Join Our Telegram channel to stay up to date on breaking news coverage
The OFFICIAL TRUMP price surged 9% in the last 24 hours to trade at $14.18 as of 9:37 p.m. EST as investors rush to buy the meme coin.
The steep rise in the TRUMP price comes after Tron founder Justin Sun said he received an invitation to attend the US President’s TRUMP meme coin dinner as part of a reward for the token’s top 220 holders.
Honored to support @POTUS and grateful for the invitation from @GetTrumpMemes to attend President Trump’s Gala Dinner as his TOP fan!
As the top holder of $TRUMP, I’m excited to connect with everyone, talk crypto, and discuss the future of our industry. 🇺🇸 https://t.co/FYb39LTwDz
— H.E. Justin Sun 🍌 (@justinsuntron) May 20, 2025
Sun also claimed that he owns the wallet that purchased the largest amount of Trump’s meme coin. He added that he plans to network at the May 22 dinner, “talk crypto,” and “discuss the future” of the crypto industry.
OFFICIAL TRUMP Price Breaks Resistance, Will It Continue To Rise?
Daily chart for TRUMP/USD (Source: GeckoTerminal)
The OFFICIAL TRUMP price broke above a resistance level at $14.06 in the last 24 hours, according to data from GeckoTerminal. Should the meme coin close today’s daily candle above this mark, it could continue to rise in the short term. Traders might then eye the next major barrier at $15.83.
On the other hand, the OFFICIAL TRUMP price closing today’s trading session below $14.06 could result in a more bearish scenario playing out. This might prompt traders to short TRUMP, which could potentially force the meme coin down to the $12.36 support. Continued sell pressure at this point might then lead to a plunge to as low as $10.74.
Technicals Suggest Bulls Might Push The OFFICIAL TRUMP Price Higher
From a technical standpoint, indicators on the daily chart suggest the OFFICIAL TRUMP price might continue to rise in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are showing early bullish signs.
That’s as the MACD line attempts to cross above the MACD Signal line. Should this happen, it might be interpreted as a bullish continuation signal by traders. It could also indicate that TRUMP has entered a positive short-term cycle and that momentum favors buyers.
Buyers have also grown stronger against sellers over the past few days. This is evident by the increase in RSI readings from the low 50s to the high 50s. As a result, it might be easier for bulls to push the OFFICIAL TRUMP price up in the next 24 hours than it will be for bears to push it down during the same period.
As the OFFICIAL TRUMP price tries to keep its bullish move going, investors are also buying into a new Solana token called Solaxy (SOLX) before its presale ends in 26 days. According to popular YouTube channel 99Bitcoins, which has over 723K subscribers, SOLX has the potential to soar 10X after its launch.
The First Scaling Solution For Solana To Enter The Market Soon
Solaxy is a new layer-2 project, but is different from those that came before it because it is built for the lightning-quick Solana blockchain. While the SOL network was initially launched as a cheaper and faster alternative to the clunky Ethereum blockchain, users have started to experience transaction delays and failures, especially during times of peak traffic.
Solaxy will address those issues by bundling and processing transactions off of the Solana mainnet. Thereafter, it will submit the transactions back to the layer-1 blockchain for final validation. This method of processing transactions will ease the stress on Solana’s infrastructure while simultaneously helping the network process more transactions at any given time.
In addition to scaling Solana, Solaxy will also bridge the network with the Ethereum blockchain. This connection between two of the most prominent blockchains in the Web3 space will give decentralized app and meme coin developers a highly-scalable and secure platform to build the next best innovation in the digital asset market.
Solaxy’s team has already made substantial progress toward achieving their goal of 10,000 transactions per second for their blockchain. Just recently, they launched their testnet and its associated block explorer. The Solaxy bridge has also gone live on the testnet, allowing Web3 community members to experiment with the bridging technology before the mainnet launch.
Solaxy’s Parabolic Presale Offers Last Chance To Buy – Just 26 Days Left
Solaxy’s presale has gone parabolic, and has raised over $38.4 million in what is arguably the strongest presale showing of the year so far. Now, investors have just 26 days left to buy during this ICO stage before the project’s highly-anticipated launch.
Interested investors can buy SOLX for $0.00173 apiece via the widget embedded on the project’s website using either crypto or bank card. Once purchased, the SOLX tokens can also be staked for an attractive 105% APY.
Interested investors will want to buy now before it’s too late.
Check out SOLX on its official website.
Related Articles:
- Bitcoin Eyes ‘Massive Breakout’ As Metaplanet And Strategy Double Down On BTC
- Coinbase Reels From Data Breach That Could Cost $400M
- Most NFTs Are Not Securities – Hester Peirce
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
