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The Official Trump price climbed over 3% in the last 24 hours to trade at $9.25 as of 6:08 a.m. EST as investors increase their exposure to the crypto.
The uptick in the TRUMP price comes after China responded to the recent Trump trade tariffs and imposed an additional 34% tariff on US goods.
China places a 34% tariff on all U.S. goods.
Full blown trade war.
Everyone gets to be poorer together. pic.twitter.com/iHPGpKFQer
— Spencer Hakimian (@SpencerHakimian) April 4, 2025
Official Trump Price Trying To Break Above A Major Resistance Level
4-hour chart for TRUMP/USD (Source: GeckoTerminal)
The Official Trump price is trying to overcome a resistance level at $9.5094, data from GeckoTerminal shows. Clearing this technical barrier within the next 12 hours could give the TRUMP price the foundation needed to keep rising in the short term. Traders might then push the meme coin’s value up to the next major resistance level at $10.0837.
On the other hand, bears successfully defending the $9.5094 resistance level could invalidate the bullish thesis. Traders might then rush to mitigate risk and exit their positions in the presidential meme coin.
In this alternative scenario, the Official Trump price might end up testing the nearest support level at $8.8910. In an extremely bearish case, TRUMP could even drop to as low as $8.5156 in the short term.
Buyers Have A Lot Of Work To Do If They Want To Push The Official Trump Price Higher
Bulls will have their work cut out for them, with indicators such as Exponential Moving Averages (EMAs) and the Relative Strength Index (RSI) on the 4-hour chart showing that sellers currently have the upper hand.
Through the course of the past 48 hours, the shorter EMA has been positioned below the longer-term 50 EMA. This suggests that the Official Trump price has been in a bearish phase during this period.
However, the TRUMP price flipping the aforementioned resistance level at $9.5094 into support will see the meme coin break above the 20 EMA as well. Traders might see this as an early technical indication of an upcoming bullish trend reversal. TRUMP’s price rising above the 50 EMA, which coincides with the $10.0837 resistance, could confirm the positive change in trend.
Before TRUMP can continue rising, buyers will need to chip away at sellers’ strength. Currently, the RSI is in the high 30s, below the neutral 50 mark. Usually, readings below 50 signal that bears are in control of an asset. What’s more, the RSI is negatively sloped as well. This warns that sellers are growing stronger against buyers.
As the Official Trump price tries to enter a bullish trend, investors continue to flock to new Solana layer-2 presale Solaxy (SOLX) to grow their portfolios. According to popular YouTube channel 99Bitcoins, which has over 725K subscribers, SOLX has the potential to soar 100X post-launch.
Solana About To Get Its Biggest Upgrade Yet
In recent weeks, the Solana network has become congested following the surging hype around SOL-based meme coins. The high levels of traffic has resulted in sluggish performance and a less than ideal user experience. In addition to slower processing times and higher fees, users have also started experiencing failed transactions.
If something does not change soon, the issues will likely persist and could even lead to another outage for the Solana network. Solaxy, with its native sidechain and layer-2 scaling technology, aims to prevent this from happening.
Using industry-tested protocols called rollups, the project will process and bundle SOL transactions off of the Solana mainnet and on its own layer-2 network. Thereafter, it will submit the batches of transactions back to the Solana blockchain for final validation.
Once Solaxy has helped the Solana network scale, it will then bridge the blockchain with the Ethereum ecosystem. This will not only merge Ethereum’s robust security framework and thriving DeFi landscape with Solana’s speeds and low fees, it will also give developers a new and improved platform that can cater to their growing needs.
Solaxy’s Presale Goes Parabolic As Investors Bet Big On The Project’s Future
Investors are rushing to buy SOLX while it’s still in presale, as evident by the more than $29.1 million in early-stage funding the project has raised so far.
A potential reason for the project’s strong ICO performance, besides its mission to be Solana’s first layer-2 scaling solution, could be the 140% APY on offer to anyone who buys and stakes SOLX at this early stage.
Interested investors can acquire SOLX for $0.001684 apiece via the widget embedded on the project’s website using either crypto or bank card. Once purchased, the tokens can be locked up via the staking page to start earning the passive crypto rewards.
Anyone who wants the best deal should act before the next presale price increase in a little more than 1 day.
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