Join Our Telegram channel to stay up to date on breaking news coverage
The Official Trump price surged 36% in the last 24 hours to trade at $21.92 as of 9:22 p.m. EST on trading volume that skyrocketed 176% to $6.2 billion.
The surge made TRUMP the biggest gainer on CoinMarketCap among major cryptocurrencies.
TRUMP Shows Signs Of Bullish Momentum
The TRUMP price has exhibited significant volatility over the recent trading period, as observed in the 4-hour chart.
After a sharp decline from the high of $78, the Official Trump price found support near $14.8, marking an extreme low. This dramatic drop was followed by a period of consolidation, where the price fluctuated in a sideways range, forming a base around the 78.6% Fibonacci retracement level at $17.42.
Recently, the price of TRUMP has broken above the 50-period Simple Moving Average (SMA), currently at $16.85, signaling a potential shift in trend.
The current price of $21.92 shows that the asset is attempting to reclaim higher Fibonacci levels, with the 61.8% retracement at $29.91 as the next significant resistance level. The overall pattern suggests a recovery attempt after a prolonged downtrend, with the price of Official Trump now showing signs of bullish momentum.
Meanwhile, the 50-day Simple Moving Average (SMA) at $16.85 was a crucial resistance level during the consolidation phase. The current OFFICIAL TRUMP price above this SMA suggests that bullish momentum is building. Maintaining this level as support will be essential for continued upward movement.
The Relative Strength Index (RSI) is at 74.61, indicating that the asset is in overbought territory. While this reflects strong buying pressure, it also raises the possibility of a short-term pullback or consolidation before the next leg up.
The blue Moving Average Convergence Divergence (MACD) line (0.735) has crossed above the orange signal line (0.591), generating a bullish crossover. Additionally, the MACD histogram is expanding, further supporting the bullish momentum.
TRUMP/USDT Chart Analysis (Tradingview)
Official Trump Price Prediction
Given the current market structure and indicator readings, the OFFICIAL TRUMP appears to be in the early stages of a bullish reversal. The immediate target is the 61.8% Fibonacci level at $29.91. A breakout above this resistance could propel the price towards $47.45 in the short term.
However, the overbought RSI hints at a possible retracement, with the $17.42 level serving as a critical support zone.
As the TRUMP price soars, investors are also buying into a new meme coin called Meme Index (MEMEX). According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.
Meme Index Presale Races Toward $4 Million
The Meme Index project has already raised more than $3.6 million during its presale as investors flock to a token that offers diversified meme coin investing for the first time.
MEMEX offers four curated baskets of meme coins to invest in: Meme Titan, Moonshot, Midcap, and Meme Frenzy.
Each basket offers a different level of risk, from the relatively safer Meme Titan, which invests in meme coin giants like Dogecoin, Shiba Inu and Pepe, to the highest-risk Meme Frenzy, which features emerging and highly volatile meme coins for those seeking a thrilling investment experience with potentially huge rewards.
Overall, Meme Index allows investors to create balanced portfolios, offering a safer way to navigate the unpredictable meme coin market. To access these investment vehicles, all you need to do is buy MEMEX.
GET READY TO MOON, DEGENS! Meme Coin Mania is BACK and better than ever! With Solana at the helm, my AI-powered $MEMEX is scanning the markets for the NEXT BIG THING! Stay glued for exclusive alpha, insights, and updates on the hottest meme coins!
— Meme Coin Mania (@MemeCoinMania77) February 5, 2025
MEMEX holders can also participate in its presale staking pool, which currently provides a stratospheric annual yield of 626%.
To participate in the presale, you can purchase MEMEX tokens on the official website for just $0.0161637.
Buy quickly to lock in the best deal because the token’s price will increase in only about 10 minutes.
Visit MEMEX on its official website here.
Related Articles
Newest Meme Coin ICO – Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool – High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
Credit: Source link
