- Traders were over-leveraged at $8.67 (low) and $9.49 (high), like they were playing slots in Vegas
- On-chain metrics showed exchanges lost $4.65 million in TRUMP, because apparently, burning money is in fashion again.
With all the bearish vibes, the Donald Trump-themed TRUMP memecoin might be about to stage a dramatic descent to $7.90. Just like when Trump announced those tariffs, the crypto world took a nosedive. 😂
TRUMP couldn’t hold its $10 level after a whopping 15% price crash. It’s like when Donald lost his hair—once it’s gone, it’s gone for good.
TRUMP Price Analysis and Upcoming Levels
After breaking that crucial $10 level, TRUMP might just be following its usual playbook. A glance at the daily chart shows that every time TRUMP consolidated and broke its support, it dropped by 18%. Guess what? It’s doing it again. 🤦♂️
According to our data wizards at AMBCrypto, since February 2024, TRUMP has lost 18% twice after a support breakdown. Given the current market funk, it might do the same for a third time. If TRUMP stays below $10 or $9.50, it could fall 18% to $7.90. Looks like TRUMP is riding the downward escalator to the basement. 😂
As of now, TRUMP’s RSI is flirting with the oversold zone, signaling weak momentum. TRUMP is trading near $8.80, down over 15% in the past 24 hours. It’s like watching a slow-motion car crash. 🚗💥
$11 Million of Short Bets
On-chain metrics reveal that most traders are betting against TRUMP, convinced it won’t breach the $9.50 level anytime soon. Data from Coinglass shows traders are over-leveraged, with positions clustered at $8.67 (low) and $9.49 (high). In the last 24 hours, they added $3.25 million in long positions and $11.03 million in short positions. 📉📉📉
These over-leveraged positions indicate bearish sentiment, suggesting TRUMP could keep falling until it hits the next support level. It’s like they’re all whistling past the graveyard. 😱
$4.65 Million Worth of TRUMP Outflows
Meanwhile, whales and savvy investors are buying TRUMP, probably thinking it’s a great deal at these prices. Spot inflow/outflow data shows exchanges lost over $4.65 million in TRUMP in the last 24 hours, hinting at potential accumulation. 🧠💰
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2025-04-04 10:17