Following the meeting between former U.S. President Donald Trump and Russian President Vladimir Putin, the price of TRUMP cryptocurrency remained stable despite growth expectations.
Cautious Approach of Investors
The summit holds significant relevance for future U.S.-Russia relations. Typically, such events have positive impacts on digital assets linked to political figures. However, it has been noted that TRUMP investors are hesitant to take large positions after the recent meeting. The positive market atmosphere did not directly reflect on the TRUMP price, which has remained stable. Some investors reduced the scale of their portfolios due to concerns about market fluctuations.
Market Indicators and Investor Perception
General market indicators concerning the TRUMP asset illustrate that investors have become more cautious recently. Chaikin Money Flow data suggests an increase in selling pressure and a weakening of the positive trend in the market. These developments might indicate investors are exiting the TRUMP asset. As uncertainty grows, investors appear reluctant to take risks.
TRUMP Price Analysis and Potential Scenarios
Currently, the TRUMP price stands at $9.17, maintaining above its support level of $9.04. The resistance level is noted at $9.63, with the price expected to remain volatile within this range for a while. If the existing selling pressure persists, TRUMP might lose its $9.04 support and fall to a lower level of $8.43. Should this occur, downward pressure on the price may increase. Conversely, should investor confidence increase and TRUMP surpass $9.63 resistance, the price could rise to $10.
Thus, despite the price stability of TRUMP following significant political events, investors exhibit caution. Experts suggest that short-term market volatility remains low, aligning interest in TRUMP closely with political developments.
