- TRUMP slips again, struggling to maintain its recent highs.
- Traders seem undecided, leading to increased volatility.
- Despite the downturn, trading activity is still significant.
TRUMP token has taken another hit, dropping to $26.15 as selling pressure continues to build. The token has been on a rollercoaster lately, bouncing between highs and lows, but this recent decline suggests that bullish momentum might be fading.
With a 24-hour range between $25.35 and $27.54, it’s clear that price swings are still active, but overall, the trend has been leaning downward. Investors who were hoping for a recovery might be getting frustrated, while short-term traders could be trying to capitalize on the volatility.
Another Red Day: TRUMP Struggles to Hold Its Ground
One thing that hasn’t changed is the high trading volume. TRUMP saw nearly $1.89 billion in activity within the last day, showing that traders are still engaged. However, whether that’s a sign of confidence or just people cutting losses is another story.
When a token has strong volume but keeps trending downward, it usually means a battle is happening between buyers trying to catch the dip and sellers looking for an exit. Right now, sellers seem to have the upper hand, but things could shift quickly if a new catalyst appears.
Despite the overall pessimistic outlook on the token, Henri.Sol announced that TRUMP will be on Meteora, a DeFi platform.
Where Does TRUMP Go From Here?
With a circulating supply of just under 200 million and a fully diluted valuation of over $26 billion, the official token of Donald Trump still holds a solid position in the market. But numbers alone won’t stop the bleeding if demand doesn’t pick back up soon.
Based on the CoinGecko chart, if the price continues dropping, the next key level to watch is around $25. If it breaks below that, more losses could follow. On the other hand, if buyers step in, a push back toward $27 or higher might not be out of the question.
Final Thoughts: Time to Worry or Just a Market Correction?
It’s clear that TRUMP is struggling to hold onto its recent highs, and this decline isn’t looking like a simple pullback anymore. While high trading volume shows that the token isn’t being ignored, the bearish trend suggests that confidence is starting to waver.
For now, it’s a waiting game. Will TRUMP find support and bounce back, or is this just the beginning of a bigger slide? Either way, traders should be prepared for more volatility ahead.
