Trump Coin price faces mounting pressure after dipping below $13. Amid Trump’s diplomatic tour in the Middle-East, can bull traders capitalize on rising social media buzz to stage a Trump token price rebound?
Trump Coin Halts at $13 Facing Mixed Market Signals This Week
Trump Coin (TRUMP) has plunged below the $13 support level on Friday, May 16, following a volatile week defined by mixed market narratives.
Zooming out the token is now posting losses of 11.2% over 7 days, and 1.4% on the 14-day chart, despite trading as high as $13.05 during intra-day peaks.
The broader crypto landscape added friction. Bitcoin continues to consolidate above $100,000, signaling macro bullishness.
Meanwhile, XRP price also came under pressure after US District Judge Analisa Torres upheld a $125 million penalty related to the ongoing enforcement saga.
Solana also faced bearish momentum as impending $5 billion payouts from FTX rattled investor confidence, prompting over 1.4 million SOL staking withdrawals over the past week.
Early in the week, Trump Coin also faced sell pressure after reports confirmed a Chinese institutional buyer acquired $300 million worth of TRUMP. The deal, while monumental in scope, spooked retail investors who feared market manipulation or impending regulatory scrutiny.
Yet, Trump Coin has gained unprecedented levels of social media traction this week, due to U.S. President Donald Trump’s diplomatic tour of the Middle East.
Trump Token Social Mentions trending at All-Time Highs as Trump Visits Middle East Countries
Trump Coin’s price may be trading lower all critical short-term timeframe at $12.69, but its social traction has surged to unprecedented levels, signaling a potential bullish reversal.
This spike in attention aligns with U.S. President Donald Trump’s high-profile tour of the Middle East, which has dominated global headlines and triggered reactions across crypto communities.
According to Santiment, which tracks Social Volume, the number of times a token is mentioned across major crypto-focused social channels like Twitter, Telegram, and Reddit, Trump Coin has surpassed all previous records set during its January launch window.
On January 20, 2025, the day with the highest social volume at launch, Trump Coin recorded 281 mentions. As Trump embarked on the official trip to the Middle-East this week, that number spiked to 847 on May 12, having printed all time high values of 949 mention on April 30 reflecting a 264.4% increase from the January peak.
At press time on May 16, Social Volume remained elevated at 462, well above the historical average for TRUMP. These sustained high volumes reflect persistent global engagement during Trump’s tour of Saudi Arabia, Qatar, and the UAE.
This may explain why TRUMP Coin price has consolidated at the $13 resistance amid concerns of regulatory scrutiny following a $300M acquisition by a Chinese firm earlier in the week. The historical pattern shows that Trump Coin has often staged rallies shortly after periods of elevated social activity.
If the Social Volume uptick persist, TRUMP Coin price could be on the verge of another parabolic breakout out. However, technical incidators on the TRUMPUSDT daily chart paint a bearish short-term outlook.
Trump Coin Price Forecast: $10.35 Support at risk as $13 Fails to Hold
Trump Coin (TRUMP) slipped 1.64% today to trade at $12.56, extending its recent pullback from the May 9 high of $15.79.
Despite elevated social volume this week, momentum has visibly cooled across key indicators. TRUMP remains pinned beneath the mid-range VWAP at $12.74, suggesting fading buyer strength amid uncertainty around broader market conditions.
The Relative Strength Index (RSI) has dipped to 51.29, down from last week’s overbought region near 65. This signals weakening bullish momentum and aligns with a flattening MACD histogram.
The MACD line sits just above the signal line, but convergence is apparent. A confirmed bearish crossover could open downside risk toward the Donchian Channel lower bound at $10.35—a level that coincides with prior support during April’s consolidation phase.
A retest of that support could invite dip-buying interest, particularly if sentiment improves around meme tokens. However, Bitcoin (BTC) price outlook remains largely positive, with Asia’s largest ETF investor, raising stakes in Blackrock’s IBIT shares to $691 million.
To align with Bitcioin’s upside potential, the bulls must reclaim the $13.07 Donchian median and close above the $15.79 resistance levels.
Frequently Asked Questions (FAQs)
A Chinese buyer’s $300M purchase triggered retail fears, while mixed macro signals dampened momentum below the $13 resistance level.
Despite recent losses, record-high social volume linked to Trump’s global tour may signal a potential short-term bullish reversal.
Technical analysis shows $10.35 as the next key support, coinciding with April’s consolidation phase and lower Donchian Channel bound.
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