$TRUMP Technical Outlook: More Downside Ahead?
Technically, $TRUMP has struggled to hold above the 0.618 Fibonacci retracement level at $46.38, indicating sustained selling pressure. Immediate support is found at $35.72, with a further decline potentially driving prices down to $27.22. $46.38 remains a key resistance level, with a break above this point potentially opening the way toward $52.34 if buying interest returns.
Immediate support lies at $35.72, and further declines could push the coin toward $27.22.
A decisive move above the pivot level at $36.88 could indicate short-term recovery potential, while failure to hold support may expose the coin to further downside toward the 1.272 Fibonacci extension at $13.35, a level of concern for investors.
Crypto Market Sentiment Cautious Amid Trump Policies
The broader cryptocurrency market remains cautious following President Trump’s initial days at the office with no mention of crypto regulations. Investors who were anticipating favorable policy announcements, such as regulatory relief or a government-backed Bitcoin reserve, reacted with disappointment, leading to sell-offs across the market.
“The market was expecting a strategic Bitcoin reserve announcement, but the lack of policy clarity led to a wave of profit-taking,” noted Matthew Dibb, Chief Investment Officer at Astronaut Capital.
Market participants remain watchful for further developments, with regulatory updates expected to shape investor sentiment over the coming months.
Bitcoin and Broader Market Impacts
Bitcoin has also experienced a pullback from its recent ATH of $109,071, currently trading at $101,705, reflecting broader market hesitation. Ongoing uncertainties surrounding U.S. economic policies and potential regulatory changes continue to weigh on investor confidence.
Upcoming Federal Reserve decisions and economic indicators are expected to influence Bitcoin’s trajectory and the overall crypto market sentiment in the near term.
Meme Index Presale Surges with $2.7M Raised
While major cryptocurrencies struggle with volatility, Meme Index ($MEMEX) is capturing investor attention with its decentralized investment platform that offers structured exposure to meme coins. The platform provides four tailored index options, allowing investors to diversify their holdings efficiently across various risk levels.
Meme Index’s staking mechanism offers attractive returns of up to 846%, positioning it as a potential high-yield investment opportunity within the meme coin sector.
https://x.com/memecoin_index/status/1882073433963733424
The ongoing presale has successfully raised $2.73 million, with tokens priced at $0.0154693, highlighting growing demand. Meme Index’s community continues to expand, boasting over 3,000 Telegram members and 21,000 X (formerly Twitter) followers.
A detailed audit report has been published, underscoring the project’s commitment to transparency and regulatory compliance. With the presale entering its final stages, investors have a limited opportunity to acquire $MEMEX tokens at the current rate before the next price increase.
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