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The Official Trump price plunged 16% in the last 24 hours to trade at $7.60 as of 5:02 a.m. EST, with trading volume skyrocketing 477% to $980 million.
This drop in the TRUMP price comes as Bill Ackman calls for a 90-day pause on the implementation of US President Donald Trump’s reciprocal tariffs.
“I have a lot of respect for our president and what he has accomplished so far, but I don’t think he is infallible, which is why I am stating loud and clear that I strongly believe launching tariffs on April 9th against the entire world — massively in excess of what we are being charged — is a mistake,” said Ackman.
Ackman has also warned of a self-induced, economic nuclear winter if President Trump does not pause the tariffs to prevent further economic fallout.
The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust.
President @realDonaldTrump has elevated the tariff issue to the most important geopolitical…
— Bill Ackman (@BillAckman) April 6, 2025
Official Trump Price Analysis: Falling Wedge Hints At Potential Reversal
The TRUMP price has been locked in a falling channel pattern, a bullish reversal structure, since mid-January.
The Official Trump price has been steadily declining within this wedge, finding repeated support at the lower boundary and resistance at the upper trendline.
Despite persistent selling pressure, the narrowing of the wedge suggests that a breakout to the upside may be on the horizon. Once the upper trendline is broken with volume confirmation, this type of pattern often precedes a bullish reversal.
Meanwhile, the 50 Simple Moving Average (SMA) on the 8 hours chart is at $10.2638, and the 200 SMA is higher at $13.7763, both well above the current price of Official Trump, according to GeckoTerminal data.
The price of TRUMP being below both moving averages confirms a bearish structure. However, a breakout above the 50 SMA could act as the first sign of a trend reversal.
Meanwhile, the Relative Strength Index (RSI) is currently at 24.63, deep in oversold territory, which suggests that TRUMP is under intense selling pressure.
TRUMP Price Prediction
Given the descending wedge pattern and the oversold RSI, the TRUMP price is poised for a potential bullish reversal. If the TRUMP price breaks and holds above the upper trendline of the wedge, an initial target would be the $10.25 level (50 SMA).
If momentum accelerates, further upside toward the $13.75 level (200 SMA) is possible.
On the downside, continued rejection at the wedge resistance could keep the price of Official Trump pinned below $7.00, with support around $6.00 to $6.50 acting as a last defense zone before a deeper correction.
Meanwhile, crypto investors are enthusiastically turning to BTC Bull Token (BTCBULL), a promising Bitcoin-themed meme coin.
Crypto analyst 99Bitcoins, who boasts over 725K subscribers on YouTube, predicts 10X gains for BTCBULL holders after the token launches.
Bitcoin Bull Token Smashes $4.4M – Best Crypto To Buy?
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The excitement around BTCBULL doesn’t stop there. To enhance scarcity and mimic Bitcoin’s limited supply, the project will conduct periodic token burns, beginning at Bitcoin’s $125,000 milestone and continuing every $25,000 thereafter.
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With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
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