How a Trump Token Survived the Jungle and Might Just Rise Again – Y’all Watch!

by

Key Takeaways

Well, folks, it seems our beloved Official Trump memecoin took quite the tumble—like a cow on a slick hill—dropping down to $8.5. But lo and behold, it’s bounced back—like a rubber ball in a courtroom—and’s sittin’ close to $8.89, just waitin’ to see if it can push above $9 and maybe tiptoe to $11.5. Looks like the bears are still King of the Hill, but don’t count the good ol’ Trump out yet—he might just surprise ya!

Now, ol’ Trump Media has got plans—big plans—to launch a shiny new Truth-branded utility token—part of their grand reward scheme—probably to keep folks buyin’ and sellin’ like hotcakes. They say it’s got somethin’ to do with a digital wallet called Truth, where folks can subscribe to Truth+—like a club for the digitally inclined. They’re shy about sayin’ “cryptocurrency,” but reckon they’re usin’ blockchain tech, just to keep things fancy and confusing as a swamp at midnight.

And let’s not forget the big boss—our favorite president—already got some grumbles about this Trump [TRUMP] token. Meanwhile, how’s the original memecoin doin’? Well, it’s holdin’ on by its fingernails, I tell ya.

Trump Token Might Just Get a Second Wind

So, the Trump coin tested that support level of $8.5 again, like a stubborn mule. Over the weekend, after takin’ a dive to $8.5, it bounced back up to $8.89—like somebody tellin’ it, “Sit tight, partner!” But, mind you, the way this market’s struttin’, it’s still plain bearish. To turn the tide, we need a good hop past $10.5—like climbin’ a ladder, only with more dollar signs.

If you zoom out, you’ll see that since early June, this coin’s been tryin’ to bust past $11, but all it’s got is a steady defense of the $8.5 zone—like a stubborn old mule. That said, it might be a decent buy right now, aiming for that $10.5 target, just as confident as a cat in a fish market.

On the technical front, the OBV’s droppin’ a tad, and RSI’s sittin’ at 39—about as bearish as a Monday morning. But that shouldn’t scare off the savvy traders; they’re lookin’ at a range-bound dance until one side finally throws the first punch.

The dotted yellow line at $8.95? That’s the pesky lower high the bulls need to bust through. The 4-hour chart still looks gloomy, but if it can hop past that mark, it might just turn the whole thing around. CMF readings have been stubbornly above +0.05 since early August—like a dog with a bone—indicating plenty of buying pressure. So, traders, listen up: the risk ain’t too bad if it can just edge above $8.95. Keep an eye out, partner, because if it falls below $8.5, all bets are off. But if it climbs, there’s a decent shot for a good ride ahead.

Read More

2025-08-05 00:20