Join Our Telegram channel to stay up to date on breaking news coverage
The Official Trump price plummeted 29% in the last 24 hours to trade at $33.80 as of 11:24 p.m. EST on trading volume that dropped 49% to $20.7 billion.
This comes after Donald Trump was inaugurated as the 47th president of the United States.
Trump promised during his campaign to usher in a “golden age” for cryptocurrencies, in stark contrast with the regulatory scrutiny of the industry enforced under the administration of former President Joe Biden.
Trump is planning the biggest pro-crypto shift in US history:
• An executive order making crypto a national priority
• A crypto advisory council of industry insiders
• A $20B national Bitcoin stockpile
• Pausing all crypto litigationThis is a complete 180° from the current…
— AllTheMoney (@ATM_xrpl) January 20, 2025
Official Trump Price On A Bearish Trend
The TRUMP price analysis on the 15-minute timeframe reveals a recent bearish trajectory after a strong upward rally earlier.
The Official Trump price currently trades at $33.80, showing a clear downtrend confined within a descending channel, GeckoTerminal data shows.
TRUMP has repeatedly failed to break above the upper boundary of the channel, confirming the downward momentum.
Previously, the asset enjoyed significant bullish momentum, supported by higher trading volumes, but it appears the trend has reversed after failing to sustain levels above $50.32, the 200-day Simple Moving Average (SMA).
Additionally, the 50-day SMA, currently at $38.68, is sloping downward, acting as a dynamic resistance.
This setup indicates a transition from bullish to bearish sentiment, with the descending channel pattern suggesting further downside potential unless a breakout occurs.
The Relative Strength Index (RSI) is at 42.75, signaling weak momentum and leaning towards oversold conditions, but it is not there yet. This suggests selling pressure still dominates, but the asset is not far from potential buyer interest if the RSI dips closer to 30.
However, the Moving Average Convergence Divergence (MACD) shows signs of a trend reversal, with the blue MACD line crossing over the orange signal line, an indication of the bullish crossover.
TRUMP Price Prediction
Given the descending channel and the bearish alignment of the major indicators, TRUMP is likely to continue its downward trajectory in the short term, potentially testing lower supports around $30.00.
If the price of TRUMP fails to hold this level, it could extend losses to the mid-$20 range, where stronger buyer support may emerge.
However, if buying momentum builds, breaking above the 50-day SMA at $38.68 and the descending channel’s upper boundary could signal a reversal. A successful breakout would bring the $50-$55 range into play, targeting the 200-day SMA as resistance
As the Official Trump price plummets, investors are wasting no time buying up a new frog-themed Pepe derivative called Wall Street Pepe (WEPE). Crypto influencer ClayBro, with over 135k subscribers, says it could soar 100X after launch.
Wall Street Pepe Races Past $54 Million – Last Chance To Buy
Wall Street Pepe ($WEPE) is gaining momentum after raising over $54 million and as FOMO builds with just 26 days left in its presale.
The project is opening the secret world of alpha calls to everybody. Below-the-radar, market-moving news flow will no longer be for whales only. Wall Street Pepe is building its alpha group for degens who want to beat the whales.
With its community-driven approach, Wall Street Pepe is poised to make a whale-sized impact in the market, leveraging the collective strength of its holders.
Grinding. Stacking. Focused on the green. 🐸 ⚔️ pic.twitter.com/W0MbgCIoaL
— Wall Street Pepe (@WEPEToken) January 14, 2025
Equipped with trading secrets and insider alpha calls, $WEPE holders are more than just investors—they’re part of a movement to give the little guys a leg up.
The $WEPE Army trading group will be exclusive to Wall Street Pepe token holders. It will be backed by sophisticated traders who will share their strategies as they keep the community on course for increasing profitability.
The WEPE token also comes with a passive income opportunity through its staking feature, which offers a 24% annual percentage yield (APY).
Watching. Waiting. Winning. 🐸 ⚔️ pic.twitter.com/0VXricfy9f
— Wall Street Pepe (@WEPEToken) January 20, 2025
You can buy WEPE tokens from the official website for $0.0003665 using ETH, USDT, or a bank card. Buy before the presale ends in about 26 days.
Related News
- ELON Plunges 18%, Investors Shift Focus To This AI PEPE Derivative
- Wall Street Pepe Close to $54 Million in ICO, Poised for a Surge Amid Market Swings
- 6 Best Cheap Crypto to Buy Now Under 1 Dollar January 20
- How To Buy TRUMP Coin – Crypto Exchanges Listing OFFICIAL TRUMP
Newest Meme Coin ICO - Wall Street Pepe
Join Our Telegram channel to stay up to date on breaking news coverage
