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🗳️ TRUMP Meme Sector Under Pressure: Technical Breakdown Below Key Resistance
TRUMP faces significant downside momentum as the meme token fails to sustain above critical support levels. The token has slipped to $4.90 with a 24-hour decline of -1.24%, revealing weakening buyer interest amid broader meme sector consolidation.
Technical Setup:
The price action displays a clear pattern of lower highs, indicating bearish structure. Volume activity intensifies on each downswing, confirming distribution pressure. The immediate resistance zone sits at $4.95, while the next key support convergence targets $4.86.
Trading Strategy:
For short-term traders monitoring further downside potential:
Market structure suggests sellers maintain control. Watch for volume confirmation on breaks below support. The broader meme asset category continues its corrective phase, putting pressure on TRUMP alongside sector-wide headwinds.
#TRUMP #trumpusdt #InsightBulletin