Trump Coin Analysis: Price Trends and Future Predictions

The latest developments surrounding Trump Coin (TRUMPUSDT) paint a rather uncertain picture. While the market had pinned its hopes on the approval of an ETF, that possibility has now been dismissed with the withdrawal of the application. Instead, the Trump team has shifted its focus to launching merchandise sales, which, while an interesting avenue, lacks the financial impact necessary to propel the token to new highs.

Key Market Developments

• ETF Application Withdrawal: The major anticipated catalyst for TRUMPUSDT, the ETF approval, has been removed from the equation, significantly dampening investor sentiment.

• Merchandise Sales Launch: While this was discussed earlier on January 22, it does not appear to be a game-changer for the token’s value. The initiative, though potentially lucrative, is unlikely to generate billions or create sustained momentum for the coin.

Price Analysis and Forecast

TRUMPUSDT has exhibited a significant downward trend following the rejection of the ETF application. The price behavior has aligned with earlier projections, following a structured path toward lower levels.

• Price Levels: The token recently ranged between 24-26, but with a solid consolidation under this zone, a further decline is likely.
• Potential Downward Movement: Given the “gap” observed between 7.08 and 28.12, a drop towards the 7-10 range seems plausible in the near term.
• Signs of Reversal? A divergence on the RSI indicator suggests that a correction may be in play, leading to a potential retest of the 24-26 resistance zone.

What to Expect Next?

• Weak Market Sentiment: The chart currently reflects bearish tendencies, with many weak hands likely exiting the market as confidence wanes.

• Speculative Pumps Possible: As with most meme coins, sudden, unpredictable pumps remain a possibility, though they cannot be relied upon as a trading strategy.

• Final Target Still in Play: According to the original forecast from January 21, two price targets have already been met, with the last remaining target positioned at 10.50. This remains the most probable next stop unless significant market shifts occur.

Final Thoughts

The market outlook for TRUMPUSDT remains bearish unless a fundamental shift occurs. The failure of the ETF approval has removed a crucial bullish catalyst, and while minor rebounds may occur, the overall trend suggests further decline. Traders should watch key levels closely, remain cautious, and prepare for potential volatility. While speculative pumps are always a possibility in meme coins, the current market structure does not favor sustained upward movement in the short term.