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TRUMP hits $52.5 mln in DEX volume, but THIS can limit more upside
TRUMP has recently seen a significant surge to $52.5 million in decentralized exchange (DEX) volume, indicating growing interest and bullish momentum in the market. However, despite this impressive volume, several factors may hinder any further upside.
Firstly, TRUMP’s recent breakout from its consolidation zone is likely to attract increased resistance levels at $12.59 and $14.07, which could limit its potential for further growth. The token has broken out of a key level, making it crucial for traders to keep an eye on these levels for any signs of weakness or reversal.
Secondly, the sentiment around TRUMP is currently negative, with a weighted sentiment reading of -0.269471. This unfavorable outlook may impact the token’s overall trajectory, potentially limiting its upside potential and leading to a pullback or correction.
Source: https://ambcrypto.com/trump-hits-52-5-mln-in-dex-volume-but-this-can-limit-more-upside/
