TRUMP memecoin has fallen to its lowest since July 9 after President Trump announced sweeping global tariffs.
The memecoin is stuck in a falling channel with a MACD bearish crossover, reinforcing downside momentum.
Resistance stands at $10.34, as failure to break it could see it slide below $7.58 and possibly to new all-time lows.
TRUMP, the memecoin tied to U.S. President Donald Trump, has dropped to its lowest level since July 9. This decline happened after the president announced plans to impose new global tariffs on more than 90 countries starting August 7.
The policy revelation sparked broad risk-off sentiment, with risk assets — including TRUMP — seeing heavy selling pressure. At press time, the TRUMP price trades at $8.85.
While the pullback may present what some see as a discount, the current setup suggests TRUMP is unlikely to make a quick run back to higher highs.
Tariff Trouble Sinks TRUMP Coin
On July 22, TRUMP’s price rose above $11 and showed signs that it could break higher. However, the memecoin later faced rejection around the same period.
Following that move, TRUMP is now trading within a falling channel. Its inability to break above the channel’s upper trendline occurred as the U.S. President noted that he would impose new tariffs.
“Trump set rates including a 35% duty on many goods from Canada, 50% for Brazil, 25% for India, 20% for Taiwan and 39% for Switzerland, according to a presidential executive order. The order listed higher import duty rates of 10% to 41% starting in seven days for 69 trading partners,” The Standard revealed about the development.
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Amid the broader sell-off, the daily chart shows TRUMP’s price has formed a bearish crossover on the Moving Average Convergence Divergence (MACD). This occurs when the shorter Exponential Moving Average (EMA) falls below the longer one.
In this case, the 12 EMA (blue) has crossed below the 26 EMA (orange), reinforcing the bearish momentum already signaled by the MACD crossover. This trend is likely to persist.
If selling pressure holds and resistance at $10.34 caps any recovery attempts, TRUMP’s price risks sliding below key support at $7.58. A breakdown under that level could open the door to deeper losses as bearish sentiment accelerates.
TRUMP Price Prediction: No Recovery Yet
On the 4-hour chart, TRUMP’s price action suggests that a breakout is unlikely in the near term. The token remains locked inside a falling channel, a bearish formation that signals persistent downside pressure.
Adding to the headwinds, the red line of the Supertrend has now risen above TRUMP’s price. This position suggests that any recovery attempts could be quickly rejected, making it difficult for TRUMP to reverse its current downtrend.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
