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The Official Trump worth plunged 14% within the final 24 hours to commerce at $13.08 as of 11:41 p.m. EST on buying and selling quantity that surged 140% to $1.3 billion.
This drop within the TRUMP worth comes after US President Donald Trump mentioned that steep tariffs on Canadian and Mexican merchandise are certainly coming subsequent week.
“The tariffs are going ahead on time, on schedule,” Trump mentioned in a press convention with French President Emmanuel Macron on the White Home on Monday.
Trump: “We have been taken benefit of. We have been led by, in some instances, fools…. Tariffs are going ahead.” pic.twitter.com/f02XbiAdja
— Mr Producer (@RichSementa) February 24, 2025
Official Trump Worth Reveals Indicators Of A Possible Rebound
The TRUMP worth chart is displaying a robust bearish pattern, with worth motion repeatedly declining inside a descending wedge sample. The Official Trump worth has now damaged under the decrease trendline of this wedge, suggesting a potential additional drop.
In the meantime, the breakdown from the wedge is usually a bearish sign, however provided that descending wedges typically result in reversal patterns, there’s nonetheless a chance of a bounce-back if key assist ranges maintain.
The current Official Trump worth motion round $13.08 suggests the market is testing decrease ranges for potential liquidity earlier than deciding on the subsequent transfer, based on GeckoTerminal information.
The 50 and 200 Easy Transferring Averages (SMAs) on the 1-hour chart are trending downward, confirming the bearish sentiment. TRUMP is at the moment buying and selling properly under each, reinforcing the downtrend.
Furthermore, the Relative Power Index (RSI) at 29 reveals that the asset is oversold, which might result in a short-term aid rally.
If the RSI begins turning upward whereas the worth stays regular or kinds a bullish divergence, there might be an try at restoration.
TRUMP Worth Prediction
Within the quick time period, the worth of TRUMP is more likely to proceed going through downward strain, with potential assist round $12.50-$13.00.
If the Official Trump worth stabilizes and the RSI reveals energy, a bounce towards the $15.00-$16.50 zone (earlier support-turned-resistance) might happen.
Nonetheless, if sellers stay dominant, additional decline towards $10.00 is feasible.
Because the TRUMP worth plunges, traders are shifting focus to a brand new meme coin known as Meme Index (MEMEX). In accordance with 99Bitcoins, a distinguished crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the subsequent 100x crypto.
Meme Index Presale Garners Over $3.8 Million—Subsequent 100X Crypto?
Meme Index is reworking meme coin investing with an ETF-like method to diversification.
Traders can achieve publicity to a number of meme belongings with a single transaction, simplifying portfolio diversification and decreasing the complexity of managing a number of tokens.
As an alternative of the standard chaos, the challenge gives 4 curated indexes protecting every thing from Dogecoin and Pepe to newly launched cash.
These indexes are Meme Titan, Moonshot, Midcap, and Meme Frenzy. Every basket caters to various threat appetites, from comparatively safer choices like Meme Titan to the highest-risk index, Meme Frenzy, which options rising and extremely risky meme cash for these in search of an exciting funding expertise with probably big rewards.
This distinctive method has captured the eye of traders, who’ve already pumped over $3.84 million into the challenge’s presale.
GET READY TO MOON, DEGENS! Meme Coin Mania is BACK and higher than ever! With Solana on the helm, my AI-powered $MEMEX is scanning the markets for the NEXT BIG THING! Keep glued for unique alpha, insights, and updates on the most well liked meme cash!
— Meme Coin Mania (@MemeCoinMania77) February 5, 2025
MEMEX holders even have a voice in governance, voting on which new meme cash must be included within the index. This characteristic offers traders direct affect over the asset composition, guaranteeing that the index adapts to market traits.
MEMEX holders may also take part in its presale staking pool, which at the moment offers a stratospheric annual yield of 593%.
To take part within the presale, you should purchase MEMEX tokens on the official web site for simply $0.0165556.
Purchase MEMEX quickly to lock in the very best deal earlier than the token’s worth will increase in lower than 2 days.
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