TRUMP Drops 20% Following US Tariffs Announcement 📉

TRUMP meme coin experienced a sharp 20% decline after the US announced tariffs, lowering its market cap to around $2.5 billion and causing a significant drop in trading volume. This downturn reflects a failed attempt to maintain momentum following the US crypto strategic reserve announcement.

TRUMP's key support level sits at $11, and a continued sell-off could push it below this mark for the first time. However, the upcoming White House Crypto Summit on March 7 could be a catalyst for a potential rebound.

The Relative Strength Index (RSI) for TRUMP indicates weakening demand as it falls to 40.1 from 74.7, moving out of the overbought territory. This suggests sellers are in control, and the asset struggles to regain upward momentum.

The BBTrend indicator for TRUMP signals increasing bearish momentum, as it dropped to -6.18, indicating the coin struggles to build sustainable upward momentum.