Donald Trump-Themed Meme Coins – Big Drops and Bigger Rallies Ahead of Inauguration

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Donald Trump, who will become the U.S. President on January 20th, is due to assume office. In the days leading up to this event, known as D-Day, there have been indications of excitement in the cryptocurrency market, particularly among meme coins linked to Trump.

BeInCrypto has analyzed three of the biggest Trump meme coins, which investors should watch

MAGA (TRUMP)

The meme-based cryptocurrency known as MAGA, which trades under the symbol TRUMP, has attracted a lot of interest but hasn’t been the top performer lately. Following some initial robust growth, TRUMP has seen a series of losses over the past week, demonstrating its unpredictable behavior within the crypto market.

So far this year, TRUMP has seen an impressive increase of 84%, but it recently took a 16% hit within the past day. If bullish sentiment continues to build up towards the inauguration, this meme coin could potentially climb above $3.15 and aim even higher at $4.44, restoring investor trust.

If a positive outlook for TRUMP doesn’t emerge, it might continue to fall, possibly reaching $1.84. This could happen if investors decide to sell off, particularly since the excitement surrounding the inauguration may fade, reducing anticipation.

Trog (TROG)

The rapidly growing digital currency known as TROG, modeled after former U.S. President Trump, has been grabbing headlines due to an astounding 169% surge over the last seven days. Yet, it saw a significant 20% decline in just the past day, highlighting its characteristic volatility within the meme coin market.

At present, TROG is positioned above the key support of 0.00004464 USD. If this level persists, there’s a possibility that the meme coin could rebound to approximately 0.00007406 USD, reestablishing its upward trend. Such a rise would strengthen bullish sentiments and extend the positive price action observed earlier in the week.

Instead, if TROG were to lose its vital backing worth approximately $0.00004464, it could lead to a substantial drop in value. Dropping as low as $0.00001669 might contradict the positive forecast, possibly undoing recent progress and reducing investor excitement for this cryptocurrency.

Department Of Government Efficiency (DOGE)

The meme cryptocurrency Dogecoin, linked with Donald Trump, has been attracting attention because of its relationship with Elon Musk, who is currently jointly leading the Department of Efficient Government. This distinctive association gives Dogecoin a significant spotlight as a meme coin worth keeping an eye on.

If the meme coin manages to regain its crucial support level at $0.161, it could propel DOGE towards $0.229. Breaking through this level might trigger additional growth, possibly taking the price up to $0.312 and offering significant profits for investors.

If the excitement around DOGE wanes sooner than anticipated, the cryptocurrency might experience a drop. In this scenario, the meme coin might challenge its support level at $0.094, undoing recent advancements and potentially dismissing the present optimistic perspective.

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2025-01-13 20:58