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The OFFICIAL TRUMP price surged 7% in the last 24 hours to trade at $12.16 as of 4:00 a.m. EST on trading volume that dropped 39% to $1.34 billion.
The US president’s meme coin saw its price recover after a sharp drop seen yesterday as the crypto market experienced another sharp trend change. This time, another potential catalyst for TRUMP’s rapid recovery might be the upcoming White House crypto summit, which is to be held this Friday, March 7.
It will be the first event of its kind to be held at the White House, and the attendees will include many prominent founders, CEOs, and even investors from the crypto industry. Alongside them will also be the members of the President’s Working Group on Digital Assets.
OFFICIAL TRUMP Price Prediction
Following the sharp drop seen yesterday, OFFICIAL TRUMP is starting a slow but steady recovery. Its price has already encountered several resistances along the way, but even so, it managed to climb up to its current price of $12.16.
The token’s Bollinger Bands remain tight, however, which suggests uncertainty despite the apparent trend reversal. In other words, investors and traders are still cautious after recent volatility that brought major price movements in the last four days.
15-minute chart for TRUMP/USDT (Source: TradingView)
The project’s Relative Strength Index (RSI) suggests that TURMP might currently be at its limit, and it needs a stronger catalyst to break the resistances that are currently holding it back.
The token’s RSI spent over 12 hours fluctuating between the overbought zone and the neutral value of 50, and while this suggests that the traders are becoming more optimistic, the process of returning to the industry and repairing the losses will be a slow-starting one.
For the time being, TRUMP seems to be unable to breach the resistance at $13.5, which has already rejected it once several hours ago. There is, however, still some room for growth, which might lead the meme coin’s value back to this barrier once again in the hours to come.
Promising Alternative To OFFICIAL TRUMP
As an alternative to OFFICIAL TRUMP, investors could consider buying BTC Bull Token (BTCBULL) — a new cryptocurrency that has been out for less than a month, and has already raised over $3.22 million. The project calls itself the official Bitcoin meme coin, and its goal is to help the leading crypto grow.
Essentially, BTC Bull Token intends to hold airdrops for its community whenever Bitcoin hits major milestones, such as $150k, $200k, $250k, and alike, all the way up to $1 million per BTC.
The project also intends to offer new opportunities for its own token to grow, which is why it will burn certain amounts of BTCBULL whenever the Bitcoin price hits certain milestones as well. Whether you decide to wait for token burns that could boost BTCBULL’s own price, or for free Bitcoin airdrops, you could stake BTCBULL tokens for a 133% APY.
The Bitcoin Bull Token became a popular cryptocurrency right away, but it is still relatively early in its ICO. As a result, its price is only $0.002395. However, this will change in the next two days, when the presale enters its next stage. There is less than two days left to buy BTCBULL at its current price, after which it will see another increase.
Prominent crypto YouTube channel 99Bitcoins, with over 725k subscribers, says BTCBULL has 10x potential.
Visit the BTC Bull Token website.
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