Official Trump Meme Coin Price Prediction – Will $TRUMP Surge Back to $20?

The $TRUMP meme coin has experienced a notable rebound, rising to around $17 and sparking interest in its potential recovery. On-chain data suggests that while a return above $20 and even a partial recovery to $30 remains a possibility, several challenges persist.

The coin’s market capitalization currently stands at approximately $3.48 billion, with a circulating supply of 200 million out of a total 1 billion coins. The trading volume data reflects the declining enthusiasm for the Official Trump token.

Initially, the launch saw an explosion of trading activity, but since then, the volume has gradually tapered off, now sitting at just $1 million per day compared to its peak of $30 million daily. This decline is also evident in cumulative volume trends, which have flattened after an initial surge.

The absence of strong retail participation raises concerns that the remaining volume could be primarily driven by artificial trading, such as market makers and bots. Despite the earlier surge that propelled the coin to an all-time high of $65-$70, the price trajectory has since trended downward.

While the presence of buyers remains evident across different time frames, there is little indication of significant organic retail volume entering the market.

Many large holders, including exchanges such as Binance, Gate.io, and Kraken, maintain significant portions of the token’s supply, while various unidentified wallets also control substantial amounts. This concentration of supply among a few major holders introduces the risk of sell-offs that could further suppress price growth.

Another crucial factor affecting the token’s performance is the upcoming release of additional tokens in three months. This increase in supply could lead to more selling pressure, potentially diluting the value of each coin.

$TRUMP Meme Coin Price Prediction

There is optimism surrounding the coin’s ability to rally, with a clear consolidation range between $20 and $16.5, indicating a possible breakout if it crosses the $20 resistance level.

Technical indicators and volume will play a significant role in confirming this potential rally, with expectations that the price could rise to $22.5, $24, or even higher. The next couple of months are crucial, as most of the tokens are set to be unlocked within the next 71 days, which could trigger additional movement.

However, without confirmation of a breakout, the coin could continue to consolidate or even experience a drop to lower levels, such as $12.5, before any significant rally. Interested investors can check out our guide on how to buy $TRUMP coin here.

Patience is key, with the advice to wait for confirmation before making any moves in the market. Keeping an eye on volume and technical levels is essential for understanding the coin’s direction in the coming weeks.

Conclusion

Overall, the Official Trump meme coin faces an uncertain future, with decreasing holder engagement and dwindling trading activity. While price rebounds are possible, particularly with artificial market-making strategies, the absence of strong retail demand and the looming token unlock event raise concerns about sustained growth.

A break above $20 is necessary for bullish momentum to return, but without a resurgence of interest and volume, the path to recovery remains challenging.

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