The newly trending meme coin $TRUMP has gained notable attention in recent weeks, riding on the political hype and meme-driven market sentiment. However, market analysts are now cautioning about a potential correction.
Currently trading at a critical support level, $TRUMP may see a sharp drop if it fails to hold above this zone. A confirmed breakdown could lead the price to fall towards the $8 to $9 range.
Traders are closely watching for a break below the support level, which could trigger increased selling pressure. On-chain data also indicates a decline in holder confidence, with whale activity showing early signs of distribution.
Despite the bullish narrative tied to Donald Trump's political momentum, the coin's price action suggests caution. If support holds, $TRUMP may recover quickly — but a breakdown could lead to a deeper retracement.
Investors should monitor price movements carefully and manage risks, especially in a highly speculative meme coin market.
