Donald Trump’s meme coin recently declined heavily due to rising bearish threat. TRUMP price lost its ATH of $75 and dropped by 63% over the last week. As of writing, TRUMP price trades at $27.8, declining over 16% in the last 24 hours.
The excitement is likely to increase as the meme coin, backed by the incoming president, boosts trader confidence. The Trump price is hovering below the declining resistance line and it might retest $29.
If the meme coin surpasses $30, we might see its price skyrocketing toward $35 next week. However, a failure to hold above $29 might consolidate the price within a bearish range.
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