The TRUMP meme coin has plunged 13% in the last 24 hours, despite Donald Trump promoting it on Truth Social. Currently trading under $20, the Solana-based token has lost 33% this week and is now down 70% from its all-time high of $75.

But is this just a buy-the-dip opportunity, or is the hype fading?
TRUMP Price Falls Below $20 Amid Heavy Selling
The TRUMP token has been hit by strong selling pressure, with its daily trading volume surging 65% to $3.4 billion as traders rush to offload it.
According to Coinglass data:

- Open interest in TRUMP dropped 13% to $720 million.
- Liquidations hit $15 million in 24 hours, with $11 million in long positions wiped out.
Despite the decline, some analysts see potential for a rebound.
Is This a Buy-the-Dip Moment?
After hitting a low of $18.75, TRUMP has bounced back to $21.09. Some traders believe this could be an entry point for investors.
- Captain Faibik, a well-known market analyst, pointed to a falling wedge pattern, which often signals a bullish reversal. He stated:
“Buying the $TRUMP dip! The falling wedge is still in play, expecting a strong bounce back.” - Edward Morra, another analyst, noted that TRUMP rebounded from key support at $20. He shared his trading strategy:
“Went a bit deeper than expected. Loaded up on TRUMP (average $21.5). Ideally, looking for a bullish reclaim above $25 for continuation.”
However, others remain skeptical about its recovery.
Donald Trump’s Promotion Backfires?
With TRUMP’s price down 70% from its peak, Donald Trump himself attempted to boost interest in the coin. On Truth Social, he posted:
🗣️ “I LOVE $TRUMP!!”

Despite this, crypto experts criticized the move. SkyBridge Capital founder Anthony Scaramucci slammed Trump’s post, stating:
TRUMP has now fallen to fourth place among meme coins, losing its third spot to PEPE Coin. Meanwhile, broader crypto markets are down following Trump’s tariff policies, which could trigger further volatility.