Dismissal of Trump's $15B Lawsuit Leads to $TRUMP Coin Selloff
Trump's Lawsuit Dismissal: U.S. District Judge Steven Merryday dismissed Donald Trump's $15 billion defamation lawsuit against The New York Times and Penguin Random House, with plans to refile within 28 days, indicating the complaint was politically motivated.
Impact on $TRUMP Token: The dismissal led to a selloff of the $TRUMP token, reflecting speculative behavior in the crypto market, although it did not significantly affect major cryptocurrencies or DeFi protocols.
Speculative Nature of $TRUMP Token: The volatility of the $TRUMP token is linked to Trump's media actions, with market analysts predicting continued speculation and potential market swings, consistent with historical patterns.
Disclaimer on Investment Advice: The article emphasizes that the information provided is for informational purposes only and does not constitute financial or investment advice, highlighting the risks associated with cryptocurrency investments.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.551 | 2.286 | 3.051 | 3.786 | 4.551 | 5.286 | 6.051 |
| Fibonacci | 2.286 | 2.859 | 3.213 | 3.786 | 4.359 | 4.713 | 5.286 |
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