The official Trump has implicated and is hovering near all his time as most meme coins and other cryptocurrency have fallen.
Official Trump (Trump) Oken fell to $ 14.85 on February 12, more than 80% of the January top. Its market cap has exceeded $ 15 billion in January today.
Most meme coins Has retreat in the last few weeks. In the last 30 days, the price of Dogicine (Dogge) has declined by 25%, while Shiba Inu (Shib) is more than 28%. Other coins such as Pudi Penguins, Dogwifat, and Bonak have all fallen by double digits.
Official trump tokens have crashed as many early buyers dumped their holdings. Nansen data suggests that most of the benefits-Agni traders have unloaded their tokens, holding retail investors bags.
This meme is a common pattern in the coin industry, where developers pump their tokens, attract FOMO investors, and then dump them. A similar scenario recently surfaced with AI16Z and Virtuals Protocol.
Official trump meme coin price technical analysis
Technical indicators suggest a possible official trump token rebound in the coming days. The tokens have indicated a falling wedge pattern, a popular rapid indication. The upper trendline of the veg combines the highest swings since February 2, while the lower trendline marks the lowest swing since 3 February.
The two trendlines are near their convergence point, indicating that a rapid breakout may occur in the coming weeks.
Additionally, the MACD indicator has formed a rapid deviation pattern. This happens when two MACD lines are increasing while the price continues to fall. Given this setup, there is a strong possibility that the official trump token will rebound and potentially $ 22.75 resistance level -55% will be above its current value.
