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Trump Coin (Trump), the official meme coin for US President Donald Trump, continues to fall on Friday, with chart analysis showing strong potential for ongoing downsides.
Trump was the last time he traded a nearly $7.70 deal, close to its lowest level since its launch in January.
The Trump organization launched Trump’s official coin in late January just before Trump took office.
According to the first hype, Meme Coin Surge will have a price of over $70 and a market capitalization of $1 billion.
However, since then, Memecoin has turned around nearly 90% low. This is because the launch of Trump Coin has inhaled a lot of liquidity from the broader meme coin market, which has been declining sharply since the launch of tokens.
That’s also because the macro background has gotten even worse, with risky assets like stocks and crypto being assaulted due to concerns about economic fallout from Trump’s trade war.
But Trump Coin’s prices are also likely to suffer from intense amounts of criticism and concerns about potentially unfair talknomics.
The sudden decline from highs after launch appears typical of the “pump and dump” scheme, a common type of scam in crypto.
Meanwhile, the talk gnome distribution of memecoin is unfair, with concerns that the Trump organization has given 80% of the overall supply of tokens.
These tokens were unlocked on Friday, with 4% of the supply worth around $300 million, and are granted for release over the next three years.
I had a $300 million unlock today, and after that I unlocked it every day. $Trambling The token is that day. pic.twitter.com/3qdi4qlreu
– Chris
(@chriscoffeeeth) April 18, 2025
Where is the next card coin? This is what the chart says
Fundamentals are now drawing difficult pictures for Trump coins. Without a significant improvement in the sentiment of the broader crypto market, memecoin is unlikely to go anywhere fast.
Chart analysis also draws bearish pictures of Trump Coin. Trump has been continuously discovering resistance at 21DMA in recent months, and appears to be stuck on a downward trending channel.
If the current trend continues, Trump could fall to around $5 by the end of the month.
However, there is a possibility that a significant rebound will be postponed at this point. If memecoin breaks past the recent downtrend and 21DMA, there could be a rapid rally of over $10.
Still, Trump’s rally could remain short-lived and shallow, as macroeconomic uncertainty remains high.
Savvy investors will now curb crypto prices as an opportunity to use and accumulate current high levels of uncertainty in the market.
However, concerns about the reliability of Trump Meme Coin suggest that it may not be the best code to buy now.
Coins like Bitcoin, Ethereum and Solana are likely to bring great profits by the end of Trump’s four-year term, and are far safer bets than Trump Coin.
That said, this is a code, and Trump is the largest name in the world. Trump Coin was always able to surprise everyone with a massive comeback.
A new record high to a 10x rally is also possible, as it fell 90% from the recent high.
Post Trump Coin (Trump) Analysis: What the Chart says (bearish!) first appeared on Cryptonews.
