🔥 Official $TRUMP : Should traders sell before TRUMP drops to $2.36?

The memecoin sector posted overall gains, rising 0.93% to reach a total market cap of $29.93 billion.

At press time, the best-performing popular memes in the short-term were Pippin [PIPPIN] and Pudgy Penguins [PENGU], gaining 14.2% and 4.6%, respectively, in 24 hours.

Dogecoin [DOGE] was only up 0.59% for the day, by contrast, and Official Trump [TRUMP] was down by 4.23%. TRUMP has been one of the weakest memes over the past week, sliding 15.8% and operating within a longer-term downtrend.

In 2026, Official Trump has recorded a 39.6% drawdown. The bearish long-term trend meant that more losses were likely.

Plotting the next TRUMP price target

The first two weeks of the year saw a sizeable bounce across the crypto market, and Official Trump token prices also surged briefly above $5.5. Towards the end of January, the price fell below the previous swing low at $4.68 (orange).

This marked a continuation of the downtrend. Since then, the bears have remained in control, driving prices lower relentlessly. In early February, a big imbalance (white box) was left around $3.6-$4.1

Over the past month, TRUMP prices visited this area multiple times, but were unable to climb meaningfully into it. This highlighted the $4 zone as a powerful supply zone. At the time of writing, the price was below the psychological round number support at $3.

The Fibonacci extension levels showed that the next price targets were $2.368 and $1.312.

Final Summary

The memecoin sector saw some bullishness in the past 24 hours, but it was too little momentum to reverse the longer-term downtrend.

TRUMP was one of the weaker-performing memes, and its downtrend looks likely to continue.