OFFICIAL TRUMP Drops 70% in a Month: Can $15 Support Hold?

The OFFICIAL TRUMP (TRUMP/USDT) token has experienced a decline, losing over 70% of its value in the past month. After reaching a high of $75.35, the cryptocurrency has dropped to $16.17, raising concerns about whether the $15 support level will hold. On-chain data shows reduced market activity, with futures open interest and trading volume declining.

TRUMP’s 70% Price Decline and Market Trends

According to CoinMarketCap’s data, the TRUMP cryptocurrency surged to its all-time high of $75.35 on January 19 before entering a prolonged downtrend. The rise in value was followed by increased volatility, leading to a steady decline. The token’s price has since remained in a descending channel, indicating ongoing selling pressure.

At press time, TRUMP’s market capitalization stands at $3.23 billion, while 24-hour trading volume is $1.31 billion. Despite this, the cryptocurrency’s volume has dropped from its January peak of $66.5 billion to $1.26 billion, indicating that fewer traders are actively buying or selling the token. A declining trading volume often signals weakening interest and could lead to further price drops unless new demand emerges.

$15 Support: A Critical Level for TRUMP

The $15 price level has played a crucial role as a support zone on TRUMP’s 4-hour chart, preventing deeper declines. This level has historically acted as an accumulation point, allowing buyers to step in before driving the price higher. A similar scenario unfolded recently, where TRUMP rebounded from this region, leading to a 55% surge that pushed the token toward $24—a resistance level that ultimately sent the price back down. Now, the cryptocurrency has returned to this critical accumulation zone, raising the question of whether history will repeat itself.

Assuming the $15 support holds, the token could see a relief bounce, with an initial target at the 0.786 Fibonacci retracement level of $16.64. This zone would serve as the first confirmation of a likely recovery. Breaking above it could allow TRUMP to challenge $18.34, the 0.618 Fib level, and $19.54, marked as the 0.50 Fib mark, two levels that previously acted as barriers to further upside.

A sustained move beyond these could set the stage for a return to the $24 peak, last reached on February 14. However, the stakes remain high. Failure to maintain support above $15 could expose TRUMP to further downside pressure, with the $14.47 level in sight as the next major support. A deeper sell-off could drive the price toward the 1.414 Fibonacci extension at $10, marking a new low for the cryptocurrency.

On-Chain Data Shows Declining Interest

Data from Coinglass reveals that futures open interest is currently $515.56 million. This indicates that traders are still holding positions, but the overall trend shows a decline in speculative activity compared to earlier highs. When open interest declines alongside price, it can indicate that long positions are closing, adding to selling pressure.

Trading volume has also fallen significantly, with only $2.83 billion recorded on February 18, compared to $69.15 billion in January. This suggests that market activity has slowed, with fewer large trades taking place. Such adverse price action hints at an impending bearish sentiment, although it appears to be unfolding gradually rather than aggressively.

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