The TRUMP cryptocurrency is trading at approximately $9.76 and appears vulnerable to significant further downside, potentially returning to its all-time low price of $7.14.
Analysts highlight a critically weakened correlation with Bitcoin, currently measured at just 0.15. This suggests TRUMP is moving independently of broader market leader Bitcoin, reflecting dwindling specific demand for the meme token.
Bearish sentiment is pervasive in the derivatives market. Highly volatile funding rates indicate significant trader uncertainty and a prevalence of short positions betting on further price declines.
Critical technical support resides near the $9.68 and $9.11 price levels. A breach below these thresholds is widely viewed as a signal that could accelerate selling pressure, paving the way toward a retest of the $7.14 record low.
While unforeseen external catalysts, notably announcements directly related to former U.S. President Donald Trump, could trigger temporary price spikes, the overall technical and sentiment indicators point towards a persistently bearish outlook for the TRUMP token.