Meme coin Trump: Social interaction increases, can the price keep up?

Is the meme coin TRUMP officially on the verge of a bullish breakout? Recent data shows that social activity surrounding this coin is increasing, and it may also be related to social activity surrounding President Trump. According to recent social data from LunarCrush, there has been a significant bullish sentiment towards the meme coin TRUMP in the past 24 hours. Along with this, there has been a notable increase in the number of posts about this meme coin.

The increase in social activity on this TRUMP meme coin may also be related to one of President Trump's recent posts. The president even described it as "the greatest of all."

Summary of TRUMP Meme coin price The recent increase in social activity of the meme coin has the potential to inject new life into its price movement. The price of the meme coin TRUMP has been relatively stable this month. The price has stabilized over the past 2 weeks, signaling that the meme coin has run out of selling pressure. However, both the MFI and RSI indicators have increased significantly, indicating that positive liquidity flow has returned.

The meme coin is being exchanged at $11.89 at the time of the press release, bullish $9.39 in the past 24 hours. Notably, its price has seen significant volatility during the same period. The results could be a direct response to the increase in social interaction. But can it create enough momentum for a bullish or bearish move? The spot and derivative indices indicate a sudden surge in demand. This currency has increased by 25.36% in open interest to $367.69 million in the past 24 hours. This also comes with a 320.24% increase in daily trading volume during the same period. Spot market activity has also surged. There has been 11.47 million dollars in spot trading flowing in the last 24 hours. This is the third highest daily flow rate observed since the beginning of the month.

Whale activity is also quite significant, but the net cash flow is negative as traders take advantage of short-term profits. This poses a threat to the significant bullish potential of the meme coin TRUMP. A bullish trend this week could occur if social activity around the meme coin continues to rise, potentially leading to higher demand. However, focusing on short-term profit-taking can also diminish the bullish potential of this meme coin. The former president had a significant impact on the market. However, the highly polarized nature of the recent political situation in the West may provide an opportunity to gauge whether that influence is still at play.