TRUMP Meme Coin Ignores $307M Unlock, Bearish Trend Holds
The post TRUMP Meme Coin Ignores $307M Unlock, Bearish Trend Holds appeared on BitcoinEthereumNews.com.
The TRUMP meme coin has struggled to regain momentum, dropping nearly 5% over the past seven days and trading below the $10 mark for the last 16 consecutive days. Despite a major $307 million token unlock, the market response has been muted, and technical indicators continue to point toward weakness. BBTrend has flipped back into negative territory, the Ichimoku Cloud shows sustained bearish pressure, and EMA lines remain tilted to the downside. Overall, TRUMP appears stuck in a broader downtrend, with no clear signs of reversal for now. TRUMP Momentum Reverses as BBTrend Drops to -6.93 TRUMP’s BBTrend has sharply dropped to -6.93, a notable decline from its recent positive reading of 2.35 just two days ago. Between April 13 and April 16, the BBTrend briefly turned positive, suggesting a short-lived recovery in trend strength. However, the quick reversal back into negative territory points to renewed weakness and fading momentum. This sharp swing signals that whatever bullish attempt emerged during the weekend has likely lost traction, with sellers once again gaining control. TRUMP BBTrend. Source: TradingView. The BBTrend, or Bollinger Band Trend, gauges the strength and direction of a price trend by measuring the expansion or contraction of Bollinger Bands. Positive values typically suggest strong trend formation—whether upward or downward—while negative values reflect contracting volatility and fading trend strength. With TRUMP now sitting at -6.93, the indicator shows that the market may be losing direction and entering a phase of uncertainty or potential downside drift. Unless BBTrend shifts back into positive territory soon, TRUMP meme coin could face increased pressure and continued instability in the short term. TRUMP Remains Bearish Below the Ichimoku Cloud With No Sign of Reversal TRUMP meme coin is currently trading below the Ichimoku Cloud, which signals a bearish outlook according to the indicator. The price…
