TRUMP Memecoin Dips 10% Amid Strong Investor Demand
Key Takeaways
- The TRUMP memecoin recently experienced a price drop of around 10%.
- Despite this, demand remains high – especially from so-called “whales” (large investors).
- A short-term pullback to around USD 13.40 is possible before a renewed upward move.
- Technical indicators show mixed signals, but the medium-term uptrend remains intact.
TRUMP Memecoin: Pullback Despite Strong Demand
The TRUMP memecoin, a cryptocurrency linked to Donald Trump, has lost around 10% of its value in recent days. However, there are signs that investors remain optimistic. The price drop followed a rally triggered by an exclusive dinner invitation for top investors. Critics described the event as “profiting from the presidency.”
Whales Continue to Show Interest
Large investors, known in the crypto scene as “whales,” have been accumulating TRUMP tokens more aggressively over the past week. This suggests confidence in the long-term outlook. The newly announced WLFI token project by the Trump-affiliated organization “World Liberty Financial,” which reportedly raised USD 1 billion in capital, could further support interest in TRUMP.
Technical Analysis: Support at USD 13.65 in Focus
After peaking at USD 17.75 in March, the price dropped to USD 9.54. The subsequent recovery led to a bullish structure on the 4-hour chart. The On-Balance Volume (OBV) indicator, which measures trading volume, rose above levels seen over the past two months – a sign of strong demand.
Currently, the price is struggling with resistance around USD 16. Rejection at the 78.6% Fibonacci level at USD 15.99 led to a decline. The Relative Strength Index (RSI), a momentum indicator, fell below the neutral 50 mark – an indication of short-term weakness.
Liquidity Zones and Potential Price Targets
According to liquidity data, key price zones are located at USD 14.00 and USD 13.40. These could be targeted in the short term. If the price finds support there, a renewed move toward USD 15.80 is possible. A sustained break below USD 13.22, however, could trigger a drop to USD 11.78.
Medium-Term Outlook Remains Positive
Despite the current correction, several factors support the continuation of the uptrend:
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- Strong demand from large investors
- Positive market structure on medium-term timeframes
- Potential new momentum from the WLFI project
However, short-term volatility is to be expected. Traders should keep an eye on support zones.
Our Assessment
Despite the recent decline, the TRUMP memecoin continues to show bullish tendencies. Technical analysis suggests a healthy correction within a broader uptrend. Those already invested should anticipate short-term pullbacks but maintain focus on the medium-term outlook. New momentum from political events or the WLFI token could add further upside potential. Caution is still advised – memecoins remain speculative.
Sources
- TradingView
- Coinglass
- Campaign Legal Center
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