TRUMP Coin (TRUMP) Faces Continued Decline as Chart Signals Further Downside

[TRADE_PLUGIN]TRUMPUSDT,TRUMPUSDT[/TRADE_PLUGIN] TRUMP News - TRUMP Coin (TRUMP), the official meme coin associated with former US President Donald Trump, remains in a downtrend as of Friday. Technical analysis suggests a high probability of additional losses, with the token currently trading near $7.70—approaching its lowest levels since its January launch. The Trump organization introduced TRUMP Coin shortly before Trump’s inauguration. While initial excitement propelled the meme coin to surpass $70 with a market capitalization in the tens of billions, it has since plummeted nearly 90%. This decline is attributed partly to TRUMP Coin’s launch draining liquidity from the broader meme coin market, which has been struggling since the token’s release. Furthermore, deteriorating macroeconomic conditions have negatively affected risk assets, including cryptocurrencies.