Trump Coin Price Prediction: The Silence After Dinner Makes Traders Worry

Trump Coin has remained stable over the past 24 hours, holding at $12.82 as the crypto market fell by 1.5% today. The price of TRUMP has been on a downward trend since President Donald Trump hosted a dinner for 220 of the largest holders of this coin on May 22, causing the coin to drop by 2% in a week and 13.5%. In fact, the price of Trump Coin has fallen 82.5% since it reached an ATH of $73.43 on January 19, a day before Trump's inauguration. But considering the President's self-promotional tendencies, it is still likely that this coin will witness several more price surges in the coming months, even if its long-term trajectory does not seem very promising. Price Prediction for Trump Coin: The Silence After Dinner Worries Traders – Is Something About to Happen? When looking at the TRUMP chart today, we see that the price of this stock is not far from the bottom anymore. For example, the 30-period moving average ( orange ) is about to fall below the 200-period moving average ( blue ), signaling a sell-off paving the way for a new rally.

Similarly, the relative strength index of TRUMP (purple) has fallen below 50 in recent days and seems to be on track to drop to 30 or lower.

Once again, this indicates the possibility of further losses in the coming days, while also implying that a recovery is ahead. The trading volume of Trump Coin has significantly fallen in recent days, with today's $560 million being the lowest since mid-April. This shows that interest in this token has fallen since the aforementioned dinner ended on May 22, attended by people like Justin Sun of Tron and former NBA player Lamar Odom. The price of Trump Coin is likely to fall to $12 in the coming days, but the fact that this coin is backed by Donald Trump will help it rise again. While Trump's involvement in the meme coin has attracted fierce criticism from his opponents, it also means that it may be launched many more times in the future. Therefore, in the medium term, we can expect more price increases, with Trump Coin potentially reaching 20 dollars by the end of Q3.