Trump Coin Could Explode to $100 or Crash to $10. Here is Why

It hailed as the meme coin set to take over the market, skyrocketed to a jaw-dropping $75.35 shortly after launch only to plummet. 

Now, with a recent 16% surge, you might be wondering, Is this the start of a massive comeback, or just another bull trap?

With its price around $17 and strong resistance at $20, Trump Coin is at a make-or-break moment. 

Will it reclaim its former glory and surge past $50, or will it collapse under pressure and sink to $10? Let’s break down the key factors shaping its next big move.

When Trump Coin first entered the market, it arrived at a time when anticipation was at its peak. 

The cryptocurrency community was buzzing, not just because of Trump’s pro-crypto stance, but because it came just before he took office as president.

In those early days, TRUMP Coin seemed unstoppable. It was even listed on major exchanges like Binance and Coinbase, and for a brief moment, it surpassed Shiba Inu, one of the biggest meme coins at the time, by market cap. 

The meme coin was riding high, claiming a spot as the fourth-largest meme coin, only trailing behind the likes of DOGE, SHIB, and PEPE.

However, the excitement surrounding Trump Coin began to fade when the broader crypto market hit a rough patch. 

Bitcoin’s dramatic dip to $91,000 sent shockwaves and TRUMP Coin, which was largely fueled by speculative momentum, found itself sinking alongside the broader market.

By January 30, trading fees had spiked to a range of $86 million to $100 million, a testament to its still-strong appeal. 

But behind the numbers, the reality was clear: many small investors, particularly the 200,000 crypto wallets holding TRUMP, saw their investments suffer.

Despite the setbacks, TRUMP Coin’s recent performance has shown signs of recovery. In the past 24 hours alone, it has climbed by 16%, reaching a price of $20.

This marks a significant bounce from the $16 range it had recently fallen to. However, the coin is still a far cry from its all-time high. 

At 75% below its peak, the coin’s future is uncertain, and it will need more than just optimism to continue climbing.

Currently priced at $17, Trump Coin has a market cap of $3.76 billion and a daily trading volume of $2.44 billion. These figures indicate that the coin still has a strong presence in the market, but it also underscores the challenges it faces.

While the coin’s technical indicators point to a slightly bullish trend, the market remains in a neutral zone, with no clear direction emerging.

For those watching closely, the 4-hour technical indicators paint a cautiously optimistic picture. The MACD line, which is above the signal line, hints at positive sentiment, while the relative strength index (RSI) of 47 suggests steady capital flow.

However, the market’s neutral position means that Trump Coin will need a significant catalyst to truly break free from its bearish hold and head towards a stronger bullish run.

What’s Next for Trump Coin?

To make a full recovery and potentially reach its former highs, Trump Coin will need to maintain its momentum and break certain key levels. If it can stabilize above $18 and push past the $20 mark, it could see a rally toward $25.

From there, the next hurdle would be a resistance at $30, followed by the highly speculative target of $50. 

These milestones are achievable, but only if external factors, such as Trump’s continued involvement or broader crypto market improvements, play in its favor.

On the flip side, there’s still a strong rejection at the $20 level, meaning $18 has become a crucial support level for the coin. 

If TRUMP Coin fails to maintain that threshold, it could see further declines, possibly dropping to $15 or even $10 in the worst-case scenario.

The future of Trump Coin remains uncertain, caught in the delicate balance between market trends and external events. 

While the recent uptick in price offers a glimmer of hope, the coin still faces significant challenges ahead.

Without an external catalyst to drive its recovery, it may continue to struggle below $20, leaving many wondering if Trump Coin will ever reclaim the highs it once saw. 

However, in the world of meme coins, anything is possible, and the next few weeks could prove crucial in determining its fate. So stay alert

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