Traders' Decision: Should You Sell TRUMP Before It Hits $2.36?

The memecoin sector has shown a slight increase, with an overall rise of 0.93%, leading to a total market capitalization of $29.93 billion. However, the Official Trump memecoin (TRUMP) has struggled recently, dropping by 4.23% and maintaining a declining trend over the past week. Given recent performance, scrutiny over whether traders should sell before TRUMP potentially drops to $2.36 is warranted.

Key Takeaways

The memecoin market cap has increased to $29.93 billion.
Official Trump [TRUMP] has decreased by 4.23% in the latest trading session.
TRUMP has experienced a significant 39.6% decline in 2026 so far.
Price targets suggest TRUMP could fall to $2.368 and $1.312.
A potential bounce in price could occur, providing opportunities for traders to sell.

Official Trump memecoin faces further downside risk

Current Market Overview

The memecoin market has seen a minor uptick, rising 0.93%, which brings the total market cap to approximately $29.93 billion. Among the prominent memecoins, Pippin (PIPPIN) and Pudgy Penguins (PENGU) performed strongly, gaining 14.2% and 4.6%, respectively, within a 24-hour period. In contrast, Dogecoin (DOGE) saw only a modest increase of 0.59%, while Official Trump (TRUMP) closed down by 4.23%. Over the last week, TRUMP has exhibited weakness, diminishing by 15.8% and indicating a continued long-term downtrend. In 2026 alone, TRUMP has faced a significant drawdown of 39.6%, suggesting further potential losses may lay ahead.

Analysis of Price Targets for TRUMP

TRUMP 1-day Chart

As we entered the new year, a substantial rebound occurred across the cryptocurrency market, with TRUMP briefly surpassing $5.5. However, this momentum didn't last, as the price subsequently dropped below the previous swing low of $4.68. This decline has been characterized by persistent bearish pressure driving prices downward. A notable price imbalance was identified earlier in the month between $3.6 and $4.1, which has acted as a significant supply zone. TRUMP’s price currently lies beneath the crucial psychological support level at $3, while Fibonacci extension levels indicate potential downturns toward $2.368 and $1.312.

Should Traders Consider Selling?

TRUMP 4-hour Chart

On the 4-hour chart, there's a bullish divergence between TRUMP's price and its momentum, suggesting a possible bounce in the near term. However, it's important to recognize that this price bounce alone may not reverse the prevailing downtrend. Instead, traders might find this bounce an opportune moment to consider selling. Fibonacci retracement levels point to a potential bounce range between $3.01 and $3.05. Thus, it’s essential to monitor for any negative price reaction around the $2.95-$3.05 range before deciding to offload this memecoin.

Conclusion

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.