TRUMP Token Price Under Pressure Amid Major Unlock Event

The TRUMP token is showing notable weakness, down 1.82% over the past 24 hours while the broader market holds steadier ground. Behind the scenes, a substantial $24.8M token unlock (comprising 4.89M TRUMP tokens) is flooding the market with fresh supply—a classic catalyst for downward pressure.

Technical levels tell a bearish story. The crucial $5 support has cracked, signaling a shift in market structure from bullish to bearish territory. On the momentum front, the RSI indicator sits around 29, suggesting oversold conditions that would typically hint at a potential reversal. However, the lack of convincing buying pressure means this oversold bounce setup isn't materializing yet.

For traders holding or monitoring this token, the combination of supply pressure and broken support levels warrants careful attention. The market is watching whether buyers can defend lower levels or if further downside follows.