TRUMP price has taken a nosedive, now hovering around $21 following a steep 72% decline from its peak. Within the last 24 hours, the meme coin has seen another 9% drop, contributing to a total weekly loss of almost 30%.

The market capitalization of TRUMP has dwindled by close to $10 billion in the past fortnight, reflecting sustained selling pressure. Key indicators such as RSI and CMF point to a crucial juncture for the meme coin, with uncertainty looming over a potential rebound or further decline.

Despite a recent uptick, TRUMP RSI sits at 31.68, remaining in the negative zone for the last week. The inability to cross above 50 underscores the challenge in gaining bullish traction, keeping TRUMP on shaky ground.

The Chaikin Money Flow indicator shows a bleak picture at -0.23, signaling a series of days with net capital outflows. The negative trend hints at continued bearish momentum as TRUMP struggles to garner significant buying interest.

In terms of price action, TRUMP is currently testing the $21 level with a critical hurdle at $24.58. A resurgence of buying pressure could propel the coin past this resistance, possibly targeting $30.47 as traders capitalize on renewed optimism.

Conversely, if sellers maintain their grip and a bullish reversal fails to materialize, TRUMP may face further downward pressure. An inability to sustain momentum could prompt a descent towards $18.56 support level, with potential for deeper losses if selling sentiment intensifies.