Yigit Taha OZTURK 
The volatile movements in the crypto market have negatively impacted Trump Coin (TRUMP). Over the past few days, TRUMP has dropped rapidly from 80 USDT to 36 USDT. Moving averages also confirm this downtrend. The wide gap between the 20-day (red) and 50-day (orange) moving averages indicates that selling pressure remains strong. The break of the 40 USDT support level has further fueled investor concerns. Technical analysis suggests that the downward movement could continue in the short term.
Manipulation Allegations on Social Media
Another factor contributing to Trump Coin’s decline is the manipulation rumors circulating on social media. The actions of certain large investors (whales) in TRUMP have sparked speculations in the market. This situation has led small investors to panic and sell their holdings. Additionally, the media’s decreasing interest in Trump Coin and shifting focus toward other projects have caused a drop in demand.
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Trump Coin’s decline is also influenced by the overall downturn in the crypto market. The sharp drops in major assets like Bitcoin and Ethereum have continued to pressure the altcoin market. This has led to greater losses for speculative assets like Trump Coin. Persistent uncertainty in the crypto market and ongoing regulatory news have further weakened investor confidence.
Critical Levels and Investor Strategy
Currently, the 30 USDT level is seen as a critical support point for Trump Coin. If this level is breached, the price is expected to drop to even lower levels. However, it should be noted that Trump Coin is a highly volatile asset. Investors should carefully monitor market conditions and real-time developments before making decisions. Breaking news and social media trends could directly determine the future price movements of Trump Coin.
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