Key Insights:
- Crypto analyst’s bold prediction: $5 is the next support level for TRUMP coin.
- Chart analysis indicates TRUMP coin price could drop 16% to $7.30 if sentiment remains unchanged.
Amid the ongoing geopolitical tensions, the Official Trump (TRUMP) meme coin has been hit hard. During this uncertainty, the meme coin has broken through several support levels and is now poised for significant downside momentum.
Recent Performance of TRUMP Coin
According to the daily chart, the meme coin has been bleeding for weeks, consistently forming red candles and losing over 20% of its value. With the notable price decline in recent days, the TRUMP coin has lost two key support levels of $9.55 and $8.75.
At press time, TRUMP coin was trading near $8.65, having lost over 6.75% of its value in the past 24 hours. This notable price drop has garnered significant attention from traders and investors, resulting in a 70% surge in trading volume compared to the previous day.
This rising trading volume, combined with the price drop, suggests strong downward pressure on the asset and indicates that the bearish streak may continue in the coming days. Additionally, it is a bearish sign for TRUMP holders.
Investor Activity and Market Sentiment
Given the current market sentiment, several posts on X (formerly Twitter) have surfaced from experts and analysts. Some appear to be accumulating, others are dumping their holdings, while a few are making bold predictions, all of which have been garnering significant attention from crypto enthusiasts.
In a post on X, a crypto expert noted that a wallet is potentially linked to the Trump team had just dumped 3.527 million TRUMP meme coins worth $32.8 million. This substantial dump was recorded on Binance, the world’s largest cryptocurrency exchange.
In addition to the dump, a blockchain-based transaction tracker, Onchain Lens, made a post on X noting that a crypto whale seized the recent dip as an opportunity, by withdrawing TRUMP tokens.
According to the post, the whale withdrew 260,932 TRUMP coins worth $2.35 million from the Gate exchange. With this accumulation, the whale’s total TRUMP holdings have risen to 818,322 TRUMP coins worth $7.09 million. However, the token holder is currently facing a loss of $1.62 million as the price continues to drop.
In the past 19 hours, a whale withdrew 260,932 $TRUMP worth $2.35M from #Gate.
The whale has hold 818,322 $TRUMP worth $7.09M, facing a loss of $1.62M.
Address:DwfUHQSRYc6aHMRu1b3tQRTHdCC9iBDMP27m3tYnkQz5 pic.twitter.com/C8JLg8DePm
— Onchain Lens (@OnchainLens) June 22, 2025
Bold Predictions and Technical Setup
Despite the ongoing accumulations and offloading, a crypto analyst made a bold prediction in a post on X. The analyst noted, “$5 is the next support level for the TRUMP meme coin.”
-$5 is next support level pic.twitter.com/zaYFLzI6dw
— TraderSZ (@trader1sz) June 22, 2025
According to expert technical analysis, the TRUMP coin appears bearish and is poised for a significant price drop.
On the daily chart, the asset has lost one of its most recent support levels at $8.75. Following this breakdown, the meme coin has opened the path for further downside momentum.
Based on recent price action and historical patterns, if the current market sentiment remains unchanged, there is a strong possibility that TRUMP could continue its downside momentum and experience a 16% price drop, potentially reaching the $7.30 level.
On the other hand, if the sentiment shifts and the TRUMP coin reclaims the $8.75 level, it could be a reversal signal. If this happens, there is a strong possibility that the meme coin could see a price reversal and gain upside momentum.
$5.50 Worth of TRUMP Leave Exchanges
Looking at the current market sentiment, it appears that investors and long-term holders are accumulating TRUMP coins, as reported by the on-chain analytics tool Coinglass.
Data from spot inflow/outflow reveals that a notable $5.49 million worth of TRUMP has left exchanges in the past 24 hours.
Such significant outflow of tokens from exchanges suggests potential accumulation by investors and long-term holders, which can reduce selling pressure and is typically considered a bullish sign for TRUMP holders.
