With the last minute announcement we shared on March 12, the price increased by approximately 10 percent, but it was clear that more was possible. During the previous gala dinner, we talked about how the process works and warned about this. So how should we evaluate the rise of Trump Coin? Are investors late?
Trump Coin Rise
biggest Trump Coin whales The gala dinner to be held in April for was announced yesterday. We shared this last minute and mentioned that the price may continue to rise until the gala dinner date.
The price, which jumped to $3 with the announcement, retreated to the $2.9 base and started to rise again today. Reaching the target of $4.5 and gaining 55% daily profit TrumpCoin This trapped those who were ostensibly expecting bigger bottoms after a long decline. Although $ 3.75 is the base for now, it is possible that we will see new peaks in the coming days.
The scenario here will probably be similar to the previous gala dinner. Since there is still a long time until the meal date, volatility will be high and the price will fluctuate within a wide range. However, what is almost certain is that investors will start selling when the gala dinner time arrives. In order to join the meal, those who bought because it will rise will want to quickly take a seller position and reduce the price by double digits by taking advantage of shallow liquidity when the gala time comes.
If those who want to turn the decline period into an opportunity accumulate their short selling positions excessively, there may be an increase in a round of short liquidation, but when the event cools down, Trump Coin will probably return to $ 3 levels.
Trump Coin Price Target
As we move towards the end of the year, Trump’s potential to lose the midterm elections will become more pronounced. If Trump does not take rapid and major steps to convince the voters, his chances of winning the elections in an environment where interest rates are high and a long-term war with Iran is very slim. of this situation in Trump Coin The response is likely to be a further decline.
However, with the excitement of this year’s gala, it is possible that Trump Coin will gain $ 4 as support and test the $ 4.7 and $ 5.75 bands before April 25. If general market sentiment remains supportive and the Iran war is resolved by April 25, we could see a larger peak at $9.65 on or around the premiere week, depending on the mood of speculators.
If we put together the reasons such as Trump’s disadvantage in today’s conditions in the midterm elections, future sales after the gala, and the delay in interest rate cuts, it would not be surprising to see a candle below 2.8 dollars this year, filling the lower wick at 1.5 dollars.
