Official Trump (TRUMP) – a Solana meme coin launched by President Donald Trump – has been the topic of maximum volatility since its launch barely per week in the past.
Whereas it began with a parabolic pump, climbing from $5 to a peak of $73 inside 48 hours of going reside, Official Trump has continually traded down for the reason that arrival of one other rival meme coin – Official Melania Meme (MELANIA).
TRUMP, in line with CoinGecko, is buying and selling round $27 at press time, almost 62% under its all-time excessive.
Whereas it recorded a slight surge throughout the week, maybe on account of its itemizing on Robinhood and eToro, the Solana meme coin is again buying and selling within the crimson as soon as once more and has gone down by roughly 20% within the final 24 hours.
Likewise, its market valuation, which initially exploded to $17 billion, has fallen considerably and at present hovers round $5 billion.
Ought to sidelined buyers purchase the dip or diversify their investments to imminent meme coin listings like Wall Road Pepe (WEPE)?
Can Bulls Regain Dominance within the Trump Token Market?
The official Trump coin is in a fierce battle to keep up the bullish momentum that introduced it into the limelight. Whereas it nonetheless trades within the inexperienced on the weekly charts, its worth has been extra on the draw back over the previous three days, dropping by nearly 12%.
Equally, its day by day buying and selling quantity has plummeted 30% to $4.17 billion, suggesting a decline in market exercise.
A zoomed-out take a look at the four-hour charts additional reveals a bearish drive because the meme coin trades inside a good vary of a falling edge.
Furthermore, the RSI divergence indicator sits at 43.80, reflecting intense promoting strain that would swing the meme coin to the oversold area. Per Dexscreener knowledge, the TRUMP/USDC buying and selling pair has witnessed not lower than $79 million sale quantity over the previous 24 hours, in comparison with solely $35 million buy quantity.
Analysts see this as a bearish sign, suggesting that extra downward motion could possibly be on the horizon for TRUMP if sellers persist.
Nonetheless, ought to the bulls regain dominance, they might push the token worth towards the primary resistance at $45. Breaching this stage may unlock additional upward motion, with the subsequent resistance at $59 and a extra bold goal at $74.
Conversely, the Trump coin worth may reverse to chase the $18 assist.
Sharing extra insights into the doable worth motion of $TRUMP is 99Bitcoins, a well-known crypto YouTube channel with over 723k subscribers. In a latest video, the crypto channel made a bearish case for the Solana meme coin, saying its descending channel suggests the probability of a extra downward pattern within the coming days.
What’s Subsequent For TRUMP Coin?
With sellers nonetheless dominating its market momentum, the Trump coin may see a collection of decrease highs and decrease lows within the short-term.
Merchants may look ahead to affirmation indicators from the RSI and MACD alignment earlier than getting into positions. Proper now, the MACD indicator upholds a promote sign, because the blue MACD line (-3.0612) has crossed under the orange sign line (-2.2357).
Extra so, in line with CoinGlass knowledge, $TRUMP’s open curiosity has dropped drastically to $914.11 million. If the RSI breaks above 50, it could possibly be a bullish set off. In any other case, warning is suggested.
Nonetheless, because the token oscillates throughout the tight falling wedge, its subsequent main transfer might set the tone for its efficiency within the coming weeks.
Wall Road Pepe – Upcoming Meme Coin Itemizing With 100x Potential
Whereas one other pump just isn’t utterly out of sight for $TRUMP, market specialists are saying it now has restricted upside potential, contemplating its multi-billion greenback market cap.
It’s, subsequently, no shock that good cash buyers are turning to low-cap meme cash with greater progress potential like Wall Road Pepe.
The token’s presale, which is billed to return to an in depth subsequent month, has been in excessive demand and can be crushing the $60 million milestone within the coming days.
Not like $TRUMP, Wall Road Pepe merges humor with tangible utility options, offering token holders with unique entry to Wolf of Wall Road buying and selling insights, cutting-edge market alpha, and elite ideas that can assist them outtrade the few whales and amplify their returns.
One other key promoting level of this new mission is its VIP personal group, dubbed the “WEPE Military.” By way of this group, members of the group can come collectively, brainstorm, and share concepts on the best way to collectively transfer the market.
Buying and selling competitions may also go reside quickly, with high performers receiving free $WEPE tokens. Along with this, Wall Road Pepe provides staking choices, offering a passive avenue for presale consumers to compound their positive factors even earlier than the token is finally listed on exchanges.
The mix of those standout components has boosted WEPE’s reputation amongst buyers.
With lower than 23 days to its full debut, WEPE is already being thought-about by main publications like FinanceFeeds as among the best alternatives available on the market proper now.
Likewise, outstanding names throughout the trade have additionally mentioned its excessive potential, with many even calling it the subsequent 100x gem.
Forward of its eagerly-awaited launch, these eyeing vital returns within the upcoming bull run might contemplate making the most of the early-moving entry offered by its presale.
Go to Wall Road Pepe