The TRUMP meme coin has been on a downward trend for the past month, struggling to surpass the $21.45 mark. Earlier this week, the token dipped below $12 but made a recovery following the clash between US President Donald Trump and Ukrainian President Zelensky.

Despite seeing an 8% increase today, technical signals indicate ongoing bearish pressure as the meme coin grapples to establish a solid support level.

Investor sentiment towards TRUMP has been predominantly negative, with the recent political buzz around Trump and Zelensky sparking some buying activity today, though overall momentum remains subdued.

This lack of confidence in an immediate price rebound could hinder new investments, potentially leading to further price declines unless significant shifts occur.

Technical indicators for TRUMP echo the prevailing market sentiment, with the Chaikin Money Flow (CMF) indicator showing a downward trajectory, suggesting a shift from capital inflows to outflows.

In light of weakening investor confidence, coupled with political uncertainties and a lack of bullish catalysts, TRUMP's price is likely to face continued downward pressure unless market conditions or sentiment change.

While TRUMP has briefly rebounded to $13.12 from a recent low of $11.07, it remains trapped below the crucial resistance level of $14.48, indicating a potential struggle in the near term.

If bearish forces persist, driven by political factors such as tariff policies, TRUMP may witness further declines, with $11.07 as the next potential support level before potentially dropping below $10.00.

Under the current circumstances, unless there are significant shifts in broader market dynamics, TRUMP's price could continue its downward trajectory.

Though breaking through the $14.48 resistance appears unlikely, positive market developments could provide some relief. If such an opportunity arises, TRUMP may aim to solidify the $16.00 level as support, although it may face consolidation below the critical $21.45 barrier.