TRUMP Meme Coin Faces Prolonged Bearish Pressure Amid Musk-Trump Spat

BTCC / BTCC Square / Global Cryptocurrency /

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2025-06-07 22:52:02

The TRUMP meme coin shows little sign of recovery as technical indicators and market sentiment turn decisively negative. The Relative Strength Index (RSI) remains entrenched in bearish territory, reflecting weak buying momentum and persistent seller dominance.

Chaikin Money FLOW (CMF) data reveals accelerating capital outflows, with the indicator hitting a three-month low. This exodus coincides with heightened market uncertainty stemming from the public feud between Elon Musk and Donald Trump—a conflict analysts warn may further depress speculative assets.

"The tension between high-profile figures creates headwinds for risk assets," observes Nic Puckrin of The Coin Bureau. The confluence of weak technicals and deteriorating fundamentals suggests TRUMP's downward trajectory may continue unabated.

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