Analyzing TRUMP Token Weakness: Unlock Pressure and Market Doubts
- TRUMP token drops ~8% weekly, trading below $10 ahead of major Apr 17 unlock
- Analyst Martinez notes $8 support after $10 break; Fib levels suggest lower targets
- RSI nears oversold (~35), but reversal unconfirmed amid unlock FUD & sentiment cues
The Official Trump (TRUMP) token shows a downward trajectory, dropping almost 8% over the past week to trade near $9.35 at press time. The token struggles to hold above critical support levels, facing resistance at the 20-day Exponential Moving Average ($10.82), as market participants eye an upcoming token unlock and broader questions circulate regarding motivations behind politically-linked crypto assets.
The bearish outlook intensifies due to the first round of TRUMP token unlockings scheduled for April 17th. Approximately 40 million TRUMP tokens (valued around $372 million and representing 20% of the circulating supply) are set to be released.
— SolanaF…
News: The first major token unlock for $TRUMP, the memecoin launched by U.S. President Trump, is scheduled for April 17.
A total of 40 million tokens—worth $413 million and representing 20% of the circulating supply—will be released. pic.twitter.com/vp5Rf9qcM8
The post Analyzing TRUMP Token Weakness: Unlock Pressure and Market Doubts appeared first on Coin Edition.
Read More
Decoding Altseason Clues: Total 2 Consolidation Meets ETH Whale Buying
Analyzing TRUMP Token Weakness: Unlock Pressure and Market Doubts
- TRUMP token drops ~8% weekly, trading below $10 ahead of major Apr 17 unlock
- Analyst Martinez notes $8 support after $10 break; Fib levels suggest lower targets
- RSI nears oversold (~35), but reversal unconfirmed amid unlock FUD & sentiment cues
The Official Trump (TRUMP) token shows a downward trajectory, dropping almost 8% over the past week to trade near $9.35 at press time. The token struggles to hold above critical support levels, facing resistance at the 20-day Exponential Moving Average ($10.82), as market participants eye an upcoming token unlock and broader questions circulate regarding motivations behind politically-linked crypto assets.
The bearish outlook intensifies due to the first round of TRUMP token unlockings scheduled for April 17th. Approximately 40 million TRUMP tokens (valued around $372 million and representing 20% of the circulating supply) are set to be released.
— SolanaF…
A total of 40 million tokens—worth $413 million and representing 20% of the circulating supply—will be released. pic.twitter.com/vp5Rf9qcM8
The post Analyzing TRUMP Token Weakness: Unlock Pressure and Market Doubts appeared first on Coin Edition.
Read More