Trump experiences drop at crucial points; Dogecoin targets potential support at $9.70
In the dynamic world of cryptocurrencies, the TRUMP memecoin, which made a splash on the Solana network earlier this year, is now making waves on the Tron blockchain.
After a tumultuous journey that saw the memecoin surge from under $10 to an impressive $80 in January 2025, only to collapse 90% to about $8.60 by July, the project has found a new home on Tron. This move is aimed at tapping into Tron's large user base and fast transaction speeds, offering a fresh start for the memecoin.
As of late July 2025, TRUMP's price has slightly rebounded to around $10.29 with a market cap near $2 billion, supported by renewed investor interest and trading volume.
However, the outlook for TRUMP on the Tron network is cautiously optimistic but tempered by recent market challenges and technical factors. A major concern is the market correction that has caused the memecoin's price to drop to $9.70. Yet, there are signs of a reversal, with the Relative Strength Index (RSI) supporting this trend, as it stands at 35, near the oversold territory, a level that often signals a potential trend reversal.
The decline in the TRUMP memecoin may be due to the overall market shift into a correction phase. However, the TRUMP Long/Short Ratio remains at 0.91, indicating traders remain bearish in this environment.
Another factor shaping the outlook is Bitcoin dominance, which has been increasing over the past three days, potentially indicating a fading of interest in altcoins like TRUMP. No immediate signs of TRUMP decoupling from Bitcoin-driven market cycles are evident.
Despite these challenges, the TRUMP team's strategic move to launch on Tron, facilitated by Tron founder Justin Sun's $100 million token purchase, aims to boost adoption and liquidity. Tron’s partnership with LayerZero for mainnet launch is expected to improve market access, though community reception remains mixed.
In a recent statement, Justin Sun declared, "All roads lead to TRON." This sentiment is echoed by the accumulation of TRUMP memecoin by investors, as revealed by CoinGlass data.
However, if the bearish market structure remains intact and TRUMP falls below the $9.65 level, a further price drop of 12.50% could occur, potentially taking the memecoin down to the $8.50 level.
In conclusion, while TRUMP has endured a major correction, the upcoming Tron network expansion backed by significant investment and improved infrastructure could lead to renewed interest. However, meme coins remain highly volatile, and market conditions, Bitcoin dominance, and broader crypto sentiment will strongly influence its trajectory. Caution and close technical analysis remain advisable for traders considering TRUMP on Tron.
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- Despite the recent market challenges and technical factors, the TRUMP team's strategic move to launch on the Tron blockchain, facilitated by Tron founder Justin Sun's significant investment, aims to boost adoption and liquidity for TRUMP.
- The TRUMP Long/Short Ratio remains at 0.91, indicating traders remain bearish in this environment, but the Relative Strength Index (RSI) supports a potential trend reversal, as it stands at 35, near the oversold territory.
- The increase in Bitcoin dominance over the past three days, potentially indicating a fading of interest in altcoins like TRUMP, is another factor shaping the outlook for TRUMP on the Tron network.
- The upcoming Tron network expansion could lead to renewed interest in the TRUMP memecoin, but traders should exercise caution and closely analyze market conditions, Bitcoin dominance, and broader crypto sentiment before investing.
