Well, I’ll Be…

Now, a fella claiming to be an “expert” – and we all know what *that* means, don’t we? – says if this here TRUMP token dips below $8.30, why, it’s headed south to $7.30. Seems folks are still willing to wager a bit that this thing might just bounce back, despite all the hullabaloo.

This Official Trump [TRUMP] memecoin, bless its heart, has done formed itself into a right gloomy pattern on the charts. Looks like it’s considerin’ a tumble, if you ask me. 🧐

’Tween you and me, this gizmo has already taken a swan dive of 18% this past week. It’s teeterin’ now, right on the edge of a precipice, so to speak.

A So-Called Expert and the Price’s Plight

This crypto fella, see, he’s watchin’ it like a hawk. Says TRUMP is sittin’ pretty at $8.4, but if it loses that hold, well, prepare for a drop to $7.3. A mighty steep drop, that is! 💸

Last I checked, this TRUMP memecoin was wobblin’ at $8.41, down a bit over 3%. Folks are still buyin’ and sellin’, though, can’t say they’re lackin’ enthusiasm, even while it’s sinkin’. Human nature, I reckon.

The papers – CoinMarketCap, they call it – are sayin’ that fourty percent more TRUMP has been traded today than yesterday. That’s a heap of activity! Seems a lot of folks are tryin’ to get out before the barn doors fly open.

Now that tells you somethin’. All this tradin’ when the price is fallin’? That suggests a whole lot of folks anticipatin’ more trouble ahead. A bad sign for them with TRUMP in their pockets, I’d say.

What’s a Body to Do About This TRUMP Business?

Some fellas at AMBCrypto, clever enough folks, they’ve noticed a shape in the price chart – a “head and shoulders” pattern, they call it. Sounds mighty ominous, don’t it?🤦

If this TRUMP doohickey falls below that $8.40 line, well, hold your horses. Could be a rapid descent, a full 13% down to $7.30. A considerable loss, that.

And to add to the gloom, the RSI, whatever *that* is , is showin’ weakness. But wait! The Bollinger Bands, they’re sayin’ somethin’ different. Seems it’s near the bottom, where prices sometimes bounce back up, like a rubber ball. Could be a glimmer of hope, if folks start buyin’ again. 🤔

A Ray of Sunshine… Maybe?

Despite all the doom and gloom, some investors are actin’ like they’re expectin’ a surprise. They’re buyin’ and holdin’.

CoinGlass tells us $15 million worth of TRUMP has vanished from the exchanges in the last day. Folks are takin’ it into their own hands, so to speak. That might calm things down a bit.

And traders are joinin’ in, bettin’ big that prices will rise. They’ve piled up $5.36 million in “long” bets and $3.52 million in “short” bets. A mighty hullabaloo, I tell ya.

They say the bulls are in charge of this here memecoin, tryin’ to push back against the fall. Time will tell, I suppose. It’s a gamble at best, this whole business, and a body ought to be careful with their hard-earned cash. 🤠

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2025-08-23 06:04