- Amid the vast expanses of a bearish landscape, the official tale of Trump unfurled across time’s relentless march, like a saga of inevitable decline witnessed by weary souls.
- The hallowed bastion at the $9-level, once defended with the fervor of a battle-worn hero, has yielded to fate—signaling a steep descent toward a meager $4.47.
In a manner reminiscent of a long-forgotten Russian epistle, Official Trump (TRUMP) trudged on its ceaseless downward path. As if swept by destiny’s indifferent hand, the market’s frenzy on Monday propelled even the mighty Bitcoin to $74.5k, whereas TRUMP experienced a dramatic 15% plunge in just 24 hours. One might nearly smile wryly at such tragic absurdity. 😏
Yet, the irony deepened: its 24-hour trading volume soared nearly fourfold—as if mocking those who believed in steady fortune in a treacherous world.
The tumult of high volume juxtaposed with rapid price decay whispered an age-old tale of market melancholy. Even as TRUMP traders awaited a faint glimmer of a rebound to offload the ill-fated memecoin, one could almost hear the universe chuckling at our hubris. 🤷♂️
TRUMP tumbles below $9: Is $5 its final, fated descent?
The 12-hour chart reveals a narrative as somber and relentless as a Tolstoyan winter. Across every time frame—from the prolonged gaze of the 1-day view to the fleeting glances of the 1-hour—the bearish motif resounded. Even the OBV’s descent below its once-sacred support struck a note that was both forewarned and strangely humorous in its inevitability.
Since the fifteenth day of March, the OBV had, like a hopeful protagonist, lingered above a critical level, slowly ascending toward an uncertain dawn by March’s end. That upward climb spoke of burgeoning buying pressure, as though the bulls had, for a moment, gained fortune’s favor.
But, as life often turns on its axis in the most unexpected ways, April brought swift change. The OBV fell toward the local support level and, at the hour of reckoning, plunged further—obliterating any semblance of an accumulation built over the past three weeks. With the RSI languishing at a miserable 23 in oversold territory, even fate seemed to smirk at such extreme bearish momentum. 😅
Yet amid this relentless sorrow, a faint hope persists: the TRUMP bulls might dare to defend the $7.6-level—a level imbued with the mysticism of the 23.6% Fibonacci extension—which could incite a modest, almost ironic, price bounce.
The 2-hour chart, too, unfolds a tale of despair: the OBV is on a downward spiral, though the RSI begins a tentative climb from the depths of oversold gloom. A brief recovery might even reclaim the $9-level—a level that, not long ago, stood as a proud guardian.
Alas, any retest of this stalwart support will likely only serve as a prelude to further despair. The 12-hour chart, in its grim honesty, identifies the 61.8% extension level at $4.47 as the next harbinger of doom in this tragic opera of numbers.
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2025-04-07 19:06