The play even Trump has struggled to resume the momentum, lowering almost 5% in the last seven days and negotiating below the $ 10 mark for the last 16 consecutive days. Despite a major token release of $ 307 million, the market response has been stifled and technical indicators continue to point to weakness.
Bbtrend is returned to a negative territory, the Ichimoku cloud shows a sustained down pressure and the EMA lines remain tilted downwards. Overall, Trump seems to be stuck in a wider downward trend, without any clear sign of reversal for the moment.
Trump Momentum is reversed while Bbtrend falls to -6.93
Trump Bbtrend fell sharply at -6.93, a significant drop in his recent positive reading of 2.35 only two days ago. Between April 13 and 16, the BBTREND has briefly become positive, suggesting a short -term resumption of trendy strength.
However, the rapid return to a negative territory indicates renewed weakness and discoloration.
This net swing indicates that any bullish attempt appeared during the weekend has probably lost its traction, the sellers again taking control.
The trend of the Bbtrend, or Bollinger band, assesses the strength and the direction of a price trend by measuring the expansion or the contraction of Bollinger bands.
Positive values generally suggest a high formation of trends – whether up or down – while negative values reflect contractual volatility and resistance to trend. Trump now being seated at -6.93, the indicator shows that the market can lose management and enter a phase of uncertainty or potential drift.
Unless Bbtrend soon returns to a positive territory, Trump even Coin could face increased pressure and continuous short -term instability.
Trump remains down under the cloud of Ichimoku without any reversal signs
Trump Same Coin is currently negotiated under the cloud of Ichimoku, which signals a downward perspective according to the indicator.
The price has failed to recover the cloud in recent days, and the flat nature of the Senkou Span B (the lower limit of the cloud) reinforces the idea of a strong resistance to the general costs and a low impulse.
Tenkan-sen (blue line) remains below the Kijun-Sen (red line), supporting more the in progress down trend. The action of short -term prices continues to delay a long -term averages.
In addition, the cloud to come is thin and flat, which suggests that volatility can remain low and that the current trend lacks strength.
Kumo (cloud) does not show signs of expansion, which means that a strong escape in both directions is not imminent.
For the moment, with Trump stuck under the cloud and no clear bullish crossing between Tenkan-Sen and Kijun-Sen, the bias remains tilted unless a decisive change in the momentum takes place.
Trump faces a downward pressure despite a unlocking of $ 307 million
Despite a substantial unlocking of $ 307.64 million, Trump even Coin has shown little reaction, with the feeling and action of prices remaining largely unchanged.
The EMA lines continue to point to a downward trend, because the short -term averages remain positioned below those in the long term, which reflects the sustained pressure.
If this trend persists, Trump could soon hold a key support area, which can determine if the token stabilizes or sees deeper losses. The absence of a bullish response to unlocking adds to the concerns that market confidence is currently low.
However, a trend reversal could change perspectives. If buyers regain control and the momentum is strengthened, the room even Trump could go to resistance levels, with potential targets around $ 8.39 and $ 8.79.
An escape greater than these would open the door to additional gains around $ 10.67, and if the Bulls continue strongly, even a move to $ 12 is possible.
However, with the EMAS tilted downwards and no immediate sign of recovery, the burden remains on the bulls to reverse the trend and revive the momentum upwards.
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