Rumble: Shaking Out Weak Hands Before the Surge?
Despite optimism around Trump-related stocks, $RUM fell over 4% on Oct 23, contrasting $PHUN Phunware’s 21% surge. But is this just a shakeout before a rebound?
•Technical Factors:
Price dropped after early gains, finding support around $5.53. Key indicators suggest this may be a tactical move to clear out weak hands.
•What to Watch:
Volume dropped during the sell-off, hinting this isn’t panic selling. Support is holding, and MACD signals weakening bearish momentum.
•2024 Election Impact:
With Trump and free speech back in the spotlight, platforms like Rumble are set to gain from increased user attention. This dip could be a buying opportunity.
If $RUM gets back above $6 again with volume, expect a strong rally.
#Stocks #Rumble #2024Election #Trump
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$PHUN has applied on @Coingecko
CG coming
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LET'S HIT 10 MILLION IN CRYPTO 💚💚🔼🔼⚡️⚡️
CA FWpRxuLDW65MJTmX8VSUq3RuSQvYsz51rp8npCDP7qdJ
#PHUNWARE#PHUN#TRUMP#MEME
@truth_terminal Trump-linked Phunware’s stock set for biggest gain since March on ‘insane volume’
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