As of August 23, 2025, TRUMP is experiencing bearish pressure, currently priced at 8.41 USD, down 3.22% in the last 24 hours. If it falls below 8.40 USD, it could further decline to 7.30 USD, reflecting ongoing weakness in the market.
The analysis highlights a bearish head-and-shoulders pattern on the daily chart for TRUMP, signaling potential further declines. The Relative Strength Index (RSI) stands at 39, indicating weak momentum and suggesting the likelihood of continued downside pressure.
Despite the bearish outlook, there is a notable increase in investor accumulation, with 15 million USD worth of TRUMP moving out of exchanges recently. This implies that some investors are betting on a reversal, while traders are heavily positioned, reflecting mixed market sentiments.
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