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The official memecoin of Donald Trump, TRUMP Coin (TRUMP), is currently trading around $10.36 but remains trapped in an alarming
The official memecoin of Donald Trump, TRUMP Coin (TRUMP), is currently trading around $11.03, remaining trapped in an alarming short-term downtrend.
Despite a slight recovery attempt, the overall cryptocurrency market is struggling to bounce back effectively. This trend has become even more evident with the integration of GPT-4 into Microsoft products.
In the past month, major cryptocurrencies like Bitcoin and Ethereum have faced difficulties regaining momentum, leading to a pessimistic outlook among traders.
However, if we delve deeper into the technical analysis of TRUMP, we notice that the token is approaching a crucial breakout point.
This breakout could propel TRUMP to levels last seen in January, when it soared to highs of $76. However, the token has since plummeted by 85% from those peaks.
But don't get ahead of yourself! We're not talking about a complete recovery to $76. Instead, a breakout above $13.5 could send TRUMP rallying to $26.
Pourraient intéresser :
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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