TRUMP Meme Coin Targets $54 Breakout After Inauguration – Hype or Reality?

The TRUMP meme coin, launched during President Donald Trump’s inauguration festivities, has captured traders’ attention with its volatile price action.

Crypto analyst Ali Martinez has identified a falling wedge pattern on the token’s lower timeframes, often a precursor to bullish reversals.

Martinez predicts that after the current consolidation phase near the wedge’s apex, the TRUMP coin could rebound toward $54, reflecting renewed buying momentum.

Meme Coin Price Chart - Source: Tradingview

  • Key Metrics:

    • 24-Hour High: $60

    • Current Price: $35.87 (27.33% decline)

    • Trading Volume: $31.82 billion

    • Market Cap: $8.05 billion

Despite recent declines, the coin’s high trading volume and technical setup suggest potential for upward movement.

Market Volatility and Investor Reactions

Since its debut, the TRUMP coin has seen dramatic price swings, with an initial surge to $60 before dropping to $40.25 by day’s end. Market participants remain divided over the token’s long-term potential.

Critics have raised concerns about the token’s ownership structure, with reports indicating that 80% of the supply is controlled by affiliated entities. This concentration has fueled skepticism about possible market manipulation and the token’s overall stability.

Adding to the intrigue, the TRUMP coin launched alongside $MELANIA, another meme coin. Over the inauguration weekend, both coins collectively reached a market cap of $16 billion, with $300 million raised through token sales by World Liberty Financial, reportedly endorsed by the Trump family.

Concerns Over Regulatory and Ethical Issues

The launch of the TRUMP coin has sparked debate in both the crypto and regulatory communities. Critics, including investor Mark Cuban, have highlighted potential conflicts of interest, as the former president serves as both issuer and investor.

Cuban noted that the lack of regulatory safeguards and high ownership concentration could undermine investor confidence and tarnish the cryptocurrency industry’s reputation.

“Such projects risk harming the broader crypto market’s credibility,” Cuban said.

Despite the controversies, the TRUMP coin has maintained strong trading activity. However, analysts caution that meme coins are inherently speculative, making them risky for long-term investments.

Outlook

While the falling wedge pattern offers hope for a $54 breakout, investors must weigh the token’s speculative nature and regulatory challenges. As the TRUMP coin navigates market volatility, its future will depend on sustained trading interest and broader sentiment in the meme coin space.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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