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The TrumpCoin price has gone ballistic with a 68% surge over the past 24 hours to trade at $0.01815 as of 7:45 a.m. EST as investors rush to buy the political meme coin.
This surge in the DJT price comes after Martin Shkreli, also known as “Pharma Bro,” said that he helped former US President Donald Trump’s 18-year-old son, Barron Trump, launch TrumpCoin.
🚨🇺🇸 MARTIN SHKRELI: CAMERON IS FRIENDS WITH BARRON
“I said, ‘Listen, you’ve got to get Barron to be bold here and not be afraid of some attorneys.
Just take this thing, admit that it’s his, and move forward.’
The surprise, which nobody figured out, is that Zach XBT is saying… https://t.co/pMFJf3Cdhn pic.twitter.com/z08xympBV4
— Mario Nawfal (@MarioNawfal) June 19, 2024
Shkreli then went on to say in a Jun. 19 X post that “he taught” someone how to create a contract and added that “they pushed the button,” not him.
The keys to the smart contract are “with Trump,” according to Shkreli.
In 2017, Shkreli was convicted on charges of securities fraud and conspiracy He was sentenced to seven years in prison and forced to pay over $70 million in fines.
The TrumpCoin Price Challenging Major Resistance
4-hour chart for DJT/USD (Source: GeckoTerminal)
The TrumpCoin price rebounded off of the $0.00844 support level in the last 24 hours, catapulting the meme coin into a positive sequence. Since bouncing off of the significant price point, DJT has printed a series of higher highs and higher lows on the 4-hour chart, resulting in the formation of an ascending price channel.
Should this bullish momentum continue, the TrumpCoin price could soon flip the $0.01789 barrier into support. A 4-hour candle close above this threshold might then give the crypto the technical foundation needed to keep climbing in the short term. Traders might subsequently enter into a long position for DJT, which could push its price to as high as $0.02583.
On the other hand, the TrumpCoin price getting rejected by the $0.01789 resistance in the next 12 hours might invalidate the bullish thesis. If DJT struggles to establish a position above this technical barrier, holders could start to panic sell their holdings in the altcoin.
With this potential sell pressure, the TrumpCoin price could be at risk of correcting down to the aforementioned $0.00844 support. DJT might even plunge to as low as $0.00410 in the short term if bears continue to exert pressure on the meme coin’s price.
A Potential Breakout In The Cards For The TrumpCoin Price
Traders and investors will want to take note of the symmetrical triangle that has formed on DJT’s 4-hour chart. This specific chart pattern suggests that the TrumpCoin price might undergo a strong move soon. Although the pattern alone cannot be used to gauge in which direction this large move could be in, DJT’s price in respect to the pattern might serve as a clue.
In the last 4 hours, the TrumpCoin price was able to break above the upper boundary of the symmetrical triangle pattern. This might indicate that DJT will explode to the upside. However, there is still time for bears to pull the meme coin’s price down as it attempts to overcome $0.01789.
A confirmation of the potential price surge might be if the TrumpCoin price closes a 4-hour candle above $0.01789 within the next 12 hours. Conversely, the meme coin failing to break above this point within the next 12 hours could be followed by a price plunge to $0.00844.
While traders wait to see in which direction the TrumpCoin price will go, the presale for Base Dawgz (DAWGZ) has gone parabolic as it races towards $2 million.
Looking To Become The Next Base Meme Coin King
Base Dawgz (DAWGZ) is on a mission to become the next meme coin king within the Base ecosystem. Unlike its predecessors with barely any utility, DAWGZ allows its holders to seamlessly transfer their value across multiple networks.
Investors are able to shift value on some of the most liquid and active networks, including Ethereum, BNB Chain, Avalanche and Solana. To achieve this, the project utilizes Wormhole’s advanced cross-chain technology.
With its high levels of utility and its appeal to meme coin investors, it is no wonder that analysts are bullish on the crypto.
Renowned YouTuber Jacob Bury shared his positive outlook for DAWGZ to his 40,000 subscribers. He even confidently predicted that DAWGZ could explode 100X.
Encouraging Community Participation
Base Dawgz has raised over $1.8 million through its ICO so far. This is after investors sent $200,000 to the project’s presale in just the first day of it going live.
There is currently an airdrop campaign running for DAWGZ. To be eligible, community members need to create marketing content related to the meme coin and share it online. Thee creators will be rewarded with points, which can be redeemed for tokens.
DAWGZ also allows anyone to create a custom referral link, which will reward referrers with up to 10% of the purchase amount for any sales generated through their links.
Purchase DAWGZ tokens on its official website here for $0.00527 each.
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