Official Trump: Should traders sell before TRUMP drops to $2.36?

ambcryptoPublished on 2026-03-10Last updated on 2026-03-10

Abstract

The memecoin sector posted overall gains of 0.93%, reaching a market cap of $29.93 billion. While some memecoins like PIPPIN and PENGU saw short-term gains, Official Trump (TRUMP) declined 4.23% in 24 hours and has been one of the weakest performers, down 15.8% over the past week and 39.6% year-to-date. The token has been in a sustained downtrend, failing to reclaim key resistance levels. Technical analysis suggests further downside, with potential price targets at $2.368 and $1.312. Although a short-term bounce may occur due to bullish divergence, it is likely an opportunity to sell rather than a trend reversal. The overall outlook for TRUMP remains bearish.

The memecoin sector posted overall gains, rising 0.93% to reach a total market cap of $29.93 billion.

At press time, the best-performing popular memes in the short-term were Pippin [PIPPIN] and Pudgy Penguins [PENGU], gaining 14.2% and 4.6%, respectively, in 24 hours.

Dogecoin [DOGE] was only up 0.59% for the day, by contrast, and Official Trump [TRUMP] was down by 4.23%. TRUMP has been one of the weakest memes over the past week, sliding 15.8% and operating within a longer-term downtrend.

In 2026, Official Trump has recorded a 39.6% drawdown. The bearish long-term trend meant that more losses were likely.

Plotting the next TRUMP price target

The first two weeks of the year saw a sizeable bounce across the crypto market, and Official Trump token prices also surged briefly above $5.5. Towards the end of January, the price fell below the previous swing low at $4.68 (orange).

This marked a continuation of the downtrend. Since then, the bears have remained in control, driving prices lower relentlessly. In early February, a big imbalance (white box) was left around $3.6-$4.1

Over the past month, TRUMP prices visited this area multiple times, but were unable to climb meaningfully into it. This highlighted the $4 zone as a powerful supply zone. At the time of writing, the price was below the psychological round number support at $3.

The Fibonacci extension levels showed that the next price targets were $2.368 and $1.312.

Should traders sell the bounce?

The 4-hour chart showed a bullish divergence between the price and the momentum. It was a sign that a price bounce was likely, but it would not be enough to reverse the downtrend. Instead, traders can use the price bounce to sell.

The Fibonacci retracement levels showed that the bounce could reach $3.01-$3.05. Traders can watch out for a bearish reaction from $2.95-3.05 before selling the memecoin.

Final Summary

  • The memecoin sector saw some bullishness in the past 24 hours, but it was too little momentum to reverse the longer-term downtrend.
  • TRUMP was one of the weaker-performing memes, and its downtrend looks likely to continue.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Related Questions

QWhat was the overall performance of the memecoin sector and its total market cap at the time of the article?

AThe memecoin sector posted overall gains of 0.93%, reaching a total market cap of $29.93 billion.

QWhich two memecoins were the best-performing in the short-term, and what were their 24-hour gains?

APippin [PIPPIN] and Pudgy Penguins [PENGU] were the best-performing, gaining 14.2% and 4.6% respectively in 24 hours.

QHow has the Official Trump (TRUMP) memecoin performed over the past week and what is its longer-term trend?

ATRUMP was down 4.23% for the day and has been one of the weakest memes over the past week, sliding 15.8% and operating within a longer-term downtrend.

QAccording to the Fibonacci extension levels, what are the next potential price targets for TRUMP?

AThe next price targets for TRUMP are $2.368 and $1.312.

QWhat trading strategy does the article suggest for TRUMP based on the 4-hour chart analysis?

AThe article suggests that traders can use a potential price bounce to sell, watching for a bearish reaction from the $2.95-$3.05 zone (a Fibonacci retracement level) as an opportunity to exit.

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