TRUMP Token Is Facing A Strong Sell-Off Wave

The TRUMP token has undergone a major sell-off, decreasing by 59.41% in the past month and 13.46% in the last 24 hours, bringing the price down to the $11 range. This asset continues to struggle amidst strong pessimism and increasing selling pressure, leading analysts to speculate whether TRUMP will drop to single digits in the coming days. Fractal pattern signal targets $8 for price reduction Technical indicators suggest that TRUMP may follow a repeating fractal pattern, which previously led to a sharp 25.34% decline after four days of consolidation. A similar consolidation phase has just ended, setting the stage for another potential 33.13% decline, potentially bringing TRUMP's price down to $8.37 — a level last seen immediately after its launch. The signal of the derivative market continues to face selling pressure Looking closer at the derivatives market reveals the prospect of price decline : Funding rate by OI weight: Recently turned negative at -0.0004%, signaling increasing pessimism. Buyer/seller ratio: Currently at 0.9231, indicating more sell orders than buy orders. If it drops below 0.9, selling pressure may increase, pushing the price down to $8. Bull-Bear Power indicator (BBP): Maintaining a negative level of -1.40 since February 25, confirming sellers are dominating the market. Overbought – Could there be temporary relief? The money flow index (MFI) shows that TRUMP has entered the oversold zone, meaning the selling momentum may temporarily slow down. However, unless the main indicators switch to the uptrend zone, any recovery is likely to be short-lived, with further declines expected. What will TRUMP do next? With discount indicators dominating the market, investors remain cautious and selling activities continue to push the TRUMP price down. If the current trend persists, the $8 level could be reached soon, further challenging investor confidence in the asset.