Trump Coin Price Prediction: $500M Flood Suggests Political Catalyst Could Be Days Away

Trump Coin (TRUMP) is trading at $12.48 today, holding relatively steady despite broader market weakness that’s seen most major tokens dip.

While TRUMP remains down 19% in the past week and 9% over the past month — and still 73% below its all-time high of $73.43 — recent developments suggest a potential reversal.

Trump Media’s alleged plan to raise $2.5 billion to stockpile Bitcoin (BTC) has reignited speculative interest, helping daily trading volumes climb back to $500 million.

If this momentum builds, the Trump Coin price could be preparing for a recovery — with analysts watching key levels in their latest Trump Coin price prediction.

TRUMP’s chart today indicates that the token may actually drop further in the next few days, before rebounding at some point next week.

Its indicators show a loss of momentum this week, with its 30-period average (orange) about to fall below the 200-period average (blue), forming a ‘death cross’ that can signal further losses or even a big dump.

At the same time, TRUMP’s relative strength index (purple) has fallen from nearly 70 last week to 40 today, and its trajectory is still downwards.

It will therefore be interesting to see whether its current support level (green) can prevent further losses in the near term, although a slight rise in trading volume today does appear to hold out hope of a quick turnaround.

Volume has risen just above $500 million, suggesting a lift in demand, potentially as insiders or other large traders buy more of the coin in anticipation of some positive Trump-related news.

However, to put things in some context, TRUMP’s trading volume was as high as $2.2 billion a week ago, as traders bought the coin ahead of the official dinner for token holders.

A $TRUMP whale made $1.4M on $moonpig with only $7,619, an 181x return!

On Apr 5, a whale created a new wallet "4ZYMAa" and spent $1M to buy $TRUMP.

Then on May 2, he spent 600 $TRUMP($7,619) to buy 16.44M $moonpig — now worth $1.4M.

2 hours ago, he sold all his $TRUMP for a… pic.twitter.com/fXK7vBc84Y

Now that this dinner has been and gone, the coin’s market has simmered down, with the news of the aforementioned Trump Media BTC reserve not really having a significant impact on the token’s price.

Yet this may change in the future, since as the gradual expansion of the Trump crypto empire may only be a good thing for the Trump Coin price.

The second half of the year could therefore be very bullish for TRUMP, which could reach $20 by Q3, and then $50 by Q4.

If TRUMP is a little too risky for some traders, they may prefer to invest in newer coins with more utility.

Utility is not something that every or even most new alts have, but there are some recent examples of new coins that are showing real promise.

One of these is Snorter (SNORT), a Solana- and Ethereum-based token that comes with its own helpful trading bot.

Snorter has only just opened the presale for SNORT, yet it has already raised in excess of $150,000, an early sign of how big it could become.

What sets Snorter part from existing trading bots is that it has been designed specifically for sniping, so that investors can trade ahead of the market and potentially make bigger profits.

As such, it will enable automated trades, limit orders, MEV-resistant token swaps, copy trading, and protection against rugpulls.

It’s highly comprehensive and efficient, with the SNORT token providing numerous benefits to holders, including lower fees, higher staking yields and community rewards.

While its presale has only just begun, interest investors should act quickly, since its presale price will rise every few days.

They can join SNORT’s sale at the Snorter website, where the token currently costs $0.0935.

The post Trump Coin Price Prediction: $500M Flood Suggests Political Catalyst Could Be Days Away appeared first on Cryptonews.