TRUMP Memecoin Dips 10%—Here’s Why Traders Are Still Loading Their Bags

Market jitters hit meme assets hard today, but TRUMP coin’s fundamentals—if you can call them that—still scream ’buy the dip.’

The Case for Unwavering Diamond Hands

Behind the red candles: A 10% pullback looks brutal until you zoom out. TRUMP’s trading volume spiked 300% pre-drop—classic whale accumulation before the paper hands panic.

Political Memecoins Play by Different Rules

Election cycle volatility turbocharges these tokens. Every debate gaffe or poll swing sends traders rushing to bet with meme magic instead of prediction markets.

The Cynic’s Corner

Let’s be real: This is degenerate gambling wrapped in ’digital free speech’ branding. But hey, when the SEC cracks down on real securities, meme traders will still be flipping cartoon coins with leveraged abandon.

Bottom line? In a market where Elon’s dog tweets move billions, a 10% TRUMP dip might just be the discount window before the next hype train leaves the station.

Can TRUMP bulls defend the $13.65 support level?

Source: TRUMP/USDT on TradingView

Based on its fall from $17.75 to $9.54 in March, a set of Fibonacci retracement and extension levels was plotted. The 23.6% southward extension was tested as support in April, before the dinner invite news saw the price soar beyond the $10 local resistance.

This surge flipped the 4-hour market structure bullishly. The OBV climbed above the highs made over the past two months, signaling strong demand for the TRUMP memecoin. However, two notable developments have come up over the past three days.

First of all, the rejection from the 78.6% retracement level at $15.99. The supply zone at $16 was too strong to breach. Secondly, the subsequent pullback sent the RSI plunging below neutral 50 at press time – A sign of bearish momentum.

The local support at $11.78 (white) could be retested if the short-term bearish pressure pushes the TRUMP memecoin price below the 50% retracement level at $13.65.

Source: Coinglass

The 2-week liquidation heatmap revealed that the $14 and $13.4 levels were nearby magnetic zones. The first one has already been swept, and $13.4 could be the next short-term target.

Once this price dip occurs, TRUMP could bounce higher towards the $15.8 zone – The next liquidity pocket. It seemed to be relatively closer to the price than the $11.33 liquidity pocket.

Overall, despite the short-term bearish momentum of the TRUMP memecoin, a move towards $16 after a dip to $13.4 may be likely. On the other hand, a sustained price drop below $13.22 could see Official Trump’s price fall to $11.78.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion