The Trump (TRUMP) meme coin has experienced a notable 24% increase in value over the past 24 hours, trading around $20.15. It has broken through a strong resistance level at $19.70, suggesting potential for further significant gains. However, concerns arise from the dumping of TRUMP meme coins onto exchanges, potentially indicating selling pressure and further price decline. In the past 24 hours, $51 million worth of TRUMP meme coins have been inflowed onto exchanges, the largest amount since the coin's launch. While long-term holders show a bearish sentiment, intraday traders are increasing their positions. Long-side traders currently dominate the market, but overleveraging is a potential risk. Overall, the future of TRUMP meme coin remains uncertain.



Other News from Today