TRUMP Token Sinks 15% as Bearish Momentum Builds and $4.47 Target Looms

The TRUMP token plunged 15% amid soaring trading volume and deep bearish sentiment, with analysts eyeing $4.47 as the next critical support level.

The Trump-linked meme cryptocurrency TRUMP has taken a significant hit, sliding 15% in a single trading session as broader market sentiment turned sour on April 8, 2025. The steep drop followed Bitcoin’s retreat to $74,500, triggering widespread selloffs across altcoins.

Despite the sharp decline in price, TRUMP’s trading volume skyrocketed, with a fourfold increase over the past 24 hours. This surge in volume, while seemingly a sign of heightened interest, is being interpreted by analysts as a confirmation of growing bearish pressure, with panic selling dominating the activity.

Technical indicators reinforce the grim outlook. The On-Balance Volume (OBV) metric breached a key support level that had held firm since mid-March—highlighting a breakdown in buying strength. Meanwhile, the Relative Strength Index (RSI) plunged to 23, a figure that signals extreme overselling conditions. Still, such oversold levels don’t guarantee a reversal, particularly in the absence of strong market catalysts.

Market analysts have identified $7.60 as a near-term support level, aligning with the 23.6% Fibonacci extension, and warn that if this level fails to hold, further losses could unfold. Shorter timeframe analyses reveal a precarious landscape; although RSI shows faint signs of recovery, the dominant sentiment remains negative.

In the event of a temporary bounce, the $9 resistance level—previously acting as strong support—could stall any upward momentum. If bearish momentum persists, technical models project a likely descent toward the 61.8% Fibonacci extension at $4.47, signaling potential for further pain.

On the quarterly chart, the outlook is no more forgiving. Since early 2025, TRUMP has struggled to reclaim lost ground, with the latest plunge wiping out modest gains from late March. The reversal also neutralized a short-lived accumulation phase, pushing the token deeper into bearish territory.

For traders still active in the market, short-lived rebounds might serve as strategic exit points, especially given the heightened volatility and lack of bullish confirmation. Analysts emphasize caution, as TRUMP’s price continues to teeter along fragile technical thresholds.

Our creator. creates amazing NFT collections! 
Support the editors - Bitcoin_Man (ETH) / Bitcoin_Man (TON)

Pi Network (Guide)is a new digital currency developed by Stanford PhDs with over 55 million participants worldwide. To get your Pi, follow this link https://minepi.com/Tsybko and use my username (Tsybko) as the invite code.

Binance: Use this link to sign up and get $100 free and 10% off your first months Binance Futures fees (Terms and Conditions).

Bitget: Use this link Use the Rewards Center and win up to 5027 USDT!(Review)

Bybit: Use this link (all possible discounts on commissions and bonuses up to $30,030 included) If you register through the application, then at the time of registration simply enter in the reference: WB8XZ4 - (manual)