TRUMP Meme Coin Drops 5% in a Week, Technical Indicators Signal Weakness

The TRUMP meme coin has been struggling to regain momentum, with a nearly 5% drop over the past week and trading below the $10 mark for the last 16 consecutive days. Despite a significant $307 million token unlock, the market response has been subdued, and technical indicators continue to signal weakness. The BBTrend has flipped back into negative territory, the Ichimoku Cloud shows sustained bearish pressure, and EMA lines remain tilted to the downside. Overall, TRUMP appears stuck in a broader downtrend, with no clear signs of reversal for now.

TRUMP’s BBTrend has sharply dropped to -6.93, a notable decline from its recent positive reading of 2.35 just two days ago. Between April 13 and April 16, the BBTrend briefly turned positive, suggesting a short-lived recovery in trend strength. However, the quick reversal back into negative territory points to renewed weakness and fading momentum. This sharp swing signals that whatever bullish attempt emerged during the weekend has likely lost traction, with sellers once again gaining control.

The BBTrend, or Bollinger Band Trend, gauges the strength and direction of a price trend by measuring the expansion or contraction of Bollinger Bands. Positive values typically suggest strong trend formation—whether upward or downward—while negative values reflect contracting volatility and fading trend strength. With TRUMP now sitting at -6.93, the indicator shows that the market may be losing direction and entering a phase of uncertainty or potential downside drift. Unless BBTrend shifts back into positive territory soon, TRUMP meme coin could face increased pressure and continued instability in the short term.

TRUMP meme coin is currently trading below the Ichimoku Cloud, which signals a bearish outlook according to the indicator. The price has failed to reclaim the cloud in recent days, and the flat nature of the Senkou Span B (the lower boundary of the cloud) reinforces the idea of strong overhead resistance and weak momentum. The Tenkan-sen (blue line) remains below the Kijun-sen (red line), further supporting the ongoing bearish trend. Short-term price action continues to lag behind longer-term averages. Additionally, the cloud ahead is thin and flat, suggesting that volatility may remain low and that the current trend lacks strength. The Kumo (cloud) does not show signs of expansion, meaning a strong breakout in either direction is not imminent. For now, with TRUMP stuck below the cloud and no clear bullish crossover between the Tenkan-sen and Kijun-sen, the bias remains tilted to the downside unless a decisive shift in momentum takes place.

Despite a substantial $307.64 million token unlock, sentiment and price action have remained largely unchanged. The EMA lines continue to point toward a bearish trend, as the short-term averages remain positioned below the long-term ones—reflecting sustained downside pressure. If this trend persists, TRUMP could soon retest a key support zone, which may determine whether the token stabilizes or sees deeper losses. The lack of a bullish response to the unlock adds to concerns that market confidence is currently weak. However, a trend reversal could shift the outlook. If buyers regain control and momentum builds, TRUMP meme coin could make a move toward resistance levels, with potential targets around $8.39 and $8.79. A breakout above those would open the door for further gains toward $10.67, and if the bulls continue strongly, even a move to $12 is possible. Still, with the EMAs tilted to the downside and no immediate sign of recovery, the burden remains on bulls to reverse the trend and reignite upward momentum.