TRUMP Price Falls Under $20 Even As Open Interest Falls 33%
Trump’s price has been steadily falling and was temporarily suspended last week. Still, cryptocurrencies are working to restore their foothold.
Even though US President Donald Trump’s decision has affected market sentiment, they have not provided the necessary momentum for the recovery of meme coins.
Trump investors are retreating
Open interest Trump has fallen It grew 33%, down from $854 million to $567 million. The $287 million reduction signal has reduced traders’ confidence. A significant withdrawal of capital suggests that many are withdrawing from their positions, reducing liquidity and expanding bearish pressure.
The decline in open interest shows that traders are impatient Trump’s price action. Many investors choose to take out their funds rather than betting on potential recovery.
This trend enhances bearish sentiment and makes it more difficult for the assets to recover lost positions.
Technical indicators further strengthen the bearish outlook. Relative Strength Index (RSI) Currently below neutral scores of 50.0. This indicates that the bearish momentum is increased and the seller has more control over the direction of the price.
As long as RSI remains neutral, Trump can continue Its downward trend. Without a surge in buying pressure, recovery can be difficult and cryptocurrencies may face consolidation of expansion or further losses.
Trump price forecast: Retract support
Trump is currently trading $18.40, a key resistance below $19.58. However, it is still above its key support level of $16.00. Altcoin’s near-term goal is to retract $20.00 as a stable support level.
Given the prevailing bearish signal, the rapid recovery remains uncertain. As long as Trump sells for more than $16.00, it could consolidate in the $16.00 to $19.58 range. Discounts over $19.58 are crucial for any potential uptrend.
Turning $19.58 to support will pave the way for $20.00 and beyond. If this resistance level is violated, Trump can aim $26.09, effectively invalidating bearish papers and re-exciting bullishness.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
