Bitcoin is strutting its stuff at $106,500, looking ready to hit new all-time highs, but poor TRUMP? It’s not even following the leader. The correlation between Bitcoin and TRUMP is sitting weakly at 0.15, and honestly, it doesn’t look like TRUMP’s going to catch up anytime soon.
I think we can safely say TRUMP holders are in for a rough ride. Without Bitcoin’s bullish lift, TRUMP seems to be stuck in a downward spiral, and the chances of a turnaround? Slim to none. Let’s be real, the meme coin isn’t showing any signs of recovering from its current downtrend.
TRUMP’s Bearish Outlook is Real
If you take a look at the broader picture, things don’t look too hot for TRUMP. The funding rate, tracking trader sentiment, has been all over the place, hinting at some serious uncertainty in the market. It’s like traders are finally realizing their losses, and now they’re thinking about shorting the meme coin instead. I believe that this shift in sentiment points to a larger lack of confidence in TRUMP’s future.
TRUMP Price Crash Incoming?
Right now, TRUMP is priced at $9.65, facing a whole lot of bearish pressure. If this downtrend continues, the $9.61 support level could be broken, and $9.11 will likely be the next stop. A slip below that, and we could see TRUMP flirting with its all-time low (ATL) of $7.14. At 26% away from this point, it’s not a “maybe” – it’s a “when.” This is looking like a pretty rough stretch ahead for the meme coin.
But let’s not rule out a miracle. If something big happens, maybe a tweet or a rally led by President Donald Trump himself, TRUMP could get a temporary bounce. A push from $9.61 could see it climbing towards $10.97, offering some much-needed relief to the poor souls holding this coin. That said, it’s still a long shot, so don’t hold your breath.
Abimbola Adu
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