๐ Brief Overview of the TRUMP Token (as of June 8, 2025)
๐ What happened: The TRUMP token surged by 7%, reaching $10.34, but the fundamentals and technicals remain weak. The public conflict between Elon Musk and Donald Trump is fueling market turbulence.
๐ Technical Picture:
RSI โ still in the 'red' zone โ no overbought condition, no visible buying pressure.
Chaikin Money Flow โ fell to a 3-month low โ investors are withdrawing funds, and there is no trust.
๐ Key Levels:
$9.68 โ $10.97 โ range of consolidation, unless positive news comes.
$10.97 โ breakout level; a hold above โ potential rise to $12.18.
Below $9.68 โ signal to return to a bearish phase.
โ ๏ธ Risks:
1. Musk vs Trump โ each of their statements can radically change market sentiment.
2. Lack of demand โ even a rise on news without volume is a puff.
๐งญ Conclusion: Currently, it is a temporary bounce, but the bearish sentiment dominates. The price is hovering around the critical zone of $10.97 โ if it does not break through, a prolonged consolidation or even a decline can be expected.
A growth scenario is possible only with the return of capital and interest from buyers.$TRUMP