TRUMP Token Faces $30M Short Liquidation Risk Amid Bearish Market Sentiment

The TRUMP meme coin is teetering on a critical price point that could reshape its short-term trajectory. Currently trading around $12.65, the token has struggled to maintain upward momentum, with recent price action reflecting growing uncertainty among traders.

According to on-chain data, nearly $31 million in short positions could be wiped out if TRUMP’s price climbs just 15% to hit $14.52. That price level represents a liquidation threshold for a significant number of bearish bets—highlighting the market’s vulnerability to sudden reversals.

The broader sentiment, however, remains cautious. Despite the buzz surrounding a recent TRUMP-themed event, the coin has shed almost 15% in value since then. The hype failed to translate into sustainable buying pressure, casting doubt on the token’s near-term outlook.

Technical indicators back this bearish view. The Relative Strength Index (RSI), a key momentum gauge, has dropped below the neutral 50 mark, signaling weakening demand. If the RSI continues to slide, TRUMP may be exposed to further downside pressure.

Key support lies at $12.18, with a break below that level potentially pushing the token down to $10.97. Such a move would reinforce the bearish trend and signal declining investor confidence.

Still, the situation isn’t entirely one-sided. A rally driven by fresh investor interest could flip the narrative. If TRUMP can break above $13.36 with strong volume, it may pave the way for a surge to $14.52. Reaching that level would liquidate a substantial chunk of short positions, possibly triggering a wave of volatility and a sharp rebound.

For now, though, traders remain on edge. The market is watching closely, caught between the threat of further losses and the possibility of a liquidation-fueled breakout.