Key Takeaways
- DeepSeek predicts the price of the TRUMP coin looks cautiously bearish, with the price trading around key support.
- According to DeepSeek, the price of TRUMP needs to trade above its resistance of $24 to resume bullish sentiment.
- Trump’s 10-day, 20-day, and 30-day SMA all point to a bearish price action for the TRUMP coin.
TRUMP coin is a Solana memecoin that has captured the hearts of many investors and retailers, blending in politics and viral memecoin culture as the price of this Solana memecoin gained much bullish sentiment, rallying from a low of $0.1 to a high of $77 creating a historical rally price rally hitting a market cap of over $15 billion in less than 48 hours of launching and trading on the Solana network.
The famous memecoin endorsed by US President Donald Trump, known for its fight symbol, has struggled in recent times to show a strong price uptrend as price trades between $16 and $19 as price needs to break above $20 resistance to resume its strong bullish uptrend after a successful breakout from a downtrend channel.
TRUMP coin dropped from a high of $77 towards $15, forming strong support as the price bounced from this region to trade towards $20. However, it has been faced with a price sell-off in the past days as the price of TRUMP coin struggled to find strong support to resume its bullish uptrend. The DeepSeek AI tool predicts that the price of TRUMP is in a minor bearish trend.
Current TRUMP Coin Market Sentiment By DeepSeek
DeepSeek AI tool has also spotted some whale activities connected to TRUMP coin in the last few days. Whales are purchasing and transferring more TRUMP coins to unknown wallets. They could be building a portfolio of TRUMP coins ahead of an uptrend, considering the price of TRUMP coin has dropped by over 75% in the past few weeks.
Using the 10-day, 20-day, and 30-day SMA (Simple Moving Averages) by DeepSeek, the current trend for TRUMP signals a bearish trend as there are more sell orders with bears dominating price to the downtrend.
The price of the TRUMP coin needs to trend to a high of $20 and above to resume a strong bullish trend, as the price could remain bearish if bears control the price for a long time.
DeepSeek TRUMP Price Prediction For This Week
Source – 1HR TRUMP Coin Price Chart From TradingView
Following a breakout from its bullish descending triangle, the price of the TRUMP coin failed to sustain its bullish rally as the price was rejected at around $24. DeepSeek has analyzed TRUMP coin’s present price action and projected its bullish and bearish price prediction for this week and month for TRUMP coin.
Bullish Scenario
TRUMP coin holding its price above $16 support is good for bulls. However, the price needs to break past the $24 resistance to resume its bullish price action, as whales would be willing to buy more positions above this price point.
Bearish Scenario
If the price of the TRUMP coin trades below $15, we could see more sell orders activated and bearish price dominance to the downside as the price of the TRUMP coin could be forced to trade into lower regions of $10.
The current TRUMP coin market sentiment is cautiously bearish as the price trades around a key support zone. Price is likely to bounce to the upside, with a potential break above $24 sparking a new price sentiment to the upside.
