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The Official Trump price pumped 21% in the last 24 hours to trade at $40.83 as of 11:27 p.m. EST on trading volume that dropped 32% to $14.5 billion.
This comes after US President Donald Trump followed through on his promise to pardon Ross Ulbricht, the founder of the online drug market Silk Road, who was imprisoned for 12 years.
According to Trump, Ulbricht’s sentence of 40 years plus two life sentences was “ridiculous.”
Official Trump Price Gearing Up Towards A Sustained Breakout
The TRUMP price chart in the 15-minute timeframe exhibits a consolidation phase after a significant price surge earlier in the chart’s history.
The recent Official Trump price action is forming an ascending triangle pattern, characterized by a series of higher lows and a horizontal resistance level around $41.90, according to data from GeckoTerminal.
Following a steep climb to highs near $76, the price of TRUMP reversed and entered a corrective phase. The consolidation around $40-$45 suggests that traders are waiting for a breakout or breakdown, likely influenced by broader market sentiment or key support/resistance levels.
As a result of the continued drop, the price of Official Trump now trades below both the 50-day and 200-day Simple Moving Averages (SMAs).
However, the 50-day SMA (white line) is moving up towards the 200-day SMA, which could create a golden cross in the coming hours. If this happens, the SMAs could suggest an incoming price surge.
Meanwhile, the Relative Strength Index (RSI) is at 45.66, which is below the neutral 50 level. This places the market in a mildly bearish zone, suggesting weak momentum for a bullish move.
TRUMP Price Prediction
The ascending triangle suggests that the TRUMP price may be gearing up toward a sustained breakout.
If the bulls manage to push the Official Trump price above the horizontal resistance line ($41.90) and regain the 50-day and 200-day SMAs, a breakout could propel the price back toward the $50-$55 range.
Conversely, if TRUMP fails to maintain the $41 support level, a breakdown could lead to a retest of lower levels around $35 or even $30.
As the TRUMP price aims for a continued rally, some investors are turning to the blockbuster meme coin presale Flockerz (FLOCK), which is about to end its presale.
According to 99Bitcoins, a popular crypto channel on YouTube with over 722K subscribers, FLOCK has the potential to soar 100X after its launch.
Flockerz Presale Hits $12.3 Million – Only 5 Hours Left To Buy $FLOCK
The Flockerz presale ends in less than 5 hours, giving investors one last chance to secure its token at a discount before it lists on exchanges.
Flockerz has raised over $12.3 million since its presale last year and has seen an influx of $1.7 million in just the past four days as investors scramble to secure as much $FLOCK as possible.
The project stands out from typical meme coins because of its FlockTopia DAO.
The Flock gets gains! 🐦
Don't miss out on their proprietary workout regiment 💪🚀 pic.twitter.com/OWavPuqanz
— Flockerz (@FlockerzToken) January 21, 2025
The key innovation is that FLOCK holders can earn more tokens by simply voting on important decisions.
Here’s how it works: when someone acquires FLOCK, they automatically join FlockTopia. They can then vote on things like marketing strategies and token burns, and the smart contract reward participants with extra FLOCK tokens.
Apart from these vote-to-earn rewards, users can also earn passively through the platform’s staking mechanism, which offers a sky-high annual yield of 252%.
Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at $0.0066883 each using BNB, ETH, USDT, or bank card.
Buy before the token launches in just hours.
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