The TRUMP token is trading near $8.39 as sell pressure tightens around key support and resistance levels. Its Relative Strength Index (RSI) stands at 44.26, indicating a bearish trend but hinting at easing selling pressure. Maximum risk points lie at $8.60 for shorts and $8.21 for longs, increasing market uncertainty. 88% of the TRUMP’s recent value has been wiped out from its all-time high of $75.35 on January 19th. Currently, it is trading within a clear descending channel, often indicative of continued bearish trends. The official TRUMP token (TRUMP) remains entrenched in a pronounced bearish trend, as the price continues to decline. At this moment, analysis indicates a crucial support zone between $8.30 and $7.20 which has so far prevented a more significant drop. However, each test of this support level within a bearish structure weakens its strength. The resistance levels on the upper trendline have consistently served as dynamic barriers for any attempts to rally bullishly, reinforcing existing selling pressure.