TRUMP, the meme coin that rose to fame following the highly publicized TRUMP dinner, is experiencing challenging price movements in recent days. The token's value has been declining, with a bearish sentiment emerging in the market.

With ongoing price struggles, traders are facing the risk of further losses rather than a potential recovery, putting them in a vulnerable position.

The liquidation data for TRUMP discloses that around $31 million in short contracts are in danger of liquidation if TRUMP's price reaches $14.52. This threshold is crucial for short positions, as they would face liquidation if the price surpasses this level.

The increasing demand for a price drop indicates that many investors are losing faith in potential gains and are preparing for a price decrease, signaling diminishing optimism about TRUMP's short-term prospects.

Looking at the broader picture, technical indicators are painting a pessimistic view for TRUMP. The Relative Strength Index (RSI) has dipped below the neutral 50 mark, indicating a shift towards bearish territory. This drop in RSI suggests that TRUMP's price could face further downward pressure if negative momentum intensifies.

With the declining RSI trend, TRUMP becomes more susceptible to price declines. The lack of bullish momentum leaves the token in a fragile state, with the possibility of more losses if the current trend prevails.

Currently priced at $12.65, TRUMP is struggling due to the absence of bullish momentum despite the initial excitement surrounding the TRUMP dinner. Since the event, the token has dropped by approximately 15%, revealing doubts about its future performance.

For TRUMP to recover, it would need a substantial rally, requiring nearly a 15% increase to reach $14.53. However, given the prevailing market conditions and sentiment, achieving this level appears challenging.

A scenario where TRUMP breaks through its current support at $12.18 could lead to a further decline to $10.97.

Nonetheless, if there is a sudden surge in demand driven by new investors, TRUMP could witness a rally. A strong breakthrough above $13.36 could pave the way for an increase to $14.53, triggering the liquidation of $31 million in short positions.

Such a move could bring significant market volatility, potentially propelling a sharp recovery for the altcoin.