Family, the cryptocurrency market has been absolutely crazy lately!
Ethereum has broken through $4300, reaching a three-year high, while Bitcoin even surged past the $122,000 mark at one point. The overall market sentiment is high, which may also lead to an influx of funds into the Meme coin sector.
Trump declared today that "gold will not be subject to tariffs". Although he didn’t directly mention the TRUMP token, this signal of easing trade policies might indirectly benefit related assets.
Looking at the technical indicators for the TRUMP token, it is currently in a neutral to weak state.
The RSI is only 37.89; below 30 indicates oversold, which means the market has not yet entered a strong rebound zone. In terms of trading volume, the recent relative trading volume is below the baseline, indicating a significant lack of buying momentum. Moreover, it has a resistance level at $13.8; if it cannot break through, it may temporarily pull back to the support level of $9.56.
Yang Ge suggests a trading strategy to short near $9.02 - $9.10, with an initial target of $8.90 and then looking towards around $8.80. However, as always, the cryptocurrency market carries high risks, so everyone must operate with caution. Let’s observe and look forward to the upcoming changes in the market together! #TRUmP