$TRUMP 🚨Official Trump Price Prediction As Whale Moves $32.8 Million in
$TRUMP to Binance🚨
Posting on X, tracker Lookonchain revealed that the TRUMP team has sent just over $150 million in the token to various exchanges since April 28, with each transfer preceding a drop in the Official Trump price.
Such transfers play into criticisms that TRUMP serves mainly to enrich the coin’s founders, accusations which became more heated in the buildup to a dinner for the token’s biggest holders.
And if we look at TRUMP’s chart, we see that it has declined steeply since peaking in January, with the coin actually down by 88% since this peak.
Yet because of recent declines, it has reached a strongly oversold and undervalued position, implying that it could bounce back in the near term.
For instance, its relative strength index (purple) has touched 30 and may be about to bottom out, while its MACD (orange, blue) also looks ready to recover.
Of course, things will depend on the direction of the conflict in Iran, which could escalate further if the latter retaliates against US airstrikes, which is a distinct possibility.
As of writing, it appears that oil tankers have performed u-turns in the Strait of Hormuz, which Iran may block, something that could plunge the global economy into further chaos.
If so, the Official Trump price will likely drop further in the coming days, although the medium-term picture looks more encouraging, if only because of Donald Trump’s willingness to promote his meme token.
It could therefore return to $10 by the end of July and $15 by the end of August, before ending the year at around $25.
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