The Perilous Plummet of TRUMP: A Cautionary Tale of Memecoin Misadventures

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It is with no small measure of astonishment that we observe the Official Trump [TRUMP] memecoin languishing a staggering 95.4% from its lofty zenith. A recent report from AMBCrypto has elucidated the disconcerting discrepancy between the values of $3.57 and $4.09 on the daily chart, which offers no consolation to those who might indulge in fanciful notions of fiscal prosperity.

On the most romantic of occasions, Saturday the 14th of February, our dear TRUMP made an ambitious leap into the supply zone, reaching the modest sum of $3.64. However, like a poorly timed jest, it soon thereafter succumbed to a decline of 7.14%, trading at a rather disheartening $3.38 at the moment of this writing. Truly, one must ponder whether this unfortunate token will continue its downward spiral beneath the round-number support of $3, much like a suitor rejected at the ball.

The fateful unlocking of 6.33 TRUMP tokens may well exacerbate the burden of selling pressure upon our beleaguered memecoin, much akin to the weight of an ill-fated marriage proposal.

Adding fuel to the fire, the Trump-backed World Liberty Financial finds itself embroiled in an investigation concerning a $500 million foreign investment linked to the UAE-an affair that does little to enhance the standing of the TRUMP token in the court of public opinion.

With the specter of significant selling pressure also looming over Bitcoin [BTC], it becomes abundantly clear that the prospects for the Official Trump token remain ensconced in a prolonged descent, bereft of hopeful ascendance.

Assessing TRUMP’s Fortunes at the $3.6 Supply Zone

The daily imbalance and aforementioned supply zone have rendered swift rejection of TRUMP prices over the past three days. As highlighted in white upon the hourly chart, the structure of TRUMP has regrettably adopted a bearish demeanor following this unfortunate rejection. The Fibonacci retracement and extension levels, as illustrated, suggest a path laden with trepidation in the days to come.

The second rebuff at $3.58, the 78.6% retracement level (in a rather fetching cyan), indicates that our immediate targets lie southward at $3.07, making it a rather grim destination indeed.

Curiously, the OBV on the 1-hour timeframe does not align with this gloomy forecast. Indeed, it has been trending higher over the past week, although it has recently experienced a slight dip-one might say it is akin to a gentleman who has lost his fortitude at the first sign of adversity.

Meanwhile, the RSI’s descent below the neutral 50 suggests a shift in momentum, thus advising traders to exercise caution lest they be led astray by the deceptive movements of the OBV over the past week. For, alas, the higher timeframe bias remains resolutely bearish.

Furthermore, the current short-term price structure renders it highly plausible that our beleaguered memecoin shall tumble to $3.29 and possibly plunge to $3.07 in the imminent future. Such is the fickle nature of fortune!

Final Summary

  • Last week, the TRUMP token did attempt a valiant bounce to $3.64, surpassing the $3.58 local highs, accompanied by an OBV that had been trending higher on the 1-hour timeframe.
  • Yet, let not traders and investors be beguiled by this apparent influx of buying pressure; the long and short-term outlook remains decidedly bearish.

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2026-02-18 04:28