$TRUMP : The easiest thing to misread about this chart isn’t that it’s still -97.43% from its ATH, but that the sideways action around 1.88 means it has found a floor. Look at the past 30 days: on September 22 and 23, the price surged to 2.18 and 2.24, with daily trading volumes of 348M and 353M. On October 11, the price was 1.89, while volume had fallen to just 84M. The price is down about 16%, and volume has dropped by more than 70%. This doesn’t mean the price can’t fall any further—it means nobody is willing to step in and buy at this level.
A market cap of 531 million and a rank of 114 show that it’s still alive, but only just. The repeated moves around 2.0–2.1 from late September to early October left plenty of holders underwater. Now that the price is hovering around 1.88, every move up needs real buying power to help them break even. What matters more to me is that a price stabilizing on low volume doesn’t confirm a bottom; it only shows that both bulls and bears are waiting for a signal.
So instead of arguing over whether $TRUMP is going to zero or bounce back, let the bulls and bears watch the same number: can 24-hour trading volume get back above 150M over the next few trading days? A surge in volume alongside a recovery above 2.0 would validate the bulls’ case; a surge in volume alongside a drop below 1.80 would validate the bears’ case. If volume stays below 100M, then whether you’re bullish or bearish, you’re just guessing. At this level, do you think buyers are absent—or sellers are exhausted?
A market cap of 531 million and a rank of 114 show that it’s still alive, but only just. The repeated moves around 2.0–2.1 from late September to early October left plenty of holders underwater. Now that the price is hovering around 1.88, every move up needs real buying power to help them break even. What matters more to me is that a price stabilizing on low volume doesn’t confirm a bottom; it only shows that both bulls and bears are waiting for a signal.
So instead of arguing over whether $TRUMP is going to zero or bounce back, let the bulls and bears watch the same number: can 24-hour trading volume get back above 150M over the next few trading days? A surge in volume alongside a recovery above 2.0 would validate the bulls’ case; a surge in volume alongside a drop below 1.80 would validate the bears’ case. If volume stays below 100M, then whether you’re bullish or bearish, you’re just guessing. At this level, do you think buyers are absent—or sellers are exhausted?