#TRUMP



What Next For The Trump Meme Coin Price? Is There Any Hope For A Revival?

There is some hope for the TRUMP token as sentiment across the market is slowly improving follow the Federal Reserve FOMC meeting earlier this week and its announcement that the BPS rates will stay as they are.

This has given the market some breathing room and Poly market bettors have wagered over $6 million on the Fed killing its quantitively tightening program in May.

If this comes to pass, it will likely give the market all of the fuel it needs as liquidity will begin to trickle down into risk on assets such as crypto.

These geopolitical manoeuvrings, coupled with TRUMP breaking out of a near two-week consolidation zone could give the US President’s official meme coin the spark it needs to climb back toward previous highs.

If $10 can hold as support for TRUMP then it gives a good base for a run toward $20, the next clear resistance level. Beyond that, with the right market conditions and some fundamental catalysts for the token, a move back to previous all-time high prices isn’t out of the question.

$TRUMP has stabilized after a correction, forming a strong consolidation zone, indicating buyers are stepping in.