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The Official Trump worth dropped 11% within the final 24 hours to commerce at $15.69 as of two:00 a.m. EST on buying and selling quantity that surged 45% to $1.55 billion.
This drop within the TRUMP worth comes after the US President mentioned that he plans to announce 25% metal and aluminium tariffs this Monday, Feb. 10. The tariffs will concern all metal and aluminium imports, together with from Canada and Mexico, but in addition different import duties later this week.
Trump 25% import tariff of Metal and Aluminum will impression these nations https://t.co/TGTjtZfDkT pic.twitter.com/PPko6bUJFw
— David Lee (@DavidLe76335983) February 9, 2025
Trump first introduced the brand new upcoming tariffs on Friday, and his meme coin, Official Trump, has been dropping ever since. The token’s worth went from $20 on Feb. 5 to $14.91 a couple of hours in the past. Since then, it managed to see a slight restoration which took its worth to $15.69.
Official Trump Worth Prediction
After the Official Trump worth spiraled down from $20 on Feb. 5 to simply above the assist at $15 on Saturday, Feb. 8, TRUMP noticed a minor restoration that took it as much as $17.9. Nonetheless, the resistance at $18 rejected its worth, inflicting it to dip to $14.85 a couple of hours in the past.
The token’s Bollinger Bands have been comparatively tight as its worth was recovering over the weekend, solely to then see a slight widening because it began dropping once more on Sunday, Feb. 9.
Its greatest widening in the previous few days occurred within the final 12 hours, as its worth began fluctuating between the decrease band and the center line between the 2 bands. It even stays extensive now, because it bounced from the decrease band to the higher one.
TRUMP/USDT 15-minute chart (Supply: TradingView)
The meme coin’s Relative Energy Index (RSI) exhibits that earlier than Sunday, TRUMP’s RSI fluctuated between the impartial worth at 50 and the overbought zone. Nonetheless, on Sunday, it crashed from the overbought zone to the oversold one, fluctuating between 30 and 45.
Over time, the fluctuations began rising sharper and bigger, dipping deeper into the oversold zone, and managing to recuperate to 50 as merchants began shopping for and promoting extra recklessly. Then, a number of hours in the past, the RSI confirmed a significant enhance in shopping for strain which pushed the RSI from the worth of 23.54 to 62.57, which is the place it sits on the time of writing, as soon as once more heading for the overbought zone.
Whereas the token’s worth is surging proper now, it has seen a extreme drop during the last 5 days, and it’ll probably be some time earlier than it may make a full restoration.
Promising Different To Official Trump
Those that hesitate to purchase TRUMP as a consequence of its excessive volatility can think about getting Meme Index (MEMEX) as a substitute.
It is a new undertaking that introduces a safer strategy to put money into meme cash by shopping for indexes — baskets of various meme cash that signify total portfolios which you can put money into without delay. There are 4 baskets on provide, and every comes with a unique degree of danger, permitting traders to seek out the one they’re most comfy with.
Titan is the most secure, solely containing top-ranking meme cash. Moonshot comes proper after that, holding meme cash which are slightly below the most important ones. In the meantime, MidCap has these whose market cap is between $25 million and $250 million, and Frenzy holds the riskiest ones, that includes new and experimental tasks that might blow up or flop fully.
To investing in any of the undertaking’s baskets, you want the undertaking’s native token, MEMEX, which is at the moment in ICO. The presale has managed to lift over $3.5m up to now, and MEMEX at the moment sells for $0.0160352.
Shopping for MEMEX may even allow you to be part of the voting course of and choose which cash ought to enter which index. Nonetheless, it’s also price noting that MEMEX has huge potential of its personal, with consultants like ClayBro, a crypto YouTuber with over 136k subscribers, claiming that it has 10x potential.
Purchase MEMEX right here earlier than a worth enhance in 21 hours to lock in the very best ICO deal.
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