TRUMP/USDT Attempts Base Formation Amidst Bearish Sentiment

Official Trump Price Analysis – July 9

The Official Trump price indicates a market that has been under significant selling pressure, now attempting to establish a stable base near its current support levels. While a clear long-term reversal is not yet evident, buyers are showing signs of increased activity at lower prices. This suggest a potential for short-term bounces within the broader corrective trend.

Official Trump Key Levels

Support Levels: $6.10, $8.60
Resistance Levels: $10.30, $24.60

Official Trump Long-Term Trend: Bearish (Daily Chart)

TRUMP/USDT clearly illustrates a market that underwent a sharp and significant decline from its peak around $24.60 key level in February 2025. Following this aggressive sell-off, theb price has stabilized somewhat, finding a temporary floor around $8.60 market zone. While there have been minor rallies, they have consistently met resistance, notably around $10.39. The long-term trend suggests that sellers have maintained overall control, pushing the price to new lows. However, the intensity of selling pressure has recently diminished, allowing for a period of horizontal consolidation or potential base formation at current levels.

Currently trading at $8.60 key level, the TRUMP/USDT price reflects a market in a phase of re-evaluation after a pronounced downtrend. After a prolonged period of decline, the asset has found strong support at $8.66, with buyers stepping in to prevent further downside.

However, significant overhead supply around $10.39 has prevented any sustained upward momentum. The market’s immediate focus is on whether the $8.66 support can firmly hold and if buying interest can intensify to challenge the immediate resistance. The Stochastic Oscillator is at 48.70, trending upwards from oversold territory and crossing into a neutral zone. This suggests that the immediate bearish pressure has eased, and short-term bullish momentum is attempting to build, potentially leading to a short-term price bounce.

Official Trump Short-Term Trend: Bullish (4-Hour Chart)

The 4-hour chart provides a more immediate view of the price action, showing TRUMP/USDT consolidating tightly around $8.66, with a more noticeable increase of +1.76%. This timeframe highlights the price holding its ground above the $8.66 support after several days of struggle. Buyers are actively defending current price levels, absorbing any immediate selling pressure. The recent price action suggests a battle for control within a narrow range, with a slight bullish tilt in the very short term.

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