Deep Dive
1. Post-Campaign Refund Pressure (Bearish Impact)
Overview: RACA began processing refunds on 22 July 2025 after ending a Trump campaign-related initiative, per a Cointelegraph report. While the event occurred two months ago, its execution phase may have recently accelerated, prompting holders to liquidate refunded tokens.
What this means: Refund programs often create immediate sell pressure as recipients convert tokens to stablecoins or other assets. With RACA’s 24h volume at $4.58M (-42.46%), even modest selling could disproportionately impact price.
What to watch: Token burn or buyback announcements to counterbalance refund-related supply increases.
2. Technical Breakdown (Mixed Impact)
Overview: RACA trades at $0.0000547, below the 50% Fibonacci retracement level ($0.000060271) from its July swing high ($0.000068806). The MACD histogram (-0.0000002004) confirms bearish momentum, though RSI 14 (49.49) suggests no extreme oversold conditions.
What this means: Failure to reclaim $0.000060271 reinforces bearish sentiment, but neutral RSI leaves room for consolidation. The 200-day SMA ($0.000070252) looms 28% above current price as a distant resistance target.
3. Altcoin Liquidity Drain (Bearish Impact)
Overview: Bitcoin dominance rose to 58.08% (+0.31% daily), reflecting capital rotation away from alts. RACA’s 24h turnover ratio (0.203) signals thin liquidity, typical of micro-cap tokens, exacerbating downside moves during market-wide risk-off shifts.
What this means: Traders prioritizing BTC amid neutral market sentiment (Fear & Greed Index: 43) reduce buy-side support for RACA, magnifying the impact of minor sell orders.
Conclusion
RACA’s dip reflects lingering fallout from its campaign partnership unwind, technical resistance, and altcoin-sector headwinds. While refund-related selling may subside, low liquidity and BTC dominance trends pose ongoing risks.
Key watch: Can RACA hold above its 7-day SMA ($0.000054043) to prevent a retest of the 30-day low ($0.000051735)?