- TRUMP token drops 11% in 24 hours, hitting a new all-time low of $14.29.
- Traders are betting against it, as funding rates hit their lowest levels since mid-January.
- If TRUMP doesn’t reclaim $19.58, further drops below $10 could trigger mass liquidations.
- Bearish market sentiment dominates, with no clear signs of a rebound.
The TRUMP cryptocurrency is taking a serious beating, hitting its lowest price ever as investors react to rising economic tensions. Over the past 24 hours, the token has plunged 11% to $14.29, wiping out most of its recent gains.
Now I have lost hope from $TRUMP meme coin. I did not expect it to perform so bad especially after TRUMP took charge as the President of the United States. What better opportunity could there be for this meme coin to be trading at $1000 right now instead of $15.6? This is absurd… pic.twitter.com/HyHdAdyeVC
— Nabeel Khan (@Nabeel_khan100) February 10, 2025
At the heart of this crash is President Trump’s aggressive tariff policies, which have rattled global markets. The uncertainty has pushed traders to short TRUMP instead of betting on a recovery, fueling even more downside pressure.
Traders Are Betting Against TRUMP
Investor confidence is fading fast, with funding rates for TRUMP hitting their lowest levels in weeks. This means traders are overwhelmingly taking short positions, expecting prices to drop further.
With few buyers stepping in, selling pressure remains strong, keeping TRUMP in a downward spiral.
$TRUMP coin update
— Grey BTC (@greybtc) February 9, 2025
do you think it will come back? pic.twitter.com/ImKf9jh0m8
Technical signals aren’t helping either:
- The Relative Strength Index (RSI) is stuck below 50, confirming the bearish trend.
- Momentum is weakening, making it harder for TRUMP to bounce back.
- No signs of a reversal yet, meaning the downtrend is likely to continue.
Simply put, investors aren’t convinced that TRUMP will recover anytime soon.
Will TRUMP Fall Below $10?
With TRUMP losing the crucial $16.00 support level, analysts warn that things could get worse.
If the price keeps dropping, the next major support sits at $10. A break below this could trigger massive liquidations, pushing TRUMP even lower.
🔴 Worst-case scenario: TRUMP tumbles into single-digit territory, erasing almost all of its value since launch.
🔵 Best-case scenario: Buyers step in, TRUMP reclaims $19.58, and a recovery toward $26 becomes possible.
However, given the current market conditions, a strong comeback seems unlikely unless a major catalyst shifts sentiment.
For now, TRUMP remains under pressure, and traders are bracing for more volatility ahead.
