TRUMP Trading Volume Hits $1.50 Billion as Token Surges 15%
Solana-based meme coin official Trump (Trump) is recovering from his recent losses. In the wider market rally, the value of tokens has soared nearly 15% in the past 24 hours, surpassing the top meme coins for market capitalization.
Technical indicators suggest the possibility of sustained short-term price rally. This analysis provides details.
trump card Beyond the top meme assets
this Gradually revived Trump’s value has brought double-digit surge in trading activities in the crypto market. At press time, the token traded at $16.87.
It noticed a 13% increase over the past 24 hours, eclipsing Meme Assets For example HebrewPrices for Doge and Pepe are up less than 10%.
During the review period, Trump’s trading volume exceeded $1.5 billion, climbing 102%. When the increase in trading volume is accompanied by the price of the asset, it indicates market interest and investor confidence.
It shows that the price increase is supported by actual demand rather than speculation, which suggests that the price movement of meme coins is more sustainable.
farther, Trump’s funding rate Despite recent market troubles, it remains positive. At press time, this is 0.0050%.
The funding rate of an asset is a regular payment between its long-term and short-term traders futures contract. Its purpose is to make the contract price consistent with the price of the underlying asset.
Like Trump, when the funding rate is positive, it means that long traders are paying short traders to short traders, which indicates that the market is bullish and buying pressure is more than selling.
Trump Price Forecast: Next $29.13?
On the daily chart, Trump is on the downtrend line that has maintained a low price since January 22. When an asset exceeds the downtrend line, it indicates that market sentiment may reverse, which indicates that the asset may be moving downtrend from a trend.
The breakthrough shows that Trump’s buying interest is growing and if demand strengthens, it may be the beginning of a new bullish phase. In this case, the price of the token could climb to $29.13.
on the other hand, If Trump businessman Recover profits, it may lose its recent gains and drop to $14.27.
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.
