🟨After reaching an all-time high of $79, TRUMP has dropped to $29, losing traction among traders. Over the past five days, open interest has fallen by $200 million, highlighting growing uncertainty in the market.
🟨Despite the bearish trend, the MACD indicator has formed a bullish crossover, suggesting potential for recovery. However, trading volumes remain inconsistent, and market sentiment is cautious.
🟨To surpass the current resistance level of $34, TRUMP will need stronger market support. A return to its ATH of $79 would require a 166% increase, which appears unlikely without significant enthusiasm from the market.