TRUMP MEME COIN: Urgent Price Level For Bitcoin, Crypto & TRUMP!

Michael Pizzino

Summary of Crypto Market Update

Introduction

The last 24 hours have been highly volatile in the crypto market, with over half a trillion dollars changing hands and $1.1 billion in liquidations.

Market Sentiment

  • The Fear and Greed Index shows greed has returned to the market, indicating potential for further growth but also caution against a potential pivot point.
  • Large inflows into spot ETFs could be a sign of healthy investment, differing from previous instances where such inflows were followed by market peaks.

Key Indicators

  • Daily Exchange Loan: Higher lows indicate a potential for sustainable rallies in crypto.
  • Liquidation Volume and Ratio: Recent liquidations are among the highest in history, which could lead to a pivot point, though it's too early to call.
  • Long/Short Ratio: Favoring the short side, but not significantly, suggesting a potential base for the next breakout.

Currency Analysis

US Dollar
  • Still in an uptrend across various timeframes.
  • A weaker US dollar could be very bullish for assets priced in dollars.
Bitcoin
  • Holding above $99,000 to $100,000.
  • Technically strong, but potential for a pivot point if trends change.
Ethereum
  • Poor performer lately, needs a higher low above $3,500 to $3,600 to indicate a correction low.
Solana
  • Printed a new all-time high but with signs of potential capitulation, indicating a possible reversal.
XRP
  • Trends remain up, found support on old highs.
Alt Coins and Meme Coins
  • Cardano: Going sideways, needs a breakout above $1.15.
  • Pepe: Struggling, needs a higher low above $2,200.
  • Doge Coin: Holding on top of trend lines and 50% levels, potential for comeback with Elon Musk's influence.
  • Trump Coin: Highly volatile, critical level at $39; holding above could lead to retest of old highs.

Conclusion

The crypto market is at a critical juncture with potential for both significant growth and correction. Key levels and trends will determine the next moves for major currencies and alt coins.