TRUMP Token Rejects $2.86 Zone, Bears Eye $2.75 Next

TRUMP token struggles below key resistance as analysts flag bearish signals. Here’s what the charts reveal about the next price move.

The TRUMP token portrays bearish signals stacking up on the charts. Coinpedia Markets lately flagged a rejection-based short setup on the 1H timeframe. 

Price is struggling beneath a firm supply zone. The daily chart tells a similar story, with lower highs and lower lows persisting since March. 

Selling pressure continues to dominate the broader structure.

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TRUMP Hits a Wall at Key Resistance Zone

Coinpedia Markets identified a strong resistance zone between $2.858 and $2.868. Price has tested this area multiple times without success. 

Each rejection signals that sellers are stepping in at that level consistently. The recommended entry zone sits between $2.855 and $2.865, with a stop loss placed at $2.883.

The trade idea targets $2.815 as the first take-profit level. 

A deeper move could push price toward $2.758. Coinpedia notes that this setup depends on confirmation, specifically a wick rejection or a bearish candle close. 

A clean break above resistance, however, would invalidate the setup entirely.

Price is also trading below key exponential moving averages on the 1H chart. This reflects weak buying momentum. 

The consolidation pattern forming alongside the repeated rejection points to a potential breakdown if buyers cannot reclaim higher ground.

Daily Chart Shows Downtrend Still Intact

Zooming out to the daily timeframe, the downtrend that started after the March spike toward $4.50 remains in place. 

The latest price near $2.83 sits below the 20-day Bollinger basis at $2.93. That position confirms short-term control still belongs to sellers.

Despite this, price is holding just above the lower Bollinger Band at $2.69. Downside momentum appears to be slowing. 

The narrowing band structure often signals that a big directional move is approaching. The $2.69 to $2.80 range stands as the key immediate support zone to watch.

RSI Shows Weakness Fading but No Reversal Yet

The daily RSI currently sits at 40.47, still below the neutral 50 mark. 

Bearish pressure remains the dominant force. However, the RSI has crossed marginally above its signal line, which stood at 39.84. This hints that selling momentum may be losing steam.

A relief bounce could develop if buyers manage to defend current levels. Traders would need to see the price close above the $2.93 mid-band area on rising volume for confirmation. 

Without that, a drop below $2.69 opens the door to the $2.50 to $2.40 region. That zone represents the next likely downside target if support fails.

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