Trump Coin is under heavy selling pressure, with technical and fundamental signals pointing to a possible steep decline. The meme token has already crashed for two straight days and now hovers near a crucial support level. If it breaks below this line, the coin could hit a new all-time low.
Trump Coin Price Could Break Down Further
Since its launch in January, Trump Coin has fallen from $50 to $8.57. On the daily chart, it has formed a descending triangle pattern, with support sitting at $8.17. This pattern, combined with a descending trendline from late May, highlights a strong bearish setup.
The price also remains below its 50-day moving average, while momentum indicators like the bull and bear power index have slipped into negative territory. If Trump Coin breaks below $8.17, analysts expect the next target at $7.12 — about 16% lower than current levels. On the upside, a rebound above $10 would invalidate the bearish forecast.
Whale Selling and Falling Open Interest Add Pressure
Beyond the technical picture, fundamentals also point to weakness. Futures open interest plunged from $533M last week to $433M, showing fading demand in derivatives markets.
At the same time, exchange balances have surged to 130M tokens, up from 118M in June, signaling rising sell-side pressure. Whales have also cut their holdings from 5.8M in July to 4.72M today, further confirming bearish sentiment.
This decline mirrors the performance of other Trump-linked assets. Trump Media’s stock has tumbled to $17 from last year’s $55 peak, while WLFI trades at $0.22, far below its $0.32 high despite a recent token burn.
With no clear bullish catalyst in sight, Trump Coin remains vulnerable to a deeper breakdown.
