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The Official Trump price dropped 2% in the last 24 hours to trade at $11.54 as of 4:04 a.m. EST on trading volume that jumped 9% to $472 million.
This decrease in the TRUMP price comes as US President Donald Trump is expected to sign off on a resolution undoing a rule that requires DeFi (decentralized finance) protocols to report to the IRS.
The Senate voted 70-28 to pass a motion repealing the IRS DeFi broker rule, which aimed to expand existing IRS reporting requirements to crypto.
💥BREAKING
U.S. SENATE VOTES 70-28 TO KILL IRS DEFI BROKER RULE.
RESOLUTION HEADED TO TRUMP’S DESK FOR SIGNATURE.
MAJOR WIN FOR DEFI, BLOCKS TAX REPORTING MANDATE🔥 pic.twitter.com/dXTXFr6EnI
— DustyBC Crypto (@TheDustyBC) March 27, 2025
Official Trump Price Analysis: Potential Breakout On The Horizon?
The TRUMP price has been in a prolonged downtrend, trading within a falling wedge pattern characterized by lower highs and lower lows. If confirmed by a breakout above the resistance line, this pattern typically signals a potential bullish reversal.
The Official Trump price recently tested the lower boundary of this wedge and has since attempted to break upward.
The pattern formed by the labeled points (A, B, C, and D) suggests a series of corrective movements, leading to a tightening of price action near the end of the wedge, according to GeckoTerminal data. A breakout from this formation could trigger a strong, bullish move.
The 50 Simple Moving Average (SMA) on the 4-hour chart is currently at $11.34, while the 200 SMA is at $12.30. The price of Official Trump is hovering between these two SMAs, with a potential move above the 200 SMA acting as confirmation for an upward breakout.
Meanwhile, the Relative Strength Index (RSI) is currently at 50.95, which is a neutral level. This suggests that the crypto is neither overbought nor oversold, leaving room for a potential move in either direction.
TRUMP Price Prediction
According to the TRUMP/USDT Chart analysis, the Official Trump price indicates a measured move target of approximately 50% upside in case of an uptrend. The projected price increase of $5.91 suggests a potential rally toward the $17.50 region.
However, for this move to play out, the price of TRUMP needs to decisively break above the $12.30 resistance level (200 SMA). Buyers could step in if this occurs, pushing the price of Official Trump toward the next resistance level.
Conversely, if the Official Trump price fails to break out and remains within the wedge, the downtrend could persist, with support around the $10.50–$11.00 levels.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL) that is giving away free BTC.
99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Closing On $4.5 Million
BTC Bull Token has secured $4.1 million for its airdrop platform that will distribute real Bitcoin to token holders.
The Bitcoin Bull Token project is based on the conviction that Bitcoin’s value will continue to surge in the coming years. It aims to unite the crypto community in anticipation of its climb to new all-time highs.
BTC Bull Token owners will receive airdrops of real Bitcoin when the BTC price hits key milestones. Those start at $150,000 and follow in $50k increments thereafter.
In addition, each $25,000 move higher in Bitcoin’s price after $100k will trigger a BTCBULL token burn, making the meme coin more scarce and further strengthening the bull case for the BTCBULL token.
A huge BTCBULL Token airdrop also awaits the strongest hodlers when BTC hits $250,000, weighted by the participant’s Community Sale purchase amount.
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 101% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull website to buy BTCBULL tokens for $0.00243 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in slightly more than 1 day to secure the best deal.
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