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TRUMP Token Jumps 13% Despite Overbought Technical Signals
TRUMP Token Jumps 13% Despite Overbought Technical Signals
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[TRADE_PLUGIN]TRUMPUSDT,TRUMPUSDT[/TRADE_PLUGIN]
TRUMP News -
The TRUMP meme coin rallied 13% over the past 24 hours, outperforming most major cryptocurrencies. However, technical analysts warn the surge may be unsustainable as key indicators flash bearish divergences.
The 20 and 50-day moving averages have crossed below longer-term benchmarks, signaling weakening momentum. On-chain data shows spot traders are using the pump to take profits, with order book analysis revealing thin liquidity at current levels.
While retail FOMO is driving short-term price action, the MA Ribbon indicator shows deteriorating trend strength. crypto veterans caution this could lead to a sharp correction if bullish momentum falters.
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