TRUMP Price Prediction: Trump Threatens to "Expel" Musk, Triggering a Crisis of Confidence in MAGA Token

The official meme coin TRUMP issued by US President Trump is soft and has fallen to $8.90 today (3rd). The public feud between Trump and Tesla CEO Elon Musk has escalated sharply, with Trump now threatening to "investigate" the expulsion of Musk from the country—this rapid escalation may shake the social sentiment supporting the price outlook of Trump coin.

Musk has long been the king of the meme coin space, with his past support driving the rise of currencies like Dogecoin (DOGE) and Shiba Inu (SHIB). As hopes of salvaging their relationship gradually fade, investor confidence declines, leading to a fall in the TRUMP meme coin and raising doubts about whether Trump can regain momentum.

As a meme coin driven by speculation, TRUMP largely relies on high-profile influence—its last major spark was the "Presidential Dinner" held for top holders in late May. Since then, due to waning retail interest and the absence of new endorsements, the price of TRUMP has fallen over 46%.

TRUMP Technical Analysis: Will the coin price face a crash without Musk?

According to Cryptonews, despite the daily decline witnessing a stagnation in momentum after the breakout of a one-month descending wedge pattern, the price of TRUMP coin still echoes familiar historical patterns.

It is very similar to the situation in April when it broke out of the same descending wedge pattern—this pattern also saw the price trend retreat to the previous lower low, serving as a launch pad for the next rise.

The momentum indicator shows a similar trend. The MACD line may experience a death cross below the signal line—indicating that the breakout may not be sufficient to support a sustained upward trend.

However, the RSI is hovering in the oversold area at 35. This indicates that sellers are close to being exhausted, clearing the way for buyers to step in and continue the upward movement.

If this setting works like the breakthrough in April, it could yield a 2x return, targeting the peak of $17.50 in early March.

However, this time, against the backdrop of the fallout between Trump and Musk, weaker social support may undermine market sentiment and hinder development momentum.

If selling pressure prevails, this model may completely collapse, rendering the bullish outlook ineffective.

The reversal will eliminate the new high points and long-term upward trend since the market bottomed out in mid-April, returning to the support level of around $7.25 with a 17% fall.

(Source: Trading View)