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The Official Trump value surged 36% within the final 24 hours to commerce at $21.92 as of 9:22 p.m. EST on buying and selling quantity that skyrocketed 176% to $6.2 billion.
The surge made TRUMP the largest gainer on CoinMarketCap amongst main cryptocurrencies.
TRUMP Exhibits Indicators Of Bullish Momentum
The TRUMP value has exhibited important volatility over the current buying and selling interval, as noticed within the 4-hour chart.
After a pointy decline from the excessive of $78, the Official Trump value discovered help close to $14.8, marking an excessive low. This dramatic drop was adopted by a interval of consolidation, the place the worth fluctuated in a sideways vary, forming a base across the 78.6% Fibonacci retracement degree at $17.42.
Just lately, the worth of TRUMP has damaged above the 50-period Easy Shifting Common (SMA), at the moment at $16.85, signaling a possible shift in pattern.
The present value of $21.92 exhibits that the asset is making an attempt to reclaim increased Fibonacci ranges, with the 61.8% retracement at $29.91 as the following important resistance degree. The general sample suggests a restoration try after a protracted downtrend, with the worth of Official Trump now exhibiting indicators of bullish momentum.
In the meantime, the 50-day Easy Shifting Common (SMA) at $16.85 was a vital resistance degree in the course of the consolidation part. The present OFFICIAL TRUMP value above this SMA means that bullish momentum is constructing. Sustaining this degree as help will probably be important for continued upward motion.
The Relative Energy Index (RSI) is at 74.61, indicating that the asset is in overbought territory. Whereas this displays robust shopping for strain, it additionally raises the potential for a short-term pullback or consolidation earlier than the following leg up.
The blue Shifting Common Convergence Divergence (MACD) line (0.735) has crossed above the orange sign line (0.591), producing a bullish crossover. Moreover, the MACD histogram is increasing, additional supporting the bullish momentum.
TRUMP/USDT Chart Evaluation (Tradingview)
Official Trump Value Prediction
Given the present market construction and indicator readings, the OFFICIAL TRUMP seems to be within the early phases of a bullish reversal. The quick goal is the 61.8% Fibonacci degree at $29.91. A breakout above this resistance might propel the worth in direction of $47.45 within the brief time period.
Nevertheless, the overbought RSI hints at a potential retracement, with the $17.42 degree serving as a vital help zone.
Because the TRUMP value soars, buyers are additionally shopping for into a brand new meme coin known as Meme Index (MEMEX). In line with 99Bitcoins, a outstanding crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the following 100x crypto.
Meme Index Presale Races Towards $4 Million
The Meme Index venture has already raised greater than $3.6 million throughout its presale as buyers flock to a token that provides diversified meme coin investing for the primary time.
MEMEX gives 4 curated baskets of meme cash to spend money on: Meme Titan, Moonshot, Midcap, and Meme Frenzy.
Every basket gives a unique degree of danger, from the comparatively safer Meme Titan, which invests in meme coin giants like Dogecoin, Shiba Inu and Pepe, to the highest-risk Meme Frenzy, which options rising and extremely risky meme cash for these looking for an exhilarating funding expertise with probably large rewards.
General, Meme Index permits buyers to create balanced portfolios, providing a safer strategy to navigate the unpredictable meme coin market. To entry these funding automobiles, all it’s good to do is purchase MEMEX.
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 can even take part in its presale staking pool, which at the moment gives a stratospheric annual yield of 626%.
To take part within the presale, you should purchase MEMEX tokens on the official web site for simply $0.0161637.
Purchase rapidly to lock in one of the best deal as a result of the token’s value will improve in solely about 10 minutes.
Go to MEMEX on its official web site right here.
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