Major Unlock $TRUMP
OFFICIAL TRUMP conducted its first major token unlock in six months, injecting a huge amount of coins into the market. Today, 90 million tokens worth $938 million were unlocked. This is less than the January unlock, but liquidity has still increased significantly.
The lack of reaction to the unlock, despite the significant influx of capital, indicates a cooling interest from investors in TRUMP. Given the tepid market response, it remains unclear whether the influx of liquidity will revive the price in the long term.
However, the Relative Strength Index (RSI) is currently in the bullish zone, above the 50.0 mark. This indicates a positive momentum in the market overall. The strength of Bitcoin could positively influence altcoins. This will give TRUMP holders the opportunity to capitalize on bullish sentiment in the market.
However, technical indicators alone are not enough. The token must maintain investor interest. If demand for the coin does not increase significantly, the market's optimism may not be sufficient to support a substantial breakthrough.
