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The Official Trump value plunged 17% within the final 24 hours to commerce at $20.17 as of 9:15 p.m. EST on buying and selling quantity that surged 47% to $3.1 billion.
The drop made TRUMP the highest loser on CoinMarketCap amongst main cryptos by market capitalization, and got here after President Donald Trump ordered sweeping tariffs be imposed on its high three buying and selling companions: Canada, Mexico, and China.
Official Trump Value Might Proceed Dropping
The TRUMP value has been experiencing a powerful downtrend, as mirrored within the 1-hour chart. After a pointy peak at $73, the Official Trump value has persistently declined, forming a descending channel marked by two black pattern strains.
The market construction suggests steady decrease highs and decrease lows, reinforcing a bearish outlook.
At the moment, the worth of TRUMP is testing the decrease boundary of the channel round $20.17, after hitting a neighborhood low of $18.56. Whereas a short-term bounce could also be potential, the general pattern stays downward until key resistance ranges are damaged.
On account of the downtrend, the worth of Official Trump now trades nicely beneath each the 50-day and 200-day Easy Shifting Averages (SMAs), which now assist the continued down motion.
The Relative Power Index RSI is presently at 31.20, approaching the oversold area (beneath 30). A slight bounce from 25.40 suggests some non permanent aid, however the RSI remaining close to oversold ranges signifies persistent promoting stress.
TRUMP/USDT Chart Evaluation (Tradingview)
TRUMP Value Prediction
With the Official Trump value buying and selling inside a well-defined descending channel and failing to interrupt above key shifting averages, the pattern stays bearish. If the TRUMP value breaks beneath $18.56, additional draw back towards $15-$16 is feasible.
Nonetheless, if the worth of Official Trump breaks above the $23.87 resistance (50-day SMA) and sustains momentum, it might problem the $27.08 stage (200-day SMA) earlier than confirming a possible reversal.
Because the TRUMP value plunges, buyers are piling into a brand new meme coin known as Meme Index (MEMEX). Based on crypto analyst and YouTuber Jacob Bury, who has over 54k subscribers, MEMEX has the potential to be the subsequent 10x crypto.
Meme Index Presale Closing On $4 Million Milestone
Meme Index is the world’s first decentralized meme coin index that’s presently in its presale section. The venture has already raised $3.2 million and is gaining momentum.
The MEMEX token affords a number of meme coin baskets for funding, together with the Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index.
Every basket caters to various danger appetites, from comparatively safer choices like Meme Titan to the highest-risk Meme Frenzy, which options rising and extremely unstable meme cash for these in search of an exciting funding expertise with probably enormous rewards.
🚨 Meme Index is stay in Upcoming Tokens! 🚨@memecoin_index presents the first-ever diversified meme coin platform, powered by $MEMEX, giving unparalleled entry to the $120 billion meme coin market.
Meme Index affords unique entry to indexes that cater to each danger… pic.twitter.com/GsiBBuZOzX
— Finest Pockets (@BestWalletHQ) December 27, 2024
MEMEX holders also can take part in its presale staking pool, which presently gives a stratospheric annual yield of 700%.
You should purchase MEMEX tokens on the official web site for simply $0.0157812 to take part within the presale.
buyers can purchase earlier than a value hike in lower than 20 hours.
Purchase MEMEX tokens utilizing USDT, ETH or financial institution card.
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