The public feud between Donald Trump and Elon Musk has taken a sharp turn, with Trump now threatening to “look into” Musk’s deportation — a dramatic escalation that could rattle the very social sentiment supporting the TRUMP coin price outlook.
Musk has long been a kingmaker in the meme coin scene, with past endorsements prompting the rise of the likes of Dogecoin (DOGE) and Pnut (PNUT).
With hopes of salvaging the relationship fading, investor confidence has dropped, triggering a 5% daily loss and casting doubt on TRUMP’s ability to regain momentum.
As a hype-driven meme coin, TRUMP has relied heavily on high-profile influence—its last major spark being the late-May “Presidential Dinner” for top holders.
Since then, it’s plunged more than 46%, as retail interest fizzles and no new endorsements have emerged.
TRUMP Coin Price Analysis: Does Trump Face a Breakdown Without Musk?
While the slide on the daily has seen the post-breakout momentum of a 1-month falling wedge pattern stall, the TRUMP coin price still echoes a familiar historical setup.
Trump coin price 1-day chart, historic falling wedge pattern. Source: TradingView, Binance.
It closely mirrors the April breakout from an identical falling wedge pattern—one that also saw price action retrace to a previous lower low as a launchpad for its next upwards move.
Momentum indicators flash a similar setup too. The MACD line faces a potential death cross below the signal line—a sign the breakout may not have the conviction for a lasting uptrend.
However, the RSI lingers in near-oversold conditions at 35. This suggests that sellers are near exhaustion, clearing the path for buyers to step in and continue the upward move.
If this setup plays out like the April breakout, a 2x gain could be on the cards, targeting the early March peak at $17.50.
However, weaker social backing this time—amid Trump’s fallout with Elon Musk—could sap sentiment and stall momentum.
If sell pressure wins out, the pattern could fully break down, invalidating the bullish outlook.
A reversal would rule out a new higher low since the mid-April market bottom and a longer-term uptrend, revisiting support around $7.25 in a 17% dip.
This New Wallet Could Help Find Better Plays
Best Wallet ($BEST) is a powerful new crypto wallet designed to give you full control of your assets—without the usual hassle.
Built to rival popular wallets like MetaMask and Exodus, Best Wallet makes it easy to store, swap, and manage tokens across 50+ blockchains, all while keeping fees low and security high.
It’s fast, intuitive, and built for the next generation of Web3 users.
It also introduces tools like “Upcoming Tokens,” a crypto screener that allows users to identify and invest in top ICOs while they are still under most investors’ radars.
This utility extends to TradFi with Best Card, replacing the traditional debit card.
It allows seamless real-world transactions using stablecoins anywhere that Mastercard is accepted.
Best Wallet is already making waves, raising over $13.35 million in the presale for its new $BEST utility token. Its app is already featured on Google Play and the App Store.
To learn more about Best Wallet, follow its official X, Telegram, or visit the Best Wallet website.
The post Trump Coin Price Prediction – Elon Musk Deportation Threat Triggers Crisis of Confidence Across MAGA Tokens appeared first on Cryptonews.
