Why TRUMP Token’s All-Time High Is Hard to Repeat
Trump has recently touched a historical high of $ 79 (ATH) and is currently fighting a trend with a sharp decline. At present, the transaction price of this cryptocurrency is $ 29. It has always been difficult to maintain its momentum, and its value has continued to decline within a few weeks after its peak value.
Continuous losses have prompted many early enthusiasts and traders to re -consider their positions, and the market emotions around the cottage have become more and more pessimistic.
Trump trader is uncertain
Over the past five days, Trump’s Warewood Contract (OI) has dropped sharply, a decrease of US $ 200 million, from $ 1.14 billion to $ 962 million. The sharp contraction of OI indicates that traders are losing confidence in alcoholic coins. This reduction indicates the weakening of participation futures In the market, fewer and fewer traders are willing to speculate Trump’s price trendEssence
The continuous weakening of this cottage coin seems to be related to its origin and connection with Donald Trump. Although it was initially boosted by former president’s infamous, with a broader cryptocurrency trend, it covered its novelty, and the attractiveness of the token has since stabilized.
Despite the decline in emotion, some technical indicators show that Trump may still have room for recovery. It is worth noting that the mobile average convergence (MACD) recently showed a bullish cross. This development implies the positive momentum of a broader cryptocurrency market, which may bring a driving force Trump’s need Stand firmly.
However, the bullish signal from MACD may not be enough. The widespread macro power of this token is still uncertain, the transaction volume is inconsistent, and the market demand fluctuates. Continuous growth requires strong market clues and new trader confidence to offset the current trajectory.
Trump price forecast: Find a breakthrough outlet
When writing this article, Trump holds Slightly higher than the support level of $ 26, the transaction price is $ 29. The current challenge is to transform the resistance level of $ 34 into a support level. Successful breakthroughs may laid the foundation for further rise, thereby causing traders to be cautious and optimistic.
However, suspicion still exists. Trump wants to return to the highest point of $ 79, which requires an amazing 166% rebound -considering the weakening of the optimism of traders and the fading of interest, this is unlikely to be realized. The dependence of Congzhan coins on speculative enthusiasm rather than realistic has further complicated the prospects of recovery.
From a more optimistic perspective, if Management of Trump If you want to break through $ 34 and establish it as a supporting bit, it may climb to $ 45. Breaking this critical level may re -inject the bullish mood and pave the way for a wider range of recovery. Although this situation is possible, it still needs to continue to market support and the novelty of retail investors and institutional investors.
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