This article is also available in Spanish.
Remember Mimi Trump, which rose to more A market value of $ 5 billion Immediately after President Donald Trump raised his right? Well, it is currently on the downward direction. It is traded slightly higher than $ 17, a decrease of approximately 18 % from the closure of the previous day.
The last price of the symbol came when President Trump took matters in his hands and shared a leaflet about the distinctive symbol Social truth.
Related reading
On the weekly graph, Trump is 35 % decrease And 70 % of its highest level ever, indicating dark expectations for its holders and investors.
It declines for Trump holders
The broader red encryption industry is now red, led by Bitcoin, which has decreased to $ 95,000. last Cross currencies They suffer in the current market, but the $ TROMP code gets a special male for its unique conditions.
I am useful Distinguished symbol crash It happened immediately after the president shared a post on his social account. Also, his administration was strengthening criticism after announcing the new tariff policy.
Immediately after the publication of the post, the Trump price fell by more than 13 %, decreased to less than 20 dollars. The distinctive symbol enjoyed a large difference two weeks ago, as it reached its highest level of $ 73.43. Also, the data indicates that the trading volume of the original has increased by 65 %, by a value of $ 3.4 billion, with the transfer of sales holders.
Trump is very volatile, and holders of the next step
After reaching a minimum level of $ 18.75, the code made a little gain for trading over 21 dollars. However, she has returned to the level of $ 17, indicating that he is currently being very volatile and testing the patience of most merchants and holders.
According to the data of Coinglass derivatives, Trump Open interest decreased By more than 13 % to 720 million dollars, while the ranking increased over 24 hours to more than 15 million dollars, with a total of $ 11 million qualifiers.
For many experienced traders, the decline in the distinctive symbol to below $ 20 is the opportunity to buy. Captain Vibik, a famous encryption analyst, joined the talks indicating “DIP”. According to FAIIBIK, the distinctive falling wedge is still active, and it is expected a strong recovery from it.
buying $ Trump to retreat!
The fall of the fall is still playing, and it is expected to wear strong ..#Crypto #trump #Thestusdt pic.twitter.com/s1juqeskgy
Captain Vibik 🐺 (CryptOfaibik) February 2, 2025
Related reading
Trump pump and a possible bounce?
In encryption, the fall of the fall often indicates a possible outbreak of prices. Many TROMP holders use this graph to argue that increasing the distinctive symbol for this happens soon.
Crypto Edward Mora also shared his ideas, saying that the distinctive symbol had recovered from the level of $ 20 and expected to be now on his way. He admitted that $ Trump was deeper than expected, but he participated that he bought the decline and is now looking at his upscale capabilities.
In fact, President Trump shared a position to support his symbol, a clear trick in marketing. However, many observers criticized this step of the president, saying that the “pump” may soon lead to “emptying”.
Distinctive photo of Pexels, tradingView graph