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The Official Trump price has slumped 6% in the last 24 hours to trade at $26.35 as of 7:00 a.m. EST on a 21% plunge in trading volume of $1.9 billion.
Official Trump Price Rebounds Within A Descending Triangle
The TRUMP/USD trading pair on the 1-hour timeframe is forming a descending triangle pattern, generally considered a bearish continuation setup. However, in this case, the price shows signs of a possible bullish breakout, especially with a double-bottom support zone around $24.50 – $25.00. The descending trendline has been acting as a resistance level, and the price is currently testing the 50-period Simple Moving Average (SMA) at $26.99, which is a key level to watch.
TRUMPUSD Analysis Source: Dextools.io
The Moving Average Convergence Divergence (MACD) indicator shows the MACD line at 0.030, slightly above the signal line at -0.443, indicating a possible shift toward bullish momentum. Additionally, the histogram is moving closer to the zero line, suggesting that momentum may soon turn positive. Meanwhile, the Relative Strength Index (RSI) is at 48.17, which means the asset is in a neutral zone. If the RSI moves above 50, it could confirm further upside potential.
Key price levels include the support zone between $24.50 – $25.00, where a double-bottom formation has provided stability. The current price is $26.15, and if the price successfully breaks above the $26.99 resistance level, it could trigger a bullish move toward $30 – $32. However, failure to break this level could result in another pullback, potentially retesting the $24.50 – $25.00 range.
A breakout above the descending triangle and the 50-period SMA could confirm a bullish trend, with $30 – $32 as the next target. On the other hand, if the price gets rejected at resistance, it may indicate continued consolidation or a downside move. Traders should closely monitor price action around $26.99, as this will determine the next significant move.
Solaxy Presale Rockets Past $16.6M – Next Crypto To Explode?
As the official Trump price rebounds for a potential rally, investors are rushing to buy Solaxy (SOLX), a new Solana-based meme coin and the first layer-2 solution for the Solana network that is racing toward $17 million in presale.
Solaxy uses its sidechain and scaling technology to help reduce congestion levels on Solana. It works alongside the Solana mainnet, adding extra power to support the expected surge in activity during the meme coin supercycle. Solaxy will increase transaction capacity and lower fees by improving Solana’s infrastructure.
Solaxy Presale Reaches $15M as New ETFs to Cause a Bull Run? https://t.co/vaXeR37jcx https://t.co/vaXeR37jcx pic.twitter.com/oUjmqTdGpJ
— Bikrram Basaak (@CryptoBikram) January 28, 2025
The project also supports Ethereum (ETH) and Solana (SOL), allowing seamless cross-chain transactions. As Solana’s first layer-2 solution, it blends cutting-edge technology with the excitement of a meme coin.
By combining Solana’s speed with Ethereum’s security and liquidity, SOLX has the potential to transform decentralized finance (DeFi). Additionally, a lucrative staking program for presale investors offers an impressive 240% APY, which could boost the already-strong investor interest.
The 99Bitcoins YouTube channel, with over 722K subscribers, classifies SOLX among the best three meme coins that could surge 100x post-launch.
Right now, SOLX is priced at $0.00162 and can be purchased through the widget embedded on the project’s website. Payments are accepted in BNB, ETH, USDT, or bank cards.
A presale price hike is set to take place in 17 hours, so investors are encouraged to act quickly to lock in the best deal during this early stage.
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