Trump Coin Crashes: Elon Musk’s Deportation Threat Sparks MAGA Token Meltdown – What’s Next for Political Memecoins?
Elon Musk’s latest inflammatory tweet—threatening mass deportations—has sent shockwaves through the Trump Coin ecosystem. MAGA tokens nosedived as traders scrambled to exit positions, proving once again that memecoins and politics mix like gasoline and matches.
When the 'free speech absolutist' targets immigration, crypto markets listen. The MAGAverse—a constellation of Trump-themed tokens—collectively shed 30% in hours. No whitepaper can armor a project against a single billionaire’s mood swing.
This isn’t volatility—it’s a stress test for the absurdity of politicized crypto. As usual, bagholders are left chanting 'buy the dip' while insiders cash out. The real winner? ETH gas fees from all those panic sells.
TRUMP Coin Price Analysis: Does Trump Face a Breakdown Without Musk?
While the slide on the daily has seen the post-breakout momentum of a 1-month falling wedge pattern stall, the TRUMP coin price still echoes a familiar historical setup.
It closely mirrors the April breakout from an identical falling wedge pattern—one that also saw price action retrace to a previous lower low as a launchpad for its next upwards move.
Momentum indicators flash a similar setup too. The MACD line faces a potential death cross below the signal line—a sign the breakout may not have the conviction for a lasting uptrend.
However, the RSI lingers in near-oversold conditions at 35. This suggests that sellers are NEAR exhaustion, clearing the path for buyers to step in and continue the upward move.
If this setup plays out like the April breakout, a 2x gain could be on the cards, targeting the early March peak at $17.50.
However, weaker social backing this time—amid Trump’s fallout with Elon Musk—could sap sentiment and stall momentum.
If sell pressure wins out, the pattern could fully break down, invalidating the bullish outlook.
A reversal WOULD rule out a new higher low since the mid-April market bottom and a longer-term uptrend, revisiting support around $7.25 in a 17% dip.
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