Analyzing TRUMP Token Weakness: Unlock Pressure and Market Doubts

• TRUMP token drops ~8% weekly, trading below $10 ahead of major Apr 17 unlock
• Analyst Martinez notes $8 support after $10 break; Fib levels suggest lower targets
• RSI nears oversold (~35), but reversal unconfirmed amid unlock FUD & sentiment cues

The Official Trump (TRUMP) token shows a downward trajectory, dropping almost 8% over the past week to trade near $9.35 at press time. The token struggles to hold above critical support levels, facing resistance at the 20-day Exponential Moving Average ($10.82), as market participants eye an upcoming token unlock and broader questions circulate regarding motivations behind politically-linked crypto assets.

The bearish outlook intensifies due to the first round of TRUMP token unlockings scheduled for April 17th. Approximately 40 million TRUMP tokens (valued around $372 million and representing 20% of the circulating supply) are set to be released.

News: The first major token unlock for $TRUMP, the memecoin launched by U.S. President Trump, is scheduled for April 17.

A total of 40 million tokens—worth $413 million and representing 20% of the circulating supply—will be released. pic.twitter.com/vp5Rf9qcM8

— SolanaF…

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