The TRUMP meme coin has been struggling to pick up momentum, experiencing a nearly 5% drop in the past week and consistently trading below $10 for the last 16 days. Despite a significant token unlock of $307 million, the market response has been subdued, with technical indicators indicating continued weakness.

The BBTrend has shifted back into negative territory, the Ichimoku Cloud is showing sustained bearish pressure, and the EMA lines are still tilting downwards. Overall, TRUMP appears to be stuck in a downward trend with no clear signs of a reversal at the moment.

In recent days, TRUMP's BBTrend has sharply decreased to -6.93, a significant drop from its positive reading of 2.35 just a couple of days ago. While there was a brief positive turn between April 13 and April 16, the return to negative territory suggests weakening momentum and renewed vulnerability.

The current bearish outlook is emphasized by TRUMP trading below the Ichimoku Cloud, with the Senkou Span B staying flat, signaling strong resistance and weak momentum. The Tenkan-sen remains below the Kijun-sen, further supporting the ongoing bearish trend.

Despite a substantial $307.64 million token unlock, the TRUMP meme coin has not shown much reaction, with sentiment and price action largely unchanged. The EMA lines are still pointing towards a bearish trend, indicating continued downside pressure.

While a trend reversal could change the outlook, currently, TRUMP faces bearish pressure which may lead to retesting key support levels and potentially deeper losses. Buyers regaining control and building momentum could push TRUMP towards resistance levels, with targets around $8.39, $8.79, and potentially even $10.67 or $12 if bullish momentum strengthens. However, until there is a clear trend reversal and upward momentum, the burden remains on the bulls to change the current direction of TRUMP.