OFFICIAL TRUMP has shown little movement in recent days, with price action flattening as uncertainty grows. The lack of volatility reflects cautious sentiment among holders, who are watching external developments closely.
That pressure is set to intensify after the US Senate approved the release of Epstein files, a decision likely to influence TRUMP’s short-term direction.
OFFICIAL TRUMP Could Bear The Brunt
Market sentiment is weakening as the Relative Strength Index slips below the neutral 50.0 level, signaling growing bearish momentum. A continued drop into the negative zone would confirm increasing downside pressure. With Bitcoin now trading near $90,000, overall market confidence has already eroded, creating a challenging backdrop for risk-sensitive tokens like TRUMP.
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TRUMP faces additional headwinds owing to the Epstein files discourse. The Senate approved a House-passed bill requiring the Justice Department to release documents related to Jeffrey Epstein. Donald Trump has opposed the release previously, and past images of him with Epstein may spark renewed speculation. This combination heightens uncertainty and could weigh heavily on the TRUMP price as investors reassess risk.
Macro momentum indicators confirm a deteriorating outlook. The Chaikin Money Flow has dropped to a five-month low, signaling aggressive capital outflows from TRUMP. The indicator weakened sharply over the past several days, revealing that investors are pulling liquidity and reducing exposure as concerns grow.
Heavy withdrawals indicate fading conviction among holders who fear further controversy and market instability. Sustained negative CMF readings typically point toward prolonged weakness, especially when paired with falling momentum indicators.
TRUMP Price Is Holding Above Crucial Support
TRUMP trades at $7.06, holding just above the $6.89 support level that has stabilized the price for three weeks. The coin’s inability to generate upward traction increases the likelihood of a breakdown. Continued pressure could push TRUMP below this zone as sentiment worsens.
A drop under $6.89 would expose the price to deeper losses, potentially sending it toward $6.55 or $6.24. If fear surrounding the Epstein files intensifies, TRUMP could break below $6.00 for the first time in months and reach $5.86. Bearish sentiment and political uncertainty may accelerate this move.
However, if Donald Trump avoids controversy after the approval of the files’ release, OFFICIAL TRUMP may find room to recover. A bounce from $6.89 could lift the price to $7.35. A break above that level would open the path toward $8.00. This would invalidate the bearish thesis and restore short-term confidence.
Source: https://beincrypto.com/trump-price-holds-as-epstein-files-release-approved/