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The OFFICIAL TRUMP price dropped 18% in the last 24 hours to trade at $12.37 as of 4:10 a.m. EST on trading volume that plunged 43% to $2.2 billion.
The decrease in the TRUMP price comes after US President Donald Trump imposed new 25% tariffs on imports from Mexico and Canada that came into effect today, alongside a significant increase in duties on Chinese products to 20%. This move has sparked fresh trade disputes with the three largest trading partners of the United States.
These tariff measures, which have the potential to disrupt nearly $2.2 trillion in annual bilateral trade, were implemented at 12:01 a.m. EST, just hours after Trump announced that all three nations had not done enough to curb the influx of the lethal fentanyl opioid and its precursor substances into the United States.
OFFICIAL TRUMP Price Prediction
The OFFICIAL TRUMP price dropped from over $15 yesterday to $12.37. Its Bollinger Bands have been going through a pattern of widening when the price goes down, followed by tightening as it encounters new small supports that briefly stop its decline.
After the price found its bottom at $12, it finally stopped pushing the bottom band further down, allowing the bands to tighten again, as uncertainty surrounding the token increased.
15-minute chart for TRUMP/USDT (Source: TradingView)
The project’s Relative Strength Index (RSI) also suggests that traders have not been optimistic about the state of TRUMP, overselling the token and pushing its value down to 20. Since then, some crypto users have decided to buy the dip, but while the RSI rose back to 47.57, the price only managed to stabilize, rather than see any real growth as of yet.
The sharp drop could be followed by a recovery in the hours to come if more traders opt to buy while the price is low. For the time being, however, the recent trend reversal has been nullified, and the bearish influence has returned to the sector.
Promising Alternative To OFFICIAL TRUMP
The TRUMP meme coin may be dropping, but new BTC Bull Token (BTCBULL) is seeing a much warmer response. This is a new meme coin project that calls itself the official Bitcoin meme coin.
The project’s goal is to help Bitcoin’s price grow by offering major rewards whenever BTC hits another major milestone. Those who buy its native cryptocurrency, the BTCBULL token, will be eligible to participate in airdrops distributing free BTC when Bitcoin hits price milestones such as $150k and $200k per coin.
The project believes that Bitcoin has the potential to reach $1 million per coin and beyond, and its help is meant to speed up the process. Along the way, those who buy BTCBULL will be able to benefit from this token as well, thanks to its staking and burning mechanisms.
Staking allows you to lock up your BTCBULL and earn more of it over time, while the burning mechanism will remove a certain amount of BTCBULL from circulation whenever Bitcoin’s price hist certain milestones, with the nearest at $125K, $175K and $225K. This will increase BTCBULL’s scarcity, and potentially impact its price.
Speaking of price, the token is selling for only $0.00239 apiece, and its ICO has already raised over $3.19 million. A crypto expert by the name of ClayBro, who has over 136k YouTube subscribers, believes that BTCBULL could see explosive growth.
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