What happened?
$TRUMP fell 17.37% to $1.27 in 24 hours after briefly touching $1.22, a new all-time low. It is now roughly 98% below its all-time high. (tokenpost) (thestreet)
Why the drop?
The US midterms hit Trump-linked tokens hard. Bitcoin and Ether climbed while Trump-linked tokens slid, as traders priced in a Congress less friendly to the Trump family's crypto interests. $WLFI also fell as much as 10% to a record low. $MELANIA dropped close to 13%. (Trump-Linked Tokens Slide While Bitcoin And Ether Rally After Democratic Midterm Sweep +2)
Next catalyst 📅
A holder dinner is planned for Nov 22, with a scoring cut-off on Nov 12. Past events pumped the price, but one report notes "No Price Jump This Time." (cryptoticker) (cryptoticker)
Levels to watch 👀
Support: $1.20 (the fresh low). A break below means price discovery downward.
Resistance: $1.50–$1.60, where price traded just days ago.
A bounce needs volume and a calmer market. Watch for a relief rally or further weakness.
#TRUMP #OfficialTrump #trumpcoin #MEME #BinanceSquareTalks
$TRUMP fell 17.37% to $1.27 in 24 hours after briefly touching $1.22, a new all-time low. It is now roughly 98% below its all-time high. (tokenpost) (thestreet)
Why the drop?
The US midterms hit Trump-linked tokens hard. Bitcoin and Ether climbed while Trump-linked tokens slid, as traders priced in a Congress less friendly to the Trump family's crypto interests. $WLFI also fell as much as 10% to a record low. $MELANIA dropped close to 13%. (Trump-Linked Tokens Slide While Bitcoin And Ether Rally After Democratic Midterm Sweep +2)
Next catalyst 📅
A holder dinner is planned for Nov 22, with a scoring cut-off on Nov 12. Past events pumped the price, but one report notes "No Price Jump This Time." (cryptoticker) (cryptoticker)
Levels to watch 👀
Support: $1.20 (the fresh low). A break below means price discovery downward.
Resistance: $1.50–$1.60, where price traded just days ago.
A bounce needs volume and a calmer market. Watch for a relief rally or further weakness.
#TRUMP #OfficialTrump #trumpcoin #MEME #BinanceSquareTalks