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MainNewsTRUMP Token ...

TRUMP Token Tanks 13% Ahead of Unlocking, Analyst Sees $8


Apr, 03, 2025
3 min read
by Parth Dubey
for Coinspeaker
TRUMP Token Tanks 13% Ahead of Unlocking, Analyst Sees $8

Coinspeaker
TRUMP Token Tanks 13% Ahead of Unlocking, Analyst Sees $8

The Official Trump TRUMP $8.88 24h volatility: 14.5% Market cap: $1.78 B Vol. 24h: $985.89 M meme token, launched with the backing of Donald Trump before his 47th US presidency, has faced a dramatic downturn, plummeting more than 13% in the past 24 hours.

At press time, TRUMP traded at $8.94, sharply down from its daily high of $10.63. The token’s staggering 118.63% increase in trading volume, now at $891.21 million, signals that sellers have taken control of the market.

Drop to $8 Price Tag

Crypto analyst Ali Martinez had warned earlier that if TRUMP failed to hold the $10 mark, a swift decline to $8 was likely.

As predicted, the token is testing the critical $8 support zone, with further losses looming if it breaks below this level. The 20-day EMA, currently sitting at $10.78, presents strong resistance to any recovery attempts.

If TRUMP loses the $8 support, the next downside targets could be the $7 and $5 levels, with $5 representing a psychological support level that could lead to some short-term buying pressure.

TRUMP Price Analysis

The TRUMP token has remained in the spotlight since its January debut, largely due to its official backing by the Trump family.

The Trump family and their associated partners have raked in nearly $100 million in trading fees from TRUMP transactions, as investors speculate manipulation behind the price drop in the past day.

The daily chart below shows that the Relative Strength Index (RSI) for the meme coin reads a value of 31.93 which means that the bears are in control of the cryptocurrency’s price trajectory.

TRUMP Token Tanks 13% Ahead of Unlocking, Analyst Sees $8

Source: TradingView

On the other hand, TRUMP’s price action has broken below the lower Bollinger Band (BB) which stood at $9.15. If bulls fail to take over here, lower prices could be likely.

April 17: A Make-or-Break Moment for TRUMP

A crucial event on April 17, 2025, could heavily impact TRUMP’s price trajectory–the first major token unlock under its vesting schedule.

Data from Messari suggests that 40 million TRUMP tokens, worth approximately $351 million, will be released, representing 20% of the current circulating supply. Historically, large token unlocks have exerted downward pressure on asset prices.

Many analysts foresee a steep decline for TRUMP in the coming weeks. Trader Kaizen announced plans to short TRUMP ahead of the unlock, predicting a potential collapse to zero.

Investors share concerns that early investors or the Trump-affiliated entities holding the unlocked tokens may opt to cash out, especially given the recent 22% price drop in the past week.

TRUMP Token Tanks 13% Ahead of Unlocking, Analyst Sees $8

Read the article at Coinspeaker

Read More

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MainNewsTRUMP Token ...

TRUMP Token Tanks 13% Ahead of Unlocking, Analyst Sees $8


Apr, 03, 2025
3 min read
by Parth Dubey
for Coinspeaker
TRUMP Token Tanks 13% Ahead of Unlocking, Analyst Sees $8

Coinspeaker
TRUMP Token Tanks 13% Ahead of Unlocking, Analyst Sees $8

The Official Trump TRUMP $8.88 24h volatility: 14.5% Market cap: $1.78 B Vol. 24h: $985.89 M meme token, launched with the backing of Donald Trump before his 47th US presidency, has faced a dramatic downturn, plummeting more than 13% in the past 24 hours.

At press time, TRUMP traded at $8.94, sharply down from its daily high of $10.63. The token’s staggering 118.63% increase in trading volume, now at $891.21 million, signals that sellers have taken control of the market.

Drop to $8 Price Tag

Crypto analyst Ali Martinez had warned earlier that if TRUMP failed to hold the $10 mark, a swift decline to $8 was likely.

As predicted, the token is testing the critical $8 support zone, with further losses looming if it breaks below this level. The 20-day EMA, currently sitting at $10.78, presents strong resistance to any recovery attempts.

If TRUMP loses the $8 support, the next downside targets could be the $7 and $5 levels, with $5 representing a psychological support level that could lead to some short-term buying pressure.

TRUMP Price Analysis

The TRUMP token has remained in the spotlight since its January debut, largely due to its official backing by the Trump family.

The Trump family and their associated partners have raked in nearly $100 million in trading fees from TRUMP transactions, as investors speculate manipulation behind the price drop in the past day.

The daily chart below shows that the Relative Strength Index (RSI) for the meme coin reads a value of 31.93 which means that the bears are in control of the cryptocurrency’s price trajectory.

TRUMP Token Tanks 13% Ahead of Unlocking, Analyst Sees $8

Source: TradingView

On the other hand, TRUMP’s price action has broken below the lower Bollinger Band (BB) which stood at $9.15. If bulls fail to take over here, lower prices could be likely.

April 17: A Make-or-Break Moment for TRUMP

A crucial event on April 17, 2025, could heavily impact TRUMP’s price trajectory–the first major token unlock under its vesting schedule.

Data from Messari suggests that 40 million TRUMP tokens, worth approximately $351 million, will be released, representing 20% of the current circulating supply. Historically, large token unlocks have exerted downward pressure on asset prices.

Many analysts foresee a steep decline for TRUMP in the coming weeks. Trader Kaizen announced plans to short TRUMP ahead of the unlock, predicting a potential collapse to zero.

Investors share concerns that early investors or the Trump-affiliated entities holding the unlocked tokens may opt to cash out, especially given the recent 22% price drop in the past week.

TRUMP Token Tanks 13% Ahead of Unlocking, Analyst Sees $8

Read the article at Coinspeaker

Read More

Donald Trump Reacts to US Stock Market Crash, The President Says This

Donald Trump Reacts to US Stock Market Crash, The President Says This

The US stock market wiped out $2.85 trillion after Liberation Day as tariffs proved c...
Apr, 04, 2025
2 min read
by Watcher.Guru
Trump Says ‘Boom’, Market Proves ‘Bust’: Tariffs Cause Massive Sell-Off

Trump Says ‘Boom’, Market Proves ‘Bust’: Tariffs Cause Massive Sell-Off

President Donald Trump expressed strong confidence in the U.S. economy Thursday, even...
Apr, 04, 2025
< 1 min read
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