OFFICIAL TRUMP Token Drops 15% From May Peak Amid Bearish Indicators

The OFFICIAL TRUMP token is currently trading near $11.04, experiencing a volatile descent after reaching its peak in mid-May. Market participants are now focusing on the broader structure unfolding for June, as momentum indicators and price compression zones begin to converge. The primary question on traders' minds is why the OFFICIAL TRUMP price is declining and whether this downward pressure will persist.

On the higher timeframe, the OFFICIAL TRUMP price action has formed a large symmetrical triangle with a descending top trendline from the $15.80 rejection and a rising base near $9.40. Despite occasional price spikes, the token remains confined within this tightening range. A recent failed breakout attempt near $13.50 was met with aggressive selling, pushing the price back into the mid-$10 region by early June.

On the daily chart, the structure of $TRUMP shows a clear lower high and lower low sequence. The price recently lost support near $12.00 and is now retesting the $10.80–$11.20 area, which previously acted as a minor demand zone in April. Failure to hold this level could open downside risk toward the $9.80–$10.00 band.

The 4-hour chart reveals a consistent sequence of bearish breaks from rising channels. A notable fakeout occurred near $12.80 late last week, after which the OFFICIAL TRUMP price sharply retraced into a falling wedge that is now compressing just above the $11.00 level.

On the 30-minute chart, the price attempted a rebound but was capped by the descending resistance near $11.25, aligning with the 100 EMA. The OFFICIAL TRUMP price update shows that short-term momentum remains fragile. The Bollinger Bands have constricted on this timeframe, signaling coiled volatility likely to erupt within the first week of June.

Momentum indicators are tilting bearish across most frames. On the 30-minute chart, the RSI has slipped below 36, and the MACD shows a bearish crossover with a negative histogram slope, confirming short-term seller dominance. The Chande Momentum Oscillator is deeply negative near -71, highlighting strong downside inertia with no immediate recovery signs. The 4-hour RSI is also weak near 35, while the MACD continues to print red bars. These readings suggest that the OFFICIAL TRUMP price volatility is being driven more by liquidation flows than organic buying interest.

Ichimoku analysis on the 30-minute frame shows the price slipping below the cloud, with both the Tenkan-sen and Kijun-sen trending downward. The cloud itself is starting to turn bearish, confirming a structural trend break. Stoch RSI also reflects extreme bearish exhaustion, flatlining near oversold territory. Unless a bullish divergence emerges this week, the OFFICIAL TRUMP price could remain under selling pressure for at least the first half of June.

The beginning of June favors a bearish-to-neutral stance unless the price can reclaim $11.60 with volume. The red resistance zone between $12.40 and $12.90 remains the critical upside hurdle, while support rests between $10.00 and $9.40. Any decisive break below this lower green support region could reignite the strong downtrend from May. However, if bullish interest reemerges above the symmetrical triangle’s upper trendline near $12.80, the OFFICIAL TRUMP price may shift bias into a mid-month breakout play toward $14.00.

For early June, the bias is bearish with key resistance levels at $11.60 and $12.80, and key support levels at $10.00 and $9.40. Indicators such as RSI and MACD are bearish, and Ichimoku is red. Mid-June is expected to be a neutral zone with possible consolidation, key resistance levels at $12.40 and $13.90, and key support levels at $10.20 and $9.80. Late June is a breakout watch period with key resistance levels at $14.10 and $15.00, and key support levels at $9.20 and $8.70. Volatility is expected to expand during this period.