Trump Coin Price Prediction: Weak Trading Volume May Be a Warning Sign or a Perfect Setup

The price of Trump Coin has bounced back to $10.13 today, after a week of witnessing the cryptocurrency's price fall due to escalating conflict between Israel and Iran. Nevertheless, TRUMP still fell 2% in a week and 19% over the past month, while this meme token also suffered a significant loss of 86% since reaching an ATH of 73.43 dollars in January. These are concerning percentages, and what is even more alarming is that the trading volume of TRUMP is currently at a low level of 213 million dollars, down 99.4% from the peak recorded in January. Therefore, it can be argued that TRUMP is experiencing a severe fall, although low volume and liquidity may allow this currency to surge strongly if whales come in. Trump Coin price prediction: Weak trading volume may be a warning sign – or the perfect setup When looking at the chart of TRUMP, at least we can see that this currency may be about to hit the bottom, implying that a price increase may be on the horizon. Notably, the 30-period moving average (orange) formed a death cross with the 200-period moving average (blue) at the beginning of June.

We also see that the relative strength index of TRUMP (purple) has been below 50 since March 1 until the end of May, which once again indicates that a bounce back is imminent. On the other hand, the low trading volume mentioned above is a major issue and indicates a serious lack of interest in meme tokens. In fact, we have seen evidence of large traders shorting this token in recent weeks, while once whales have declined to buy back this token while purchasing other meme coins. All of these are very concerning for this currency and indicate that it is unlikely to exist for a long time. However, considering Donald Trump's self-promotion preferences, we cannot rule out the possibility that he and/or his team will announce something big to push the token price up in the coming days or weeks.

The price of Trump Coin has the potential to bounce back to $12 in the coming weeks, before surpassing $16 by the end of July. More favorable macroeconomic and political conditions will be needed to achieve this, and there also needs to be an improvement in trading volume, but it is certainly not impossible.