Deep Dive
1. Refund Initiative (Bearish Impact)
Overview: RACA announced refunds on 22 July 2025 for a Trump campaign partnership that ended abruptly, allowing investors to reclaim assets.
What this means: The refund process likely increased selling pressure as participants liquidated returned tokens. Combined with fading hype around the political collaboration, this eroded confidence in RACA’s short-term utility, exacerbating the downtrend.
What to look out for: Sustained outflows from RACA’s treasury or further partnership cancellations.
2. Technical Breakdown (Bearish)
Overview: RACA broke below the 23.6% Fibonacci retracement level ($0.0000598), a critical support zone. The 30-day SMA ($0.0000565) now acts as resistance, while the RSI (44.92) shows weakening momentum.
What this means: Technical traders may interpret the breakdown as a signal to exit positions, risking a slide toward the next support at $0.000052 (July 2025 low). Low turnover (0.18) suggests thin liquidity could amplify volatility.
What to look out for: A close above $0.0000545 (pivot point) to invalidate bearish structure.
Conclusion
RACA’s decline reflects fading hype around its Trump campaign ties and bearish technical triggers. While the broader altcoin market shows signs of rotation, RACA’s project-specific risks dominate.
Key watch: Can RACA hold the $0.000052 support zone, or will refund-related sell-offs deepen losses?