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Lunam Points
Even official Trump (Trump) is about to go through a unlocking of massive tokens worth around $ 341 million.
According to the Tokenomist of the Crypto Tokenomics data aggregator, 40 million Trump tokens will be released on the free market on April 18.
With 199 million Trump tokens currently in circulation, unlocking represents approximately 20% of the supply of the same.
Trump currently has a market capitalization of $ 1.69 billion and an entirely diluted assessment (FDV) of $ 8.48 billion.
The dropouts of tokens are often considered to be lower for cryptographic assets, since the new food will soon be available and that the sales pressure can be higher.
Like most digital assets, Trump recently suffered as a result of climbing the president’s business war, starting when he signed an executive decree that threw up prices on all imported goods entering the United States with the aim of protecting national manufacturing.
Despite the unlocking, the cryptocurrency merchant and analyst Ali Martinez is optimistic about Trump.
Martinez said to her 134,800 subscribers on the X social media platform that Trump could prepare for a bullish reversal based on the sequential indicator of Tom Demark (TD) on the weekly deadline.
The TD sequential indicator is used to identify potential tendency reversal in technical analysis.
Said Martinez,
“The Sequential TD simply flashed a purchase signal on the weekly Trump graphic!”
Key support: $ 7.13
Evasion confirmation: $ 11.96
Target: $ 17.94. »»
At the time of writing, Trump is worth $ 8.37.
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Image generated: Midjourney