Bitunix analyst: Trump impeachment storm hits, TRUMP coin soars to $15.42, 14.0-14.5 short-term support range

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On April 28th, Democratic Senator Jon Ossoff called Trump's invitation to TRUMP meme coin holders for a Washington dinner a "impeachable offense", and he will push the House to initiate impeachment proceedings, but the passage is extremely difficult due to the Republican control of Congress. The market has once again fallen into political risk concerns. Meanwhile, TRUMP coin surged about 16% in the short term after the official announcement of dinner details, reaching a high of $16.17 and market capitalization climbing to $2.6 billion, before falling back to around $14.50.

Bitunix analysts suggest that Jon Ossoff's impeachment proposal and TRUMP coin dinner benefits create a double attack, causing TRUMP to experience intense short-term volatility. If believing in the dinner's value, one can focus on the support zone of $14.0-$14.5 and prepare for risk management. Invest rationally, strictly adhere to stop-loss strategies, and closely monitor impeachment developments and official dinner execution details, as sudden political risks may instantly change market sentiment.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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