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The Official Trump value 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 value 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 had been taken benefit of. We had been led by, in some instances, fools…. Tariffs are going ahead.” pic.twitter.com/f02XbiAdja
— Mr Producer (@RichSementa) February 24, 2025
Official Trump Value Exhibits Indicators Of A Seemingly Rebound
The TRUMP value chart is displaying a powerful bearish development, with value motion repeatedly declining inside a descending wedge sample. The Official Trump value has now damaged beneath the decrease trendline of this wedge, suggesting a potential additional drop.
In the meantime, the breakdown from the wedge is often a bearish sign, however on condition that descending wedges typically result in reversal patterns, there may be nonetheless a chance of a bounce-back if key assist ranges maintain.
The latest Official Trump value motion round $13.08 suggests the market is testing decrease ranges for potential liquidity earlier than deciding on the following transfer, in keeping with GeckoTerminal information.
The 50 and 200 Easy Shifting Averages (SMAs) on the 1-hour chart are trending downward, confirming the bearish sentiment. TRUMP is at present buying and selling effectively beneath each, reinforcing the downtrend.
Furthermore, the Relative Power Index (RSI) at 29 reveals that the asset is oversold, which may result in a short-term reduction rally.
If the RSI begins turning upward whereas the value stays regular or varieties a bullish divergence, there might be an try at restoration.
TRUMP Value Prediction
Within the quick time period, the value of TRUMP is more likely to proceed going through downward strain, with potential assist round $12.50-$13.00.
If the Official Trump value stabilizes and the RSI reveals power, a bounce towards the $15.00-$16.50 zone (earlier support-turned-resistance) may happen.
Nonetheless, if sellers stay dominant, additional decline towards $10.00 is feasible.
Because the TRUMP value plunges, traders are shifting focus to a brand new meme coin known as Meme Index (MEMEX). In response to 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 Garners Over $3.8 Million—Subsequent 100X Crypto?
Meme Index is remodeling meme coin investing with an ETF-like method to diversification.
Buyers can achieve publicity to a number of meme property with a single transaction, simplifying portfolio diversification and lowering the complexity of managing a number of tokens.
As a substitute of the same old chaos, the venture presents 4 curated indexes overlaying the whole lot 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 looking for an exciting funding expertise with doubtlessly big rewards.
This distinctive method has captured the eye of traders, who’ve already pumped over $3.84 million into the venture’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 ought to be included within the index. This characteristic offers traders direct affect over the asset composition, making certain that the index adapts to market traits.
MEMEX holders also can take part in its presale staking pool, which at present supplies 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 most effective deal earlier than the token’s value will increase in lower than 2 days.
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