TRUMP Token Slides 11.86% Amid Senate Bill, Stimulus Proposal and Surging Trading Volumes

TRUMPUSDT experienced significant volatility in the past 24 hours, primarily driven by heightened market activity following the U.S. Senate's approval of a bill to reopen the government and former President Donald Trump's proposal of a $2,000 stimulus check. These developments led to a surge in trading volume and a brief price rally above $9, followed by notable short liquidations at $8.71 and $8.83. Technical indicators signaled a bearish trend as the price broke through key support levels, with the MACD and moving averages confirming downward momentum and the RSI entering oversold territory, suggesting potential for short-term consolidation.

Currently, TRUMPUSDT is trading at $7.814 on Binance, reflecting an 11.86% decline over the last 24 hours from an opening price of $8.865, with robust trading volumes and continued market volatility.