🎤🎤 IS $TRUMP ON A BEARISH MOMENTUM ?💔 Let's See the Indi
fulldeg
Updated at: 5 hours ago
{"content":"🎤🎤 IS $TRUMP ON A BEARISH MOMENTUM ?💔 Let's See the Indicators
Yes, based on the chart provided in this article for $TRUMP/USDT, it is currently experiencing a bearish trend. Here’s the breakdown
Key Bearish Indicators:
1. Price Decline
The price is down 8.06% for the day, currently at $12.67, after reaching a high of $14.74 and dropping to a low of $12.16.
2. Candle Patterns
A sequence of strong red candles with increasing volume indicates strong selling pressure.
There's been a short-term bounce from $12.16, but it’s not yet showing a clear reversal.
3. Bollinger Bands (BOLL)
Price broke below the middle band (MB: 13.31) and has been hugging the lower band (DN: 12.13) — classic bearish behavior.
The wide band gap shows increased volatility, typically during strong moves (in this case, downward).
4. Moving Averages
MA(5) < MA(10), and the current price is below both, reinforcing the downtrend.
This crossover often signals weakening momentum.
5. Volume Activity
Spikes in red volume bars show aggressive selling at multiple stages of the decline.
$TRUMP is in a short-term bearish trend, with key technical indicators showing strong downward momentum. While it’s seeing some consolidation around $12.67, there’s no confirmed reversal yet. If it fails to reclaim the middle Bollinger Band (~$13.31), more downside is likely.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/12/fa8187d3def646dc80a7b5133eb39a66.jpg"],"tags":[],"tradingPairs":["TRUMP/USDT"],"quotearticleid":0}