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06/12 18:10

Trump Coin Price at Risk of Falling 30% as Traders

Trump Coin Price at Risk of Falling 30% as Traders Increase Short Bets Ahead of Trump’s Birthday on June 14

Learn what to expect from the Trump Coin price ahead of Trump’s birthday on June 14. Will TRUMP Drop 30% or Will This Event Trigger a Bullish Shift?

The official Trump (TRUMP) price may be on the verge of falling below $10 after posting a 3.6% intraday loss on June 12. The drop coincides with a 35% surge in trading volumes, likely due to heavy selling activity. Amid today’s bearish outlook, the Trump Coin price could fall 30% as short positions increase ahead of Mr. Donald Trump’s birthday on June 14.

 Trump’s Birthday Could Trigger a 30% Plunge in Official Trump Price

The official Trump meme coin is trading at $10.51 at press time. On the daily time frame, this price is below the lower trendline support of the ascending parallel channel, indicating that the bulls are losing control.

The lower trendline of this channel is often seen as dynamic support during an uptrend. Therefore, the recent breach signals a breakdown in the bullish market structure. Moreover, strong selling volumes were recorded as demand weakens, making it likely that the Trump Coin price could continue its decline.

TRUMP also closed below the 50-day and 100-day EMA levels, reinforcing the bearish continuation. This breach opens the door for the price to retest the support or demand zone between $9.20 and $9.50.

 If the support zone fails to hold, the expected breakout target is $7.48, which would represent a 30% drop from the current Trump Coin price. Moreover, the AO histogram bars are red and leveling off near the zero line, confirming the risk of a deeper correction. 

The invalidation of the bearish outlook could occur if the Trump meme coin reclaims the lower boundary of the ascending channel and forms a decisive close above it with increasing buying volumes. In this case, the TRUMP price could rise and possibly reach $16 according to previous analysis by CoinGape. 

Traders increase short positions 

Coinglass data shows that traders are betting against TRUMP, which is the main meme coin on the Solana blockchain.  The long-short ratio has fallen sharply to 0.86, the lowest in nearly three weeks. 

This metric shows a significant bearish shift in trader sentiment as most expect the Trump coin price to continue to decline. However, this skewed ratio can sometimes trigger a short squeeze if TRUMP reclaims key resistance levels, which in this case is the upper boundary of the ascending channel. 

The bearish shift also coincides with a break below the ascending parallel channel on the 4-hour time frame. This shows that derivatives traders are preparing for further declines, with a 30% drop to $7.48 looking more likely. 





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