Since its launch rally, the Official Trump (TRUMP) memecoin price has followed a major downtrend. Despite being Donald Trump’s official crypto coin, it failed amid the crypto community. Besides, the performance worsened with Trump’s tariff decisions, triggering the global crypto market crash. As the investors’ sentiments remain fearful, holders are concerned about this Trump coin’s price downfall to $5. Let’s discuss what’s coming next.
Advertisement
Advertisement
Trump Coin News: Trump Memecoin Price Crashed After Tariff Announcement
The Trump coin’s downfall is no new news, especially as it stands 85% down from its prime of $75.35. Although this token had a great start, its popularity fell as the controversies grew, including insider trading, conflicts of interest, etc.
Due to this, the Trump token is facing a continuous price downtrend. The recent Trump tariff news intensified the downtrend, and Trump memecoin price crashed 17% immediately after. Even at present, the bear’s dominance stands strong, with token trading at $9.30 and a market capitalization of $1.86B per CoinmarketCap.
Interestingly, its trading volume is up 106% to $833.24M, showcasing high investor activity. With that, a few anticipate a potential recovery, while others are concerned about further crashes.
Advertisement
Advertisement
Trump Coin Price Prediction: Will It Crash to $5?
The Trump coin’s performance has been the talk of the crypto town ever since its launch. With a 2000% rally after launch to a similar crash, the demand for this once-popular meme coin has dropped significantly.
A few investors connect Trump memecoin price performance to the 2021 meme stock craze, where it first made heavy profits for traders before bringing a nine-month straight downtrend. More importantly, the regulatory issues still stand in this token’s performance, especially considering today’s fall.
Crypto analyst Martinez’s Official Trump coin price prediction states that the token could crash to $5 if it loses the $10 support. Interestingly, the token has already declined from that level, and the subsequent support lies at $8.20 and $7.50.
If the downtrend continues below $7.50, there’s no stopping a freefall, and the Trump memecoin price will crash to $5.
However, it would require further bearish action, but the U.S. president might influence TRUMP price as he had done before.
Advertisement
Frequently Asked Questions (FAQs)
1. Why is Trump memecoin price crashing today?
The Trump memecoin price is crashing amid a broader crypto market crash after Donald Trump's new tariff implementations.
2. Will the Trump coin price ever recover?
The probability of complete recovery is low considering TRUMP's long-term bearish downtrend and poor image among investors.
3. What are the key support levels to watch?
Analysts suggest that the key support levels are $10, $8.20, and $7.50. A move below $7.50 could crash the Trump coin to $5.
✓ Share:
- TAGS
- Donald Trump
- Meme Coins
- Trump meme coins
- Trending
- Price Analysis
- John Squire Says XRP Could Spark A Wave of Early Retirements
- Binance Issues Key Announcement On StakeStone TGE; Here’s All
- Dogecoin Price To Rally 250% If This Level Holds
- Bitcoin ETF Inflows Jump to $217 Million Despite Trump Reciprocal Tariffs
- What Does US STABLE Act Mean for USD Stablecoins? Tether, Circle, Other to Benefit?
- 2 Macroeconomic Events to Watch as Bitcoin Price Holds $82K After Trump’s Liberation Day
- Bitcoin Facing Instant sell-offs, Gold Taps $3,150 All-Time High fter Trump Slammed Tariffs on India and UK
- How Will Shiba Inu Price Respond If XRP Reaches $5?
- Pi Network Price Drops Below $0.70 as Bears Push Toward All-Time Low
- Here’s When XRP Price Will Reach $20 If It Gains 15% Per Month
Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market. As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
