Trump Memecoin Price Crashes 17% After Tariff Announcements, Will it Drop to $5?
Highlights
- Trump memecoin price crash intensified with Donald Trump's new tariff announcement.
- With a 17% crash, the Trump coin price stands at the bridge to crash to $5.
- Experts believe that if the token loses key support, it may crash to $5, but Trump may also influence his token's price.
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.
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.
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.
Frequently Asked Questions (FAQs)
1. Why is Trump memecoin price crashing today?
2. Will the Trump coin price ever recover?
3. What are the key support levels to watch?
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