TRUMP token retreats after 90% surge
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- Official Trump (CRYPTO:TRUMP) rose nearly 90% in five days before retreating.
- The token climbed from US$1.39 to US$2.62 by August 23.
- Selling pressure later pushed TRUMP below US$3, with US$1.86 identified as a key level.
Official Trump (CRYPTO:TRUMP) rose nearly 90% in five days before giving back some gains.
The token climbed from US$1.39 to US$2.62 by August 23, after broader crypto markets recovered.
The TRUMP team also made a US$3.39 million sale, adding to selling pressure, according to AMBCrypto.
TRUMP reached US$3.68 on August 22 before closing that day at US$2.38.
AMBCrypto said the token could test US$1.86 after falling below the US$2.24 Fibonacci level.
Bitcoin (CRYPTO:BTC) was also facing resistance near US$83,000, according to the analysis.
AMBCrypto said further weakness below US$1.76 could signal stronger bearish pressure, while US$1.36 remained a key lower level.
At the time of reporting, Official Trump price was $2.25.
