Featured News Headlines
TRUMP Meme Coin Faces Bearish Pressure Amid Weak Bitcoin Correlation
TRUMP Meme Coin– Investor sentiment around the TRUMP meme coin is deteriorating as broader market conditions remain unfavorable. Recent data suggests TRUMP is on track to hit a critical low milestone, independent of Bitcoin’s performance.
Weak Correlation With Bitcoin Signals Trouble
Currently, the correlation between Bitcoin and TRUMP stands at a weak 0.15, indicating that TRUMP’s price movements no longer closely follow Bitcoin’s bullish trends. While Bitcoin trades near $106,500 and is poised to reach new highs, TRUMP has struggled to capitalize on this momentum. This disconnect points to a bearish outlook for the meme coin.
As highlighted, “TRUMP holders are now faced with the realization that the meme coin may continue to decline independently of Bitcoin’s market performance.” Without Bitcoin’s upward support, TRUMP’s chances to reverse its downward trend appear limited.
Trader Sentiment Shows Growing Uncertainty
The funding rate, a key metric that measures trader sentiment, has fluctuated recently—signaling increased market uncertainty. Many traders seem to be accepting losses and shifting focus to shorting TRUMP, reflecting broader doubts about its recovery potential.
Price Levels to Watch
Currently priced at $9.76, TRUMP faces significant downward pressure. The next support level sits at $9.68, with a further drop potentially pushing it toward $9.11. Falling below $9.11 could accelerate the decline, with the all-time low of $7.14 acting as a critical zone about 26% away from the current price.
Despite the bearish trends, any renewed interest or announcements involving President Donald Trump might spark a temporary price rebound. A recovery from $9.68 could test resistance near $10.97, but such a bounce remains uncertain and dependent on external factors.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
