Donald Trump’s crypto dream is at a standstill, as his $TRUMP is around its all-time low. The president is willing to introduce all sorts of pro-crypto policies to help the crypto market surge. But 12th Feb has been a brackish day for his official meme coin and, for that matter, most of the other coins, too.
The current position
The official Trump coin, down by 1.61% today, is now performing at only $14.85. Considering the status of some of the other coins, the decline might not be as critical. But in a matter of 1 month, the coin has trailed down 80% compared to its January high.
The market cap of the Trump coin has fallen equally. In January, the coin’s official collection was $15 billion. In a matter of less than 1 month, the market cap stands at $2.9 billion only.
How are other meme coins faring?
The story of the Trump coin is nothing extraordinary. Memecoins are having the worst time. The OG Dogecoin is also down by 25% within 1 month. The same goes for Shiba Inu, which is down by 28%.
Other significant coins, like Bonk, Dogwifhat, etc, have fallen more than 10%.
While the surroundings reeks of fall, investors must explore the reason why the market is behaving like this. One prime reason could be buyers selling off their stash in bulk. A data survey by Nansen also hints at the same.
It shows that most institutional traders making profits from meme coins have dumped their coins. At the same time, only retail investors are holding on to their assets. But it is known to all that without institutional investors, it is difficult for a crypto community to surface.
For a fact, the phenomenon is nothing new in the crypto coin market, more precisely for the meme coin niche. Institutional investors never portray their full trust in this segment of crypto coins.
They use meme coins as buffers to stabilize their profit targets only. Often, some of the investors are grabbed by FOMO when they make token investments into some or the other coin. But eventually, they dump the coin and use the profit to buy more stable coins.
A heads-on analysis
Technical factors suggest that the position of the Trump coin might reverse in a few days or a few weeks. The wedge cycle for this coin is around the corner. Our trend line analysis suggests that the highest crest and troughs have been occurring since 2nd Feb 2025.
Meanwhile, the lower trend line is also observing similarly steep swings a day later. Therefore, it is expected that the highest and lowest trendlines will be meeting soon. Once that happens, the market is expected to turn bullish again. And that moment might not be far away.
Amidst the fall, other technical indicators are also suggesting an impending bullish pattern. The bottom line is that- the Trump coin might revive soon and reach its resistance level of $22.75, which is 55% over the current price.
