Official Trump (TRUMP) is currently priced at $7.69, experiencing a significant decline of 9.45% over the last 24 hours. The daily trading range has remained tight, with a high of $8.51 and a low of $7.68, indicating selling pressure that has resulted in a drop below key moving averages.

Volume stands at approximately 706.95 million, representing 45.98% of the market cap, suggesting strong trading activity relative to its market capitalization. The hourly moving averages indicate bearish momentum, with the 8 SMA at $8.09 showing a decline of 4.97%, and longer-term SMAs confirming a downward trend as well.

The 1-hour RSI is critically low at 20, indicating oversold conditions and potential for a short-term rebound. In contrast, the 7-day RSI at 47 shows that the asset is nearing neutral territory, while the 7-day price change of approximately 8.84% suggests some recent recovery despite the current downturn.

From a longer-term perspective, the 30-day price change of 23.46% highlights a more positive trend over the past month, although this is now overshadowed by the recent sharp drop. The all-time high of $73.43 reached on January 19, 2025, remains a distant target, emphasizing the volatility and speculative nature of TRUMP.

Given the current price action, technical indicators, and volume analysis, TRUMP shows signs of short-term overselling, warranting a cautious approach. Therefore, the rating is Hold, as a recovery could be possible in the near term, but the overall trend remains bearish, and investors should monitor closely for further signs of strength or weakness.