The TRUMP token has experienced a 10% price increase in the past 24 hours, although it remains 20% lower over the past week. Despite this volatility, TRUMP continues to be one of the most talked-about meme coins. Its market cap currently stands at $5.9 billion, a significant drop from its peak of nearly $15 billion on January 19.

Technical Indicators Show Stabilization

Technical indicators such as the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) suggest that TRUMP’s price may be stabilizing. The RSI has risen to 50 from 40 just a day ago, indicating a shift towards neutral momentum after a period of bearish pressure. This increase suggests a growing balance between buying and selling activity, potentially signaling stabilization in TRUMP’s price movement.

The RSI is a momentum indicator that measures the speed and magnitude of price changes, ranging from 0 to 100. Values below 30 indicate oversold conditions, while values above 70 signal overbought conditions. An RSI around 50 reflects neutral momentum, suggesting the potential for a directional move depending on whether buying or selling pressure dominates next.

CMF Indicates Growing Buyer Interest

The CMF has improved to -0.08, rising significantly from -0.37 just two days ago. This upward movement indicates a reduction in selling pressure and hints at increasing capital inflows, though overall outflows still slightly outweigh inflows. The CMF measures the flow of capital in and out of an asset using a volume-weighted average of accumulation and distribution. Positive values indicate capital inflows, while negative values suggest outflows.

With the CMF at -0.08, the improving trend suggests growing buyer interest. If the metric crosses into positive territory, this could help stabilize TRUMP’s price and potentially shift momentum towards the upside.

Price Prediction and Key Levels

TRUMP’s price faces a key resistance level at $30.33. If this level is broken, it could pave the way for a test of $45.20, solidifying TRUMP’s position as the third-largest meme coin behind SHIB and DOGE. Should the token regain its strong momentum from last week, it might climb further to test $64.50 and potentially reach $71.80, signaling significant bullish opportunities.

However, if the downtrend resumes, TRUMP’s price could fall back to test the $15.43 support level. Losing this critical support could lead to further declines, putting additional bearish pressure on the token’s price and potentially signaling a deeper correction.

Conclusion

While TRUMP remains under bearish pressure, the intervention by whale addresses provides a glimmer of hope. The market continues to watch key support and resistance levels, with the potential for a significant recovery if bullish signals emerge. Until then, the market remains cautious, and investors are on the lookout for signs of stability and upward momentum.