TRUMP Coin Takes a Dive—Even Trump Can’t Save This One! 😂💸

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Ah, the TRUMP meme coin, that wild stallion of the crypto world, galloping to a dizzying height of over $5 billion right after the man himself took the oath of office. But lo and behold, the winds have shifted, and now it finds itself teetering on the edge, trading just above $17—a staggering drop of nearly 18% from yesterday’s close. Who knew that a coin could have more ups and downs than a soap opera? 🎭

In a twist of fate, the latest plunge coincided with President Trump’s own digital musings on Truth Social, as if he were the captain of a sinking ship, shouting orders from the deck.

Looking at the weekly chart, one might think the TRUMP token is auditioning for a tragedy, down 35% and a whopping 70% from its all-time high. The outlook for its loyal holders? Bleak, my friends, as bleak as a winter’s day in Salinas.

Now, let’s talk about the broader crypto landscape, which is painted in shades of red, with Bitcoin leading the charge down to $95k. Other cryptocurrencies are feeling the heat, but the $TRUMP token? Oh, it gets a special mention for its unique brand of chaos.

Reports suggest that the token’s crash was a direct result of the President’s post—talk about a double whammy! Meanwhile, his administration is busy dodging criticism like a matador in a bullring after announcing a new tariff policy.

As soon as the President hit “post,” TRUMP’s price took a nosedive of over 13%, plummeting below the $20 mark. Just two weeks ago, it was riding high at $73.43, but now it seems the only thing rising is the trading volume, which has surged by 65% to $3.4 billion as holders scramble to sell. Talk about a fire sale! 🔥

After hitting a low of $18.75, the token managed to claw its way back above $21, only to retreat once more to the $17 level. It’s like watching a toddler learn to walk—one step forward, two steps back.

According to the wise sages at Coinglass, TRUMP’s open interest has dipped over 13% to $720 million, while liquidations have skyrocketed to over $15 million. It’s a veritable rollercoaster of emotions for traders, with long liquidations totaling $11 million.

For the seasoned traders, this dip below $20 is a siren song, beckoning them to “buy the dip.” Captain Faibik, a crypto analyst with a flair for the dramatic, has joined the chorus, proclaiming that the falling wedge is still in play and a strong recovery is on the horizon.

Buying the $TRUMP dip!

Falling wedge is still in play, expecting a strong bounce back..#Crypto #TRUMP #TRUMPUSDT

— Captain Faibik (@CryptoFaibik) February 2, 2025

Now, let’s ponder the possibility of a Trump pump and a potential bounce back. In the world of crypto, a falling wedge often signals a price breakout. Many $TRUMP holders are clutching their charts, convinced that a surge is just around the corner.

Crypto expert Edward Morra has also weighed in, suggesting that the token has clawed its way back from the $20 level and is on the rise again. He admits that $TRUMP took a deeper plunge than expected, but he’s bought the dip and is eyeing its bullish potential like a hawk watching a field mouse.

Meanwhile, on Truth Social, President Trump has shared a post in support of his token, a move that reeks of marketing genius—or desperation, depending on how you look at it. Observers are quick to point out that this

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2025-02-04 02:12