The $TRUMP coin has taken a steep dive, plummeting 60% in the past 24 hours and currently trading at $33.60—a sharp drop from its 24-hour high of $63.99. This crash brings it alarmingly close to its all-time low of $30.40, leaving traders on high alert.
Trading volume has skyrocketed to $120.19 million, a clear sign of panic selling or speculative frenzy, both of which are fueling extreme price volatility. The 4-hour charts paint a grim picture, with a string of bearish candles indicating sellers firmly in control.
The critical $30.40 support level is now the line in the sand. If it breaks, $TRUMP could tumble further to $25.00, or even spiral into the dreaded $20.00 panic zone.
For any hope of recovery, bulls need to reclaim the $40.00 mark, which would signal a potential bounce. Until then, the outlook remains bleak, with traders navigating a high-risk, high-volatility environment.
Key Takeaways:
Tight stop-losses are crucial to protect capital.
Be prepared for rapid, unpredictable moves in either direction.
Sentiment is deeply bearish, but in the world of crypto, tides can turn in an instant.
Final Word: Whether you’re a bull holding out for a recovery or a bear betting on further declines, caution and patience are your best allies. $TRUMP is skating on thin ice—stay vigilant, trade wisely, and keep your emotions in check.
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