Trump Token Tumbles: A Comedy of Financial Errors!

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What ho, old bean! The Official Trump [TRUMP] token, that zany Solana [SOL]-based memecoin, has been on a bit of a rollercoaster, what? It reached its zenith before the chap Donald Trump’s inauguration on the 20th of January, 2025. Since then, it’s been a case of “down the drain, old sport,” with the occasional rally to keep things interesting.

The latest bounce, a mere blip in the grand scheme, occurred in the first week of 2026. But, alas, since the 14th of January, TRUMP has taken a nosedive, shedding 42.5% and trading at a paltry $3.32 at the time of this scribble. That’s a whopping 95.5% plunge from its lofty $73.43 all-time high last year. Talk about a financial belly flop!

Why the Trump Token Took a Tumble

Well, old chap, it’s not just the token’s fault. Bitcoin [BTC] has been having a bit of a rough patch too, with a 24.9% price drop in three weeks. And let’s not forget the Congressional investigation into Trump-backed World Liberty Financial [WLFI], which has been linked to some rather dodgy foreign sovereign capital. That’s put a bit of a damper on the market sentiment, wouldn’t you say?

The market structure, on the 1-day timeframe, remains as bearish as a wet weekend in November. The OBV has hit new lows after the early January bounce, indicating that sellers are having a jolly good time. The daily RSI, hovering around 20 since last Thursday, screams “oversold” louder than Aunt Agatha at a family gathering.

Will TRUMP Bounce Back? Depends on the Stars (and Bitcoin)

The imbalance zone between $3.57 and $4.09 (marked by the white box) is the first stop for a potential price bounce, likely acting as a short-term supply area. A retest of $4.40 or $4.72 could spell more trouble, triggering another bearish move. On the flip side, a robust Bitcoin rally above $74k might give TRUMP a lift to $5.19. But, at the moment, that seems about as likely as Jeeves forgetting to press my trousers.

Should Traders Wait for the Bounce? A Delicate Question

Memecoins, as we all know, are as volatile as a jealous mistress. They can soar higher than expected when the market sentiment shifts. So, traders might want to hold their horses and wait for a rejection from the local resistances before considering a short on the bounce. In the coming weeks, new lows below $3.02 are on the cards, prolonging its year-long downtrend. Jolly good fun, eh?

Final Musings

  • The Official Trump token has been hit harder than a butler’s tray at a cricket match, thanks to the market-wide sell-off and the World Liberty Financial investigation.
  • A short-term bounce toward $4.4-$4.7 is possible, but don’t get your hopes up-downward momentum is likely to follow.

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2026-02-10 16:27