The price of the TRUMP meme coin has declined significantly in recent weeks, currently trading at $3.31, a 27% decrease in the past week. With the upcoming election, it is predicted to drop even further to its yearly low of $1.70. The high trading volume and decreasing price suggest that many traders are selling off their TRUMP holdings due to a lack of confidence as the election approaches. The negative Chaikin Money Flow (CMF) indicator supports the bearish sentiment, indicating strong selling pressure. TRUMP's price has also fallen below the 20-day exponential moving average, indicating a weakening short-term trend. If the current trend continues, TRUMP's price could decline by another 48% to $1.70. However, if market sentiment becomes bullish and demand for the meme coin increases, TRUMP's price could potentially rebound and rally to $11.64.



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