The price of OFFICIAL TRUMP (TRUMP) has experienced significant decline, currently hovering around $7 after a steep drop. Trading volume for TRUMP has plummeted by over 61%, with the asset losing value in the face of broader crypto market weakness. 📉 📉 📉 📊 📈 📈 The bearish sentiment gripping the cryptocurrency landscape has resulted in losses across major coins like Bitcoin (BTC) and Ethereum (ETH), as investors pull back from risky assets. OFFICIAL TRUMP’s decline is particularly notable, with a loss exceeding 6.92% in value alone. 📉 This decline followed an opening high of $8.48, leading to a dip down to a low of $7.65. If this bearish trend persists, it could trigger further losses and revisit previous support levels. As the market stands now, OFFICIAL TRUMP is trading near the $7.79 mark. The market capitalization remains at $1.55 billion, while daily trading volume has dropped to $698.56 million. 📉 Moreover, over $5.35 million worth of OFFICIAL TRUMP were liquidated in the past 24 hours according to Coinglass data. Is a rebound imminent for OFFICIAL TRUMP or is more pain ahead? The outlook for TRUMP appears negative on the 4-hour trading timeframe, with the price falling toward the support range of $7.71. The lack of momentum could lead to further losses and even the emergence of a death cross. However, if bullish pressure emerges, it might propel the asset upward towards $7.87. The market’s trend may be influenced by the official MACD indicator. 📊 If the asset enters positive territory, bulls could push price toward $7.87, setting off a golden cross and potentially driving it even higher. 📈 In addition, Chaikin Money Flow (CMF) at 0.08 suggests mild buying pressure in the TRUMP market. As this value remains above zero, money continues to flow into the asset, but the momentum is not strong. A higher CMF would confirm stronger accumulation. The daily Relative Strength Index (RSI), currently sitting at 44.23, indicates a neutral to slightly bearish zone for TRUMP. However, it’s still far from overbought, leaving room for either a rebound or further downside depending on market momentum. The BULL BEAR POWER indicator suggests that bears currently hold the advantage with a reading of -0.790. This signals weak buying pressure and potential continuation of the downtrend unless bulls intervene.