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As of the article’s preparation, Bitcoin (BTC) 
$105,262 price stood at $96,680, continuing to face selling pressure despite several positive developments. The situation is even worse for altcoins. A significant shift occurred when Trump pulled liquidity from altcoins to his token just hours before taking office, which, combined with DeepSeek and Trump’s tariffs, led to substantial losses within a short span of 15 days.
Insights on Shiba Coin and Trump Coin
With Trump now in office, he has taken steps that could support crypto prices in the long term by addressing numerous structural issues. However, the three events mentioned earlier have triggered a chain reaction, resulting in significant altcoin declines that appear absurd, as if Gensler had won the elections. Shiba Coin has also been adversely affected by this downturn.
The SHIB price, which briefly touched the support level of $0.00001261, has now erased daily gains due to BTC’s downturn. Should the selling persist, it may return to those levels, but we have yet to observe any closing prices below $0.0000156. Falling below this support could complicate matters significantly, while a recovery would aim for the target of $0.00001912.
Around 93 days have passed since Trump’s election victory, during which the excitement led to a complete reversal of the 110% gains achieved.
TRUMP Coin is trying to maintain its position above the support level of $16.6. Like many hyped altcoins, Trump Coin has experienced a steady decline following its listing on Binance, with a price drop of 76%. For a rebound, convincing closing prices above $22.8 are necessary.
Solana (SOL)
Following the recent drop, SOL Coin saw a 25% increase but is now retesting the $176 level. Despite the all-time high supported by Trump Coin, fluctuations in Bitcoin’s price have exacerbated losses for SOL Coin investors. Currently, SOL Coin is about 33% below its peak while BTC is lingering around $96,600.
If the decline persists, closing prices below $198 are anticipated. As the situation unfolds, this trend has already begun, and a loss of the next support could lead to testing $157. Discussions about potential deeper drops due to BTC’s losses continue to circulate on social media, prompting altcoin investors to tread cautiously.
