Trump crypto currency has lost a large part of its value in the last month and experienced historical decreases. This harsh decline emerged as a result of US President Donald Trump and the tariff of customs tariff wars. The general tendency of the market to decline led to the deepening of this decline and a significant recovery was prevented. As a result, investors have started to turn to exposure positions instead of long positions.
Investors revealed in Donald Trump Coin
Trump’s financing rates have declined to its lowest levels since the mid -January, showing that exposure sales positions have increased. This reveals that investors have begun to bets that Trump will lose more. The decrease in investor interest for long positions causes the seller pressure to continue. Market instability, Trump’s customs tariffs generally created a pessimistic atmosphere in the market. Investors are focused on taking advantage of the current drop trend, rather than waiting for a possible recovery. If there is no change in market conditions, this negative appearance will continue and Trump’s price is expected to be under pressure.
Technical analysis data reveal the weakening acceleration in Trump’s price movement. The relative power index (RSI) has been below the 50.0 neutral level since the beginning of February, which means that the decline tendency continues. RSI’s deepening shows that sales pressure has increased and there is no sign of relaxation in the short term. The fact that RSI remains under the neutral area for a long time can often lead to longer decrease. The current aspect of Trump shows that the sales trend is still in progress and that RSI is likely to recover before it rises above the neutral level. This means that there may be more decreases.
Trump Price Estimation: Lower levels are expected
Today, Trump has seen the lowest level of all time with $ 14.29 and suffered a loss of 11 %in the last 24 hours. This sharp decline was triggered by the loss of $ 16.00 as a support. This level was critical for Trump to maintain its stability. If there is no rapid recovery, the price is expected to decline more.
If Trump maintains the current decrease trend, the probability of the price to go below $ 10. Falling below this psychological level will lead to the loss of almost all of its value since Trump’s introduction. Such a movement may increase the risk of liquidation and cause the price to be further down.
