Trump Coin Plummets to $11 Amid Bearish Trend and Uncertain Future

Trump Coin, a cryptocurrency inspired by former U.S. President Donald Trump, has seen a tumultuous journey since its inception. Initially launched as a memecoin to rally crypto users around Trump, it experienced a meteoric rise from mere cents to an all-time high of $73. However, the hype was short-lived, and the token has since plummeted to around $11, raising concerns among investors about its long-term viability.

The decline of Trump Coin is not an isolated incident. Other Trump-themed cryptocurrencies, such as Melania Coin, have followed a similar trajectory. Melania Coin, introduced to sustain momentum, jumped from a few cents to a peak of $14 before crashing down to its current price of just $0.74. This trend suggests that Trump-themed tokens may struggle to maintain long-term value without sustained community support and active engagement.

The current trend for Trump Coin remains bearish, with no indications of an imminent recovery. The only potential catalyst for a price surge would be a viral meme moment featuring Trump or another celebrity promoting the coin. Without strong community backing and active engagement, the token is likely to continue its downward trajectory. Memecoins rely heavily on active support from their creators and communities, and Trump himself appears to have treated the project as a one-time stunt. His recent comments suggest that he has no plans to revive or promote the coin, leaving its future uncertain.

Despite the bearish trend, there are some technical indicators that suggest a possible shift in momentum. The Relative Strength Index (RSI) is at 35.84, approaching the oversold region (30). This shows that sellers may be losing strength, and buyers could soon step in. Additionally, the price remains below key moving averages, signaling that short-term sentiment is still weak, but a move above resistance could flip momentum. If the TRUMP price holds the $12.00 support, it could initiate a rebound toward $14.50–$15.00. However, a break below $12.00 might lead to further declines, with $11.00 as the next key support. The $12.00 support level remains a key area to watch. If buyers defend this level, it could potentially lead to a rebound.

In conclusion, while Trump Coin has experienced a significant decline in value, there are still