Key Insights:
- The TRUMP coin is testing a key confluence zone, strengthening the likelihood of a price reversal.
- Price action suggests that if TRUMP crypto closes a daily candle below the $9.70 level, it could lead to a 13% drop in the meme coin.
- Amid this correction, Tron founder Justin Sun was seen supporting the TRUMP crypto coin.
The Trump coin has lost over 15% of its value since the beginning of the market correction but is now gaining support at the key level of $9.75. The four-hour chart on TradingView reveals that this support has opened the path for a potential price reversal.
Now, it is important to observe how the Trump coin is reacting to this support level.
Current Price Momentum
At press time, the TRUMP coin remained strong near the $9.90 level, slipping a modest 2.50% over the past 24 hours. Despite the price drop and ongoing correction, participation from traders and investors has increased compared to the previous day, resulting in a 10% rise in trading volume.
You might be wondering why traders and investors are showing increased interest and participation. Notably, the reason lies in the coin’s bullish outlook and the higher chances of a price recovery, along with a bullish announcement from Tron founder Justin Sun.
Trump Coin Price Action and Key Levels to Watch
TradingView’s four-hour chart reveals that the TRUMP coin is testing a key confluence zone, supported by a horizontal level at $9.80 and an ascending trendline. This overlap of key technical levels strengthens the odds of a price reversal, which the meme coin is currently experiencing.
For now, the $9.70 level appears to be a key support zone. Since July 17, 2025, the TRUMP coin has tested this level multiple times, including today, and each time it has resulted in a price reversal.
However, if market sentiment shifts and the price turns downward, breaching this support level, a notable 12% drop could be expected in the coming days.
At present, the TRUMP coin is trading below the 50-day Exponential Moving Average (EMA) on the daily timeframe, indicating a short-term bearish trend.
Meanwhile, the Relative Strength Index (RSI) stands near 40, slightly above the oversold territory, suggesting a potential price reversal if buying momentum increases and market sentiment improves.
Bullish News For Trump Coin?
In addition to Trump’s bullish price action, on July 24, 2025, Tron founder Justin Sun made a bold statement on X (formerly Twitter). In his post, Sun announced that “TRUMP officially lands on TRON.”
Following this announcement, a well-followed crypto expert shared insights, stating that Sun’s message is more than just a statement.
The expert wrote, “It’s a clear declaration of intent to globalize Web3. With TRUMP officially launching on TRON, we’re witnessing a major milestone in the expansion of politically charged. Community-driven tokens in the crypto ecosystem.”
This move could set the stage for more politically themed tokens to align with high-performance chains. Like TRON, where scalability, accessibility, and ecosystem support converge.
On-Chain Metric: Investors’ and Traders’ Recent Activity
Given the current market sentiment and the recent announcement. Investor interest and long-term accumulation have skyrocketed, as revealed by the on-chain analytics firm Coinglass.
Data shows that exchanges have witnessed an outflow of $5.76 million worth of the meme coin over the past 24 hours.
This substantial outflow amid prevailing market conditions suggests potential accumulation, which could drive buying pressure and further upside momentum.
Meanwhile, traders also appear to share this bullish outlook, as their long positions have surged.
According to Coinglass data, the Binance TRUMPUSDT long/short ratio has reached 3.5228, indicating strong bullish sentiment among traders.
This means that traders betting on long positions outnumber short sellers by 3.52 times, a bullish signal for token holders.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss. That may occur from investing in or trading. Please do your research before making any financial decisions.
The post TRUMP Coin Eyes Recovery as TRON Integration Boosts Investor Confidence appeared first on The Market Periodical.
