$TRUMP Today it surged in one go, up 20%, and it was still hovering around 2.7 at dawn, trading high and choppy.
The logic behind it is very clear: the CLARITY Act is scheduled to enter the Senate for a vote on September 15, which is the most critical milestone for U.S. crypto regulatory legislation, and market sentiment has directly erupted.
What’s even more noteworthy is that this rally is driven almost entirely by spot demand. The funding rate is only 0.005%, essentially zero, indicating that the derivatives market isn’t chasing with leverage. The buying is coming from genuine demand, not shorts being squeezed.
On the big-picture view, the BTC ETF has seen net inflows for 8 straight days, exceeding $7 billion. Altcoins’ trading volume share has hit a two-year high of 65%. Overall capital is rotating into altcoins, and policy-narrative-heavy names like TRUMP naturally got the first wave.
The current 24h high of 2.934 is the near-term resistance level. It started pulling back in the early hours; 2.227 is support. If sentiment keeps heating up before the bill vote, this zone is the key area to watch to see whether price can break the prior high again.
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The logic behind it is very clear: the CLARITY Act is scheduled to enter the Senate for a vote on September 15, which is the most critical milestone for U.S. crypto regulatory legislation, and market sentiment has directly erupted.
What’s even more noteworthy is that this rally is driven almost entirely by spot demand. The funding rate is only 0.005%, essentially zero, indicating that the derivatives market isn’t chasing with leverage. The buying is coming from genuine demand, not shorts being squeezed.
On the big-picture view, the BTC ETF has seen net inflows for 8 straight days, exceeding $7 billion. Altcoins’ trading volume share has hit a two-year high of 65%. Overall capital is rotating into altcoins, and policy-narrative-heavy names like TRUMP naturally got the first wave.
The current 24h high of 2.934 is the near-term resistance level. It started pulling back in the early hours; 2.227 is support. If sentiment keeps heating up before the bill vote, this zone is the key area to watch to see whether price can break the prior high again.
Click the small card below to quickly check the行情
