Trump Meme Coin Plummets to All-Time Low Amidst Political Turmoil

The price of TRUMP, a meme coin, has reached an all-time low, with a continuous downtrend over the past month. Despite a brief recovery following a political clash between US President Donald Trump and Ukrainian President Volodymyr Zelensky, the token remains below the critical $14.48 resistance level. Technical indicators, such as the Chaikin Money Flow (CMF), suggest persistent bearish pressure, with outflows outweighing inflows.

The investor sentiment surrounding TRUMP has been largely negative, with a lack of confidence in any immediate price recovery. The political showdown between Trump and Zelensky has created significant buzz on social media, but it has not been enough to boost the meme coin's price. Negative sentiment surrounding political conditions is likely to discourage new investments, potentially leading to further declines unless significant changes occur.

TRUMP's price has recently hit a new low of $11.07, marking a significant drop from its previous levels. At the time of writing, the altcoin has managed to recover slightly to $13.12, but it remains stuck below the critical resistance of $14.48. If the bearish momentum persists due to political factors like Trump's tariff policies, TRUMP could slide even further, potentially falling below $10.00.

Although the likelihood of breaking through the $14.48 resistance seems low, positive developments in the broader market could bring some relief. If this happens, TRUMP could attempt to flip the $16.00 level into support, but it would likely face consolidation below the key $21.45 barrier.