Editor's Picks Market News

TRUMP price clings to 7 dollars despite rising political tension

Photorealistic crypto trader at a desk, hologram of the TRUMP token, bullish chart and Epstein blurred.

Amid growing political uncertainty, the OFFICIAL TRUMP token has shown static behavior, struggling to maintain its current valuation. Market analyst Aaryamann Shrivastava reports that the TRUMP price remains precariously above the $7.06 level, while investors adopt an extremely cautious stance. This stagnation coincides with the recent US Senate approval to release the Jeffrey Epstein files, an event that threatens to inject volatility into the asset in the short term.

Technical analysis suggests a bleak outlook for the token. The Relative Strength Index (RSI) has slipped below the neutral 50.0 level, confirming rising bearish momentum. Simultaneously, the Chaikin Money Flow (CMF) indicator has plunged to a five-month low, signaling that liquidity is aggressively exiting the project’s ecosystem. This massive withdrawal of capital indicates dwindling conviction among holders, who prefer to reduce their exposure fearing further market instability.

Currently, the asset trades just above the critical support of $6.89, a floor that has held the price structure for the past three weeks. The bulls’ inability to generate upward traction increases the likelihood of a negative breakdown. If selling pressure continues to intensify, the token could lose this key level and slide toward $6.24, or even fall below the psychological barrier of $6.00 for the first time in months.

The shadow of the Epstein files over the market

The macroeconomic and political context plays a fundamental role in this weakness. The Congress’s decision to make public the documents related to Jeffrey Epstein has reignited speculation around public figures, including the former president. Although Donald Trump has shifted his public stance recently, the possibility of new controversies emerging creates nervousness. This risk environment is exacerbated by the general situation of the economy, with Bitcoin trading near $90,000, dragging down confidence in speculative assets.

Despite the adverse landscape, a window of opportunity for recovery still exists. If the former president manages to avoid direct controversy following the document release, the TRUMP price could find the necessary momentum to bounce from its current support. A move above $7.35 would invalidate the immediate bearish thesis, opening the path toward reclaiming the $8.00 level and restoring investor confidence in the short term.

Related posts

CZ Requests a Presidential Pardon from Trump and Reveals He Advised Kyrgyzstan

guido

Visa and Mastercard plan to increase transaction fees

alfonso

Metaplanet Secures ¥1 Billion Loan to Expand Bitcoin Strategy

fernando