{"id":41408,"date":"2025-02-03T23:00:36","date_gmt":"2025-02-03T23:00:36","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=41408"},"modified":"2025-02-03T23:00:36","modified_gmt":"2025-02-03T23:00:36","slug":"trump-coin-tanks-18-even-donald-trump-couldnt-save-it","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=41408","title":{"rendered":"TRUMP Coin Tanks 18%\u2014Even Donald Trump Couldn\u2019t Save It"},"content":{"rendered":"

Remember the TRUMP meme coin that soared to over $5 billion market value<\/a> immediately after President Donald Trump took his oath? Well, it\u2019s currently on a downtrend. It\u2019s trading slightly above $17, down nearly 18% from its previous day\u2019s close. <\/p>\n

The token\u2019s latest price action came when President Trump took matters into his own hands and shared a post about the token on Truth Social.<\/a>\n<\/p>\n

On its weekly chart, TRUMP is down 35%<\/a> and 70% from its all-time high, suggesting a bleak outlook for its holders and investors.<\/p>\n

It\u2019s Going Down For TRUMP Holders<\/strong>
\n<\/h2>\n

The broader crypto industry is in the red right now, led by Bitcoin, which has dropped to $95k. Other cryptocurrencies<\/a> are suffering in the current market, but the $TRUMP token gets special mention for its unique circumstances. <\/p>\n

It was reported that the token\u2019s crash<\/a> happened right after the President shared a post on his Truth Social account. Also, his administration has been fending off criticisms after announcing the new tariff policy.\n<\/p>\n

Immediately after the post went public, TRUMP\u2019s price dipped by more than 13%, dropping below $20. The token enjoyed a huge run two weeks ago, hitting an all-time high of $73.43. Also, data suggests that trading volume for the asset has increased by 65%, valued at $3.4 billion, as holders move to sell.\n<\/p>\n

TRUMP Is Highly Volatile, Holders Contemplate Next Move<\/strong>
\n<\/h2>\n

After hitting a low of $18.75, the token made a few gains to trade above $21. However, it is back at the $17 level, suggesting that it\u2019s currently highly volatile and testing the patience of most traders and holders.\n<\/p>\n

According to Coinglass\u2019 derivatives data, TRUMP\u2019s open interest has decreased<\/a> by over 13% to $720 million, while 24-hour liquidations have increased to over $15 million, with long liquidations totaling $11 million.<\/p>\n

For many experienced traders, the token\u2019s brief dip below $20 is a buying opportunity. Captain Faibik, a popular crypto analyst, has joined the conversations suggesting to \u201cbuy the dip.\u201d According to Faibik, the token\u2019s falling wedge is still active, and he expects a strong recovery from it.\n<\/p>\n

Buying the $TRUMP<\/a> dip!<\/p>\n

Falling wedge is still in play, expecting a strong bounce back..#Crypto<\/a> #TRUMP<\/a> #TRUMPUSDT<\/a> pic.twitter.com\/s1juQeskgY<\/a><\/p>\n

\u2014 Captain Faibik (@CryptoFaibik) February 2, 2025<\/a><\/p>\n\n

A Trump Pump And A Possible Bounce Back?<\/strong><\/p>\n

In crypto, the falling wedge often indicates a potential price breakout. Many $TRUMP holders are using this chart to argue that a surge for this token is happening soon. <\/p>\n

Crypto expert Edward Morra also shared his thoughts, saying that the token has recovered from the $20 level and predicted it\u2019s now on the way up. He admitted that $TRUMP went deeper than expected, but he shared that he bought the dip and is now looking at its bullish potential.\n<\/p>\n

Over at Truth Social, President Trump shared a post in support of his token, an obvious ploy on marketing. However, many observers criticized this move from the president, saying that the \u201cpump\u201d may soon lead to a \u201cdump\u201d.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Remember the TRUMP meme coin that soared to over $5 billion market value immediately after President Donald Trump took his oath? Well, it\u2019s currently on a downtrend. It\u2019s trading slightly above $17, down nearly 18% from its previous day\u2019s close. The token\u2019s latest price action came when President Trump took matters into his own hands […]<\/p>\n","protected":false},"author":0,"featured_media":41409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-41408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41408"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41408"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/41408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/41409"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}