$TRUMP

🚨Official Trump Coin in Hot Waters, TRUMP Price Drops below $9 – What’s Next?🚨

If we look at TRUMP’s chart today, we see that it continues to struggle for momentum, with its indicators mostly flatlining.

Most notably, its MACD (orange, blue) – a comparison of its short- and long-term averages – has been hovering around the baseline since late May.

This signals a pronounced lack of trading activity and demand for the token, which has also seen its relative strength index (yellow) hover below 50 for most of the past three months.

Meanwhile, TRUMP’s 24-hour trading volume has more or less fallen off a cliff, from an incredible $36 billion in January to only $300 million.

This is a 99% decline, indicating the steep drop-off in interest in TRUMP, which some of the President’s critics have labelled as a ‘bribery scheme.’

As such, TRUMP isn’t in a very good position right now, yet there is some hope that it could enjoy a rebound soon.

For one, the chart above highlights how the TRUMP price has been trading within a narrowing band over the past few months, something which could soon lead to a breakout.

At the same time, there appears to be some institutional interest in the token, with Canary Capital recently filing to launch a TRUMP ETF.

Assuming that this application is successful, the TRUMP price could potentially rebound to $20 by Q4, and $40 by the end of the year.

But if it isn’t, it’s possible that the coin will continue declining.

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