TRUMP tokens rose for the second consecutive day, and market warming and the increase in the number of derivatives silos led to improved short-line performance. However, in the longer term, the asset remains in a weak zone, and prices have not recovered many of the positions previously missed.

The 24-hour increase is over 3%.

TRUMP has increased by 3.15 per cent over the past 24 hours to $281 million, or about 25 per cent over the previous day, in the vicinity of $1.90. The condensation indicates that participation in short-term transactions is increasing.

From the solar-line structure, TRUMP has fallen in the last few months to positions of $4.67, $2.73 and $2.27, and the overall trend remains unchanged. The token is still at the bottom of the 200-day average, and the price structure continues to move down at low and high points.

$2.27 is still key.

Current trends indicate that TRUMP is still supported by a trend line that has been going up since June 5. Short-line rebounds are expected to continue if prices remain above this trend line.

But to open up further, the market needs to break the $2.27 line first. This position has continued to constitute a form of repression since May and is also the core price for the ongoing expansion of the Round ' s rebound.

If prices break this short-term trend line, the downside risk will rise again and markets may again test lower levels. At the same time, the ADX indicator, which measures the intensity of the trend, has fallen to 19.13, indicating that the current upward trend in this round remains weak.

Derivative multi-headed emotions.

While the spot structure remains weak, the derivatives market sentiment is more optimistic. The CoinGlass data show that the multi-space of TRUMP on the currency platform rises to 2.02, reflecting a greater overall bias by traders.

  • 1.85 Accumulated multiple warehousing positions around US$ 4.08 million
  • 1.96 Accumulated empty silos near the US$ 2.95 million

This means that short-term funding is increasing leverage around the above-mentioned zones and that multiple warehousing positions are larger than empty.

There has also been a slight improvement in the flow of cash. The data show that some US$ 10.3 million of TRUMP coins have been flowing out of the exchange over the past 24 hours and are usually seen as a sign of a shift from the holder to the build-up.

On the whole, TRUMP short-line moods have been repaired, and traders and some currency holders are optimistic. However, until the price is back on $2.27, the movement towards a higher level remains incomprehensible.