USDT Price Analysis – September 23

OFFICIAL TRUMP has entered a new bearish phase after decisively breaking below a critical multi-month support level. The prolonged period of low-volatility consolidation has ended with a sharp move to the downside, with sellers taking firm control of the market. This technical breakdown suggests that the path of least resistance has shifted, and further price declines are likely.

TRUMP Key Zones

Support Zones: $3.00, $4.00
Resistance Zones : $7.59, $8.52, $12.30

The daily chart for TRUMP/USDT clearly shows the end of a long-standing stalemate. For months, the price held the $7.59 level as support, causing the Bollinger Bands to tighten into a narrow squeeze. This indicated that a significant move was imminent, and that move has now been confirmed as a bearish breakdown. The price has pushed below both the support floor and the lower Bollinger Band.

The expanding Bollinger Bands confirm that volatility is returning to the market, and it is currently dominated by sellers. The bearish momentum is validated by the Relative Strength Index (RSI), which has plunged to a reading of 31.78, nearing oversold territory. This sharp drop in the RSI underscores the strength of the sellers who have driven this breakdown. The former support at $7.59 will now act as a primary resistance level.

TRUMP Short-Term Trend: Bearish (4-hour chart)

On the 4-hour timeframe, the strong bearish trend is unmistakable. Following the breakdown, the price has been grinding lower, with the Bollinger Bands expanding to accommodate the downward move. The price is currently trading near the lower band, a classic sign of a strong and active downtrend.

The selling pressure is further highlighted by the RSI, which is deep in oversold territory with a reading of 24.48. While an oversold condition can sometimes precede a bounce, in a strong breakdown scenario like this, the price can remain oversold for an extended period.

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