The TRUMP Token has recently struggled to maintain a continuous rise, and it is more likely to experience a weak rebound with a sideways bearish trend, lacking strong drivers and volume support. Below are key judgments and trading references:
Core conclusion
- Short-term driving factors are insufficient: As a meme coin, the price is highly dependent on political hotspots and market sentiment, with no strong catalysts currently, and has weakened overall since December, with a decline of about 15.2% in the last 30 days, down nearly 92% from its historical peak. - The technical aspect is weak: As of December 21 at 12:00, the price is around 8.4 USDT, having risen and then retreated in the last 24 hours, with a divergence between price and volume. The RSI is close to 61 but the MACD bullish momentum is weakening, making it difficult to break the resistance at 9.57 dollars. - Risk concentration: Long-term inflation of the token (circulation increasing from 200 million to 1 billion over the next three years), high uncertainty regarding regulatory and related party statements, lack of substantial application support, and pressure to sell may arise after speculation wanes.
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The TRUMP Token has recently struggled to maintain a continuous rise, and it is more likely to experience a weak rebound with a sideways bearish trend, lacking strong drivers and volume support. Below are key judgments and trading references:
Core conclusion
- Short-term driving factors are insufficient: As a meme coin, the price is highly dependent on political hotspots and market sentiment, with no strong catalysts currently, and has weakened overall since December, with a decline of about 15.2% in the last 30 days, down nearly 92% from its historical peak.
- The technical aspect is weak: As of December 21 at 12:00, the price is around 8.4 USDT, having risen and then retreated in the last 24 hours, with a divergence between price and volume. The RSI is close to 61 but the MACD bullish momentum is weakening, making it difficult to break the resistance at 9.57 dollars.
- Risk concentration: Long-term inflation of the token (circulation increasing from 200 million to 1 billion over the next three years), high uncertainty regarding regulatory and related party statements, lack of substantial application support, and pressure to sell may arise after speculation wanes.