The helicopter is landing because this is a nosedive! 🚁📉 What's going on with Trump’s token that seems to be going down a slide?
Buckle up, folks! If you’re one of those who invested in Donald Trump’s token, TRUMP, things are getting spicy. An expert dropped the bomb: if this token doesn’t hold at $8.30, get ready for a nosedive down to $7.30! 😱 That's a 13% drop in the blink of an eye, a real blow to the wallet!
Here’s the thing: the token has already plummeted by 18% in the last week. 🤕 And for those who get technical, the charts don’t lie. A pattern known as "head and shoulders" has formed, which is like the signal of "watch out, a drop is coming!" If today’s candle closes below $8.40, the prediction is that the price could hit rock bottom.
But wait! This is where it gets interesting. 🕵️♂️ Despite all this drama, investors and traders are not sitting idle. They are jumping in to buy as if there were no tomorrow. 📈 The transaction volume surged by 40% in a single day, which is unusual when the price is falling. It could mean that many are betting on the token rebounding, like a ball hitting the ground and bouncing back up with force.
The CoinGlass metric confirms it: $15 million in TRUMP tokens have left exchanges! This means that people are storing them in their personal wallets, reducing the supply for sale and potentially helping to slow the decline. 🤫 Traders, on the other hand, are putting more money into bullish bets ($5.36 million in long positions) than in bearish ones. It seems they are trying to turn the tide and push the price up.
So, who will be right? Those who see the imminent disaster or those who bet on a miraculous rebound? The battle between bears and bulls is more alive than ever, and Trump’s token’s future hangs by a thread. ⚖️
Will investors be able to reverse the slide and send the token back to the top, or are we witnessing the beginning of a free fall? Time (and the market) will tell. ⏳$TRUMP
