The TRUMP meme coin, launched by former U.S. President Donald Trump via his Truth Social platform, made an explosive entry into the market. It soared to $75 within a day but has since plummeted, now trading below $30.
Rapid Rise and Sudden Fall
At launch, supporters were encouraged to claim $TRUMP tokens through GetTrumpMemes.com, driving its rapid price increase. However, the excitement was short-lived, and the token’s value sharply declined in the following weeks.
Price Movement and Market Analysis
Crypto analyst IncomeSharks highlighted the token’s steep drop. After reaching its peak of $75, $TRUMP fell below $30 on January 25, 2025. Currently, it hovers around this level, which could act as a potential support zone. Analysts suggest market sentiment and trading activity will determine its next move.
Current Market Data
As of now, the TRUMP meme coin price stands at:
- Current Price: $28.00
- 24-Hour Change: -18.91%
- Trading Volume: $4.07 billion (-32.24%)
- Market Cap: $5.59 billion
Support Levels and Future Outlook
Despite the current downtrend, some analysts see potential for a comeback. Market expert Cryptobull identified a “double bottom” pattern on the price chart, which often signals a possible reversal.
According to Cryptobull, if $TRUMP stabilizes around the $38 level, it could establish a consolidation phase. This support could pave the way for a recovery, but much depends on renewed investor interest and overall market conditions.
Conclusion
The TRUMP meme coin has experienced significant volatility since its launch. While it faces bearish pressure, technical indicators suggest a potential recovery if critical support levels hold. Investors are closely monitoring market sentiment for signs of a turnaround.
