#ILOVE$TRUMP Is Another Run Coming After Trump Endorses His Coin?

After Donald Trump backed the meme token yesterday, TRUMP rose 8% to $11.90 in 24 hours.

Trump said on TruthSocial that he “loves” $TRUMP and that it is the “Greatest of them all.”

The market boosted TRUMP's price to $12.25, but it has subsequently plummeted 2.5%.

Although the token is up 5% in a fortnight, it is down 27% in the previous month and likely to fall further.

Trump Celebrates His Coin—Now What?

Trump sent a quick TruthSocial post praising Official Trump, calling him “so cool.” Elon Musk regularly promoted Dogecoin with jokes.

Opposition critics have slammed Trump for the appointment, with some accusing him of corruption.

Since self-promotion, TRUMP, the 53rd-largest token in the market, has outperformed the market average by a considerable margin.

The chart shows its RSI (purple) rising from 40 yesterday to 60 today, indicating momentum following a slowdown last week.

We also notice its 30-period moving average (orange) rising again toward the 200-period average (blue), suggesting the cryptocurrency may be entering a bullish phase.

The coin's volume has increased from $300 million to $1.5 billion in the last day.

Whales have been buying the coin, but one made a loss by buying and selling after Trump commented yesterday.

TRUMP is a hazardous investment, but Trump has encouraged it, so he may do it again.

This suggests that the token may see more pumps in the future, making it worth keeping if you can get it inexpensively.

It is 84% below its ATH of $73.43 and unlikely to return to this level without a major macroeconomic recovery.

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