Why is TRUMP Token facing difficulties after a bullish increase of 73%? The main resistance levels to follow.

The cryptocurrency TRUMP has recently excited the crypto world with a strong bullish surge but is currently showing signs of challenge. This Trump cryptocurrency project has increased by over 73%, driven by the excitement surrounding an exclusive gala dinner with President Donald Trump for those who hold. However, this coin is currently facing significant resistance. Trading at $14.74, TRUMP is still below its latest peak as technical analysts suggest a wider pullback may occur. Investors are closely watching as this cryptocurrency approaches key resistance levels and indicators show the potential for a bearish shift. The upcoming token unlock has been postponed, creating a temporary supply shock that helps the price of TRUMP go long in the short term. However, the ability to maintain long-term interest in this coin remains uncertain. Despite the initial enthusiasm, the TRUMP token is currently struggling to regain key resistance levels, indicating that bullish momentum is weakening. Analysts are monitoring technical warnings that could signal a potential local peak for this coin. Is the TRUMP price facing resistance? The TRUMP token peaked at $15.47 before pulling back. Its price is currently testing important technical resistance levels. These include the Fibonacci retracement level of 0.618 and the low of the value area within its previous trading range. Such areas often serve as reversal points for market momentum. The VWAP anchored from the breakout level of $41 further adds to the caution, marking where significant selling pressure typically emerges. Prices show bearish reactions near these technical points, significantly increasing the risk of a reversal.

The trading volume data also supports a more cautious outlook for the near future of the token. Recent peaks indicate a peak node in the volume profile pattern, often signaling the exhaustion of bullish moves. Market participants view this development as likely weakening buyer interest, especially when prices fail to break through the technical resistance level. Inability to reclaim resistance zones could confirm lower highs, potentially establishing a downtrend for the TRUMP token. Why is the recovery of TRUMP weak? Although the token has seen a temporary recovery after the initial drop, its recovery appears weak structurally. This recovery has not been able to decisively reclaim the main resistance zone. If a decisive breakthrough in this area is not achieved, the bullish outlook will be significantly weaker. If the price action does not close firmly above these levels and also breaks the recent local lows, it will confirm a bearish market structure. Such a scenario could pave the way towards the $9.30 level, marking the base of the previous impulse move. From a trading perspective, we advise you to be cautious with this Trump cryptocurrency project. Engaging in current long positions involves significant risks, with no clear signs indicating that the bullish trend will continue. Sentiment is shifting away from a strong bullish stance. Technical analysis also suggests a higher likelihood of price declines. Therefore, market participants may consider reducing their exposure or waiting for clearer signals before establishing new positions. Limited bullish momentum may also harm short-term speculative interest in the token. Is the catalyst for TRUMP losing its appeal? The recent bullish trend of TRUMP has been primarily driven by the announcement of the formal dinner on May 22. This news has made TRUMP holders extremely excited. The provision of exclusive access to the president for top holders has significantly boosted the attractiveness of this coin, leading to strong buying. Moreover, the 90-day delay on the scheduled token has temporarily unlocked the limited supply and reinforced positive sentiment. However, the impact of these driving factors may only last for a short time. The market may face new selling pressure after the dinner event ends and the token unlock period in July approaches. The plan to issue 40 million new TRUMP tokens, followed by daily unlocks, could significantly affect the token price. This is especially true if trading volume decreases after the party. Therefore, the current bullish phase may be followed by a broader correction if new demand does not emerge. The outlook for the TRUMP token: What will happen next? Market participants are cautious as the TRUMP token trades near $14.8 and shows signs of encountering resistance. Current technical patterns indicate the possibility of a significant retracement, especially if this coin fails to break through the current resistance level. A drop below the recent local lows would reinforce bearish momentum, potentially pushing this Trump cryptocurrency project down to $9.30. This situation presents traders with a challenging environment that requires quick adjustments and careful risk management. The trajectory of the token heavily depends on future events and the overall market sentiment. The dinner party is a significant source of excitement, but its impact may gradually diminish over time. Additionally, the unlocking of tokens, which has been delayed but is set to occur in July, creates a structural risk factor for prices, so TRUMP may struggle to maintain its current valuation without any other positive developments emerging. Long-term holders must balance speculative excitement with the evolving technical picture when assessing the future of the coin.