The TRUMP meme coin has experienced difficulty in regaining its momentum recently, declining nearly 5% within the past week and remaining under the $10 mark for 16 consecutive days. Despite a significant token unlock event involving $307 million worth of tokens, the market's response has been relatively subdued. Technical indicators are still pointing towards weakness in the asset.

The BBTrend indicator has returned to negative territory, dropping sharply to -6.93 from its recent positive value of 2.35 just two days prior. During the period between April 13 and April 16, the BBTrend briefly turned positive, indicating a short-lived resurgence in trend strength. However, the rapid return to negative territory suggests renewed weakness and diminishing momentum. This abrupt change indicates that any bullish attempts over the weekend have likely lost steam, with selling pressure once again dominating the market.

The BBTrend, also known as the Bollinger Band Trend, measures the strength and direction of a price trend by assessing the expansion or contraction of Bollinger Bands. Positive values usually signify robust trend development—either upward or downward—while negative values represent reduced volatility and waning trend strength. With TRUMP currently at -6.93, the indicator implies that the market might be losing direction, entering a phase of uncertainty or potential downward drift. Unless the BBTrend moves back into positive territory shortly, the TRUMP meme coin could face heightened pressure and persistent instability in the near term.

The TRUMP meme coin is currently trading beneath the Ichimoku Cloud, signaling a bearish perspective based on this indicator. The price has been unable to reclaim the cloud in recent sessions, and the flatness of the Senkou Span B (the lower boundary of the cloud) strengthens the notion of strong overhead resistance and weak momentum. The Tenkan-sen (blue line) remains below the Kijun-sen (red line), further backing the prevailing bearish trend. Short-term price movements continue to trail behind longer-term averages.

Moreover, the upcoming cloud is thin and flat, implying that volatility might stay low and that the current trend lacks vigor. The Kumo (cloud) does not exhibit signs of expansion, meaning a decisive breakout in either direction is not imminent.

For now, with TRUMP lingering beneath the cloud and lacking a clear bullish crossover between the Tenkan-sen and Kijun-sen, the bias leans towards the downside unless there is a decisive shift in momentum.

Even with a substantial $307.64 million token unlock, the TRUMP meme coin has displayed minimal reaction, with sentiment and price action remaining largely stable. The EMA lines continue to indicate a bearish trajectory, as the short-term averages remain positioned below the long-term averages—showcasing sustained downward pressure.

Should this pattern persist, TRUMP could revisit a critical support zone, which may decide whether the token stabilizes or suffers further losses. The absence of a bullish response to the unlock adds to worries about current market confidence being fragile.

Nonetheless, a trend reversal could alter the outlook. If buyers reclaim control and momentum builds, the TRUMP meme coin might advance towards resistance levels, with potential targets around $8.39 and $8.79. A breakout above these levels would pave the way for additional gains towards $10.67, and if the bullish momentum sustains, a move to $12 becomes feasible.

Nevertheless, with the EMAs inclining downwards and no immediate signs of recovery, the responsibility rests on the bulls to reverse the trend and stimulate upward momentum.

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