- $TRUMP token surged to $75 but now struggles below $30 after rapid decline.
- Analysts see $30 as a key support level, with potential for price stabilization.
- Despite current decline, $TRUMP may recover if it holds support near $38.
The $TRUMP meme coin, launched by U.S. President Donald Trump via his Truth Social platform, saw an explosive debut, reaching $75 within a day. However, the hype faded, and the token now trades below $30.
During the launch, supporters were encouraged to claim $TRUMP tokens through GetTrumpMemes.com, which helped fuel its rapid rise. Yet, the surge was short-lived, with prices falling sharply in subsequent weeks.
Related: TRUMP Meme Coin Hits $75B FDV as CZ Shuts Down Meme Coin Speculation
Price Movement and Analyst Insight
Crypto analyst IncomeSharks shared insights on $TRUMP’s recent price action, highlighting its steep drop. After peaking at $75, the token slipped below $30 on January 25, 2025, entering what appears to be a correction phase.
IncomeSharks noted that $TRUMP has been hovering around the $30 mark, suggesting it might act as a support level. This could indicate a turning point, depending on market sentiment and trading activity.
Related: $TRUMP Stalls, $MELANIA Sinks—Smart Altcoins Eye the Crown
Current Market Data
At the time of writing:
- Current Price: $28.00
- 24-Hour Change: -18.91%
- Trading Volume: $4.07 billion (-32.24%)
- Market Cap: $5.59 billion
This sharp decline in price and trading activity reflects growing market pressure, with $TRUMP’s valuation dropping from $34.39 to $28.00 in a single day.
Support Levels and Analyst Predictions
Despite the bearish momentum, some analysts see potential for recovery. Cryptobull, another market expert, observed a “double bottom” pattern on the price chart, a signal that often hints at a possible reversal.
Cryptobull suggests that $TRUMP could stabilize around the $38 level, forming a consolidation zone. If the token holds this support, it may pave the way for recovery. However, its future trajectory depends heavily on market sentiment and renewed buying interest.
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