The row of feud between Elon Musk and Donald Trump regarding the bill has been turning ugly with passing time. And the repercussions of the same are clearly evident with Tesla’s stock price falling by 14.26% on NASDAQ. It is worth noting that the TSLA stock price crash wiped out $150 billion from its market cap.
Successively, the TRUMP coin too faced the brunt, as it dropped by 10.40% overnight, making its way to the top losers of the day. Amidst the buzz, if you are wondering where the Official Trump coin could be headed next, then this $TRUMP price analysis is a must-read for you.
The TRUMP token at the time of press is trading at $9.72, with an intraday price drop of 10.40%. The tussle led to its market cap crashing by 10.42% to $1.94b. However, the token did witness a surge in trading volume, this time by 206.17% with the numbers tallying to $866.3 million.
The memecoin has been trading in the range between $9.49 and $10.92 since the past 24 hours. The price below the 9-period SMA at $10.33 confirms short-term weakness. Immediate support lies at $9.38, breaking below which could drag the price down to $8.58. A bounce back toward $10.33 and $11.14 could occur if bulls reclaim the momentum. Traders should take a note that the trend remains bearish unless the price breaks above the moving average.
Read our Official Trump Coin Price Prediction 2025, 2026-2030 to check if it is still a long-term buy!
The price of 1 TRUMP coin at the time of press is at $9.72, with an intraday change of -10.40%.
If the sentiments remain unchanged, the $TRUMP coin price could fall to its support at $8.58.
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