The TRUMP cryptocurrency token has experienced a significant decline, losing over 70% of its value in the past month. It reached a high of $75.35 before dropping to $16.17. On-chain data shows reduced market activity, with futures open interest and trading volume declining. The trading volume has dropped from its January peak of $66.5 billion to $1.26 billion, indicating weakening interest. The $15 support level has historically acted as an accumulation point, preventing deeper declines. If this support holds, the token could see a relief bounce, with an initial target at $16.64. However, failure to maintain support could lead to further downside pressure, potentially reaching a new low of $10. Futures open interest and trading volume have also declined, indicating a decrease in speculative activity and overall market slowdown.



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