The TRUMP coin has seen significant volatility, with a recent 36.17% weekly increase followed by a 2.11% dip in the last 24 hours. This price action suggests that traders who capitalized on the recent rally are beginning to take profits, leading to a period of consolidation for the token.

Selling pressure became most apparent when the coin’s price was rejected at the $8.64 resistance level, sending it to a support zone just above $7.25. The recent market activity has been influenced by two key developments: ongoing speculation about a potential acquisition of Republic.com’s US platform by Fight Fight Fight LLC, and renewed interest sparked by its inclusion in phase 25 of Bitget’s Onchain Challenge.

Technical Levels and Market Performance

Currently, the TRUMP coin is trading at $8.07. It maintains a market capitalization of $1.61 billion, with a 24-hour trading volume reaching $1.71 billion. The recent session saw the price fluctuate between a low of $7.14 and a high of $8.44. After failing to break past $8.64, the coin is now testing a critical support level at its 7-day Simple Moving Average (SMA) of $6.91.

The Relative Strength Index (RSI), a key momentum indicator, has cooled to 64.76 after previously approaching overbought conditions. This signals that the initial burst of buying pressure may be temporarily exhausted. The primary support zone to watch is now around $7.25.

Future Outlook and Key Scenarios

If the TRUMP coin’s price falls below the $7.25 support, the next significant level is at $6.40, a break of which could attract more sellers. On the other hand, if the token can reclaim and hold support above the $7.77 pivot point, it could signal a return of positive momentum. Such a move would bring the $10.24 resistance level into focus, particularly if acquisition rumors intensify.

For now, the token is in a sideways drift following its substantial run-up. Investors are closely monitoring whether the current pause will lead to a deeper correction or serve as a base for another move higher.

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