Can #TRUMP Reach $77 Again? $TRUMP
Token Plummets 90% – What’s Next?
The $TRUMP token has experienced a significant crash, losing nearly 90% of its value. Currently trading around $10.52, traders are closely monitoring whether a rebound or further decline is on the horizon. The key resistance levels between $11 and $12 will be crucial in determining if a recovery is possible. Is this an opportunity to buy the dip, or is more downside expected?
**$TRUMP/USDT – Holding Steady, but Is a Breakout Imminent?**
#TRUMP is currently priced at $10.52, with a 24-hour high of $10.85 and a low of $10.04. The price has shown minor fluctuations but remains in a tight consolidation range. The market is awaiting its next significant move, with key levels to monitor closely.
**Key Levels to Watch**
- **Resistance:** $10.85 – A breakout above this level could drive $TRUMP toward $11.20 or higher.
- **Support:** $10.04 – If this level is breached, a retest of $9.80 could follow.
**Market Sentiment**
1. Trading volume remains steady, indicating potential accumulation in this range.
2. The Parabolic SAR suggests a support trend is forming.
3. Bearish pressure slightly outweighs buying power, with 51.63% sell-side dominance.
**Trade Setup**
1. **Long Entry:** If $TRUMP breaks above $10.85, anticipate a move toward $11.20-$11.50.
2. **Short Entry:** A drop below $10.04 could lead to a decline toward $9.80-$9.50.
3. **Stop-loss:** Set stops at $10.00 for long positions and $10.90 for short positions.
**Final Thoughts**
$TRUMP is at a critical point, consolidating within a narrow range. The next major move will depend on whether it breaks out or breaks down. Traders should watch for volume confirmation before entering any positions.