Stunned! Trump's Memecoin Plummets 10%, Is It Panic Selling or the Last Buying Opportunity?

Trump's official Memecoin has plunged over 10% in just 24 hours, dropping to $11.08 and failing to break through the key resistance level of $16. Despite the price pressure, it still holds above the support level of $10.3, providing a glimmer of hope for investors. However, if it falls below this support level, panic selling could erupt at any moment.

For holders, although there has been short-selling pressure in the short term, there are still signs that the market has not completely lost confidence. If it can hold the $10.3 defense line, Trump's Memecoin may see a rebound, with a target price potentially rising to $12.18. But if the price falls below $10.29, it could further drop to $9.11, severely affecting market sentiment.

Meanwhile, Trump's vague responses during interviews have raised doubts among investors. He denied profiting from Memecoin but stated that if he successfully holds shares, he might benefit. These remarks add uncertainty to the market.

Since its launch on January 17, Trump's Memecoin once soared to $73.43, but the subsequent crash has caused significant losses for many investors. Nevertheless, Memecoin remains a highly watched project, and investors will continue to monitor its price movements ahead of the upcoming dinner on May 22.

This is a critical moment; seizing this opportunity may lead to profits, but be wary of risks and make wise investment decisions!