TRUMP Coin Tanks 13%—Even Donald Trump Couldn’t Save It
Remember Trump models soaring coins $ 5 billion in market value President Donald Trump was an oath immediately? Well, it is currently in a downward trend. Its transaction was slightly higher than $ 17, which was nearly 18 % from the closing price of the previous day.
When President Trump controlled things in his own hands and shared posts about token, the latest price of tokens was taken. Truth social.
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On the weekly chart, Trump is 35 % down 70 % from the highest high altitude, which shows that the prospects of its holders and investors are dim.
Trump holders will decline
The broader cryptocurrency industry led by Bitcoin is now in a red state, and Bitcoin has dropped to $ 95,000. other Cryptocurrency Suffering in the current market, but Trump’s $ken specifically mentioned due to its unique situation.
According to reports The collapse of the token The president shared the post of his truth social account. In addition, his government has been resisting criticism after announcing a new tariff policy.
After the post was listed, Trump’s price fell more than 13 % and fell below 20 US dollars. The tokens enjoyed a huge running two weeks ago, reaching a historical highest point of $ 73.43. In addition, the data shows that with the sales of the holder, the transaction volume of assets increased by 65 % to $ 3.4 billion.
The holder considers the next step, Trump is very turbulent
After reaching a low point of $ 18.75, tokens have received some benefits to more than $ 21. However, it returned to the level of $ 17, which shows that it currently fluctuates and tested the patience of most traders and holders.
According to the derivation tool data of Coinglass, Trump’s Open interest has dropped More than 13 %, to $ 720 million, and the number of liquidation of 24 hours increased to more than 15 million US dollars, with a total of $ 11 million in long -term liquidation.
For many experienced traders, the brief decline of the token is less than 20 US dollars is a purchase opportunity. Captain FAIBIK, an popular encrypted analyst, joined the dialogue and suggested “buying dipping sauce”. According to FAIBIK, the downgraded wedge is still active, and he hopes to recover from it.
Buy $ Trump dip!
The falling wedge is still playing, and it is expected to have a strong rebound.#crypto #trump card #Thetusdt pic.twitter.com/s1juqeskgy
-Aibik (@cryptofaibik) February 2, 2025
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Trump pump and possible rebound?
In cryptocurrencies, the decreased wedge -shaped usually shows potential price breakthroughs. Many Trump holders are using this chart to argue that the surge in this generation is about to occur.
Edward Morra (Edward Morra) also shared his thoughts, saying that the currency had recovered from the level of $ 20 and predicted that it was rising. He acknowledged that Trump’s progress was deeper than expected, but he shared that he bought dipped sauce and is now looking for his potential to see bullish.
In the truth society, President Trump shared an article that supports his tokens, which is an obvious marketing strategy. However, many observers criticized the president’s move, saying that “pump” may soon lead to “garbage”.
Featured images from Pexels, charts of tradingView
