$TRUMP
At a current price of $37, the likelihood of $TRUMP breaking all-time highs again (in this case, $75) will depend on several fundamental and speculative factors.
Factors that could boost $TRUMP:
1. Relevant political events: If Donald Trump announces crypto-related initiatives or if his political influence generates a positive narrative for $TRUMP, this could increase speculative demand.
2. Adoption and brand narrative: Being tied to the figure of Trump, a movement in his political campaign or the interest of his supporter base could create renewed enthusiasm.
3. Reduction in circulating supply: If the release of tokens by controlled entities is strategically handled or if there are token burns, there could be less selling pressure and increase the price.
Factors posing risks:
1. High token concentration: With 80% of tokens controlled by Trump-linked entities, the possibility of manipulation or sell-offs could create uncertainty.
2. Lack of real utility: If the token does not develop concrete use cases, it could be relegated as a mere speculative asset, limiting its potential for sustainable growth.
3. Regulations and legal risks: Any regulatory moves against the token, especially in the US.
4. Market sentiment: The previous drop from $75 to $37 shows that investors have already lost some degree of confidence. Regaining that momentum will require a major catalyst.
Technical analysis:
Technical analysis can indicate key support and resistance levels. If $37 represents strong support and there is increasing volume, we could see a bounce back to higher levels.
Conclusion:
While it is possible that $TRUMP will re-reach its highs, it will depend on a significant external catalyst, be it political, speculative or market development.Without these factors, there is a high risk that it will remain stagnant or even fall further.