As weekend activities shift attention to former President Donald Trump, the official Trump [TRUMP] memecoin has surged 8.6% in 24 hours, with open interest skyrocketing 35%. While short-term momentum and broader Bitcoin strength offer further upside potential, the long-term trend remains bearish. Analysts advise traders to exercise caution, take profits, and plan cautious exits, as the likelihood of a sustained reversal is low.
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As weekend activities shift attention to former President Donald Trump, the official Trump [TRUMP] memecoin has surged 8.6% in 24 hours, with open interest skyrocketing 35%. While short-term momentum and broader Bitcoin strength offer further upside potential, the long-term trend remains bearish. Analysts advise traders to exercise caution, take profits, and plan cautious exits, as the likelihood of a sustained reversal is low.