Trump and Dump: Crypto's Tumultuous Journey Continues Amid Tariff Uncertainty

In our follow-up analysis to our earlier piece on the “Trump Pump and Dump” phenomenon (read here), we take a closer look at how the “Trump and Dump” saga

Trump Coin’s launch on Binance saw the coin open at 27.25, sparking some cautious optimism among traders. Many hoped this level would act as a strong support, prompting a bounce back in price. However, the latest chart analysis tells a different story. Instead of rebounding, the price has continued its downward slide—a clear indication that the support level was short-lived. The “knife fall” in the chart further underscores the precarious nature of this asset, highlighting how what appeared to be a safe haven has quickly turned into a potential pitfall for unwary investors.

As crypto markets continue to digest the latest developments in the “Trump and Dump” narrative and adjust their strategies in light of anticipated tariff moves, the Trump administration's actions on tariffs—targeting major economies such as China, Canada, and Mexico—are also likely influencing the broader crypto sentiment. There is growing speculation that these tariff moves could lead to a cautious re-pricing of crypto assets, especially with the futures market poised to possibly open with a gap down in the coming hours. This has left many market participants bracing for additional volatility and uncertainty, further complicating an already choppy trading environment.

For crypto speculators riding the “Trump and Dump” wave, the technical outlook offers a potential guidepost. One key metric to monitor is the Relative Strength Index (RSI) on the 12-hour chart. When the RSI crosses above the 30 mark—traditionally seen as an oversold threshold—it could indicate that selling pressure is easing and that a rebound might be imminent. However, caution is advised.