The Trump official imploded and hovers near his lowest level of all time because most coins and other cryptocurrencies have dropped.
The official asset (ASSET) Oken fell to $ 14.85 on February 12, down more than 80% compared to its January summit. Its market capitalization has increased from more than $ 15 billion in January to $ 2.9 billion today.
Most Corners have retired in recent weeks. Dogecoin (DOGE) The price has dropped 25% in the last 30 days, while Shiba Inu (Salogner) is down more than 28%. Other pieces such as fatty penguins, Dogwifhat and Bonk have all fallen two digits.
The official Trump token crashed while many early buyers have thrown their assets. Nansen’s data show that most of the for -profit traders have unloaded their tokens, letting retail investors have the bag.
It is a common scheme in the parts industry even, where the developers pump their tokens, attract FOMO investors, then throw them. A similar scenario recently unfolded with AI16Z and Virtuals protocol.
Official technical analysis of Trump even
The technical indicators suggest a potential Trump token rebound in the coming days. The token formed a falling corner pattern, a popular bullish signal. The higher trend line of the corner links the highest swings since February 2, while the lower trend line marks the lowest swings since February 3.
The two lines of trends are approaching their point of convergence, indicating that an increased break can occur in the coming weeks.
In addition, the MacD indicator has formed a bullish divergence model. This happens when the two MacD lines increase while the price continues to drop. Given this configuration, there is a strong possibility that the official Trump token bounces and potentially retains the level of resistance of $ 22.75 – 55% above its current price.