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The Official Trump price edged down a fraction of a percentage in the past 24 hours to trade at $12.83 as of 5:13 a.m. EST on trading volume that dropped 3% to $524 million.
The slight drop in the TRUMP price comes after Trump Media and Technology Group, the company behind US President Donald Trump’s Truth Social platform, denied a report that it plans to raise $3 billion in equity and convertible bonds to buy BTC and other cryptocurrencies.
According to the Financial Times report on May 26, six people were cited. Still, Trump Media has noted that, “apparently the Financial Times has dumb writers listening to even dumber sources.”
Official Trump Price Gearing Up Towards A Breakout
The TRUMP price on the daily chart presents a recovery phase following a period of extended downside that bottomed out around the $10.36 mark. Official Trump price action has recently transitioned into a consolidative pattern within a descending triangle.
A breakout seems to be anticipated above the resistance line near $13.95, aligning with Fibonacci levels and previous price rejection zones, as GeckoTerminal data shows.
Furthermore, the price of Official Trump is now trading above the 50-day Simple Moving Average (SMA) ($11.61), supporting the bullish outlook.
The price of TRUMP is hovering around the 0.5 Fibonacci level ($12.71), which is a crucial midpoint and often a decisive battleground for bulls and bears.
Meanwhile, the Relative Strength Index (RSI) sits at approximately 49.99, near the neutral 50 mark. This suggests a balance between buyers and sellers, with potential for upward expansion if bullish momentum resumes.
TRUMP Price Prediction
Given the descending triangle breakout setup, support from the 50-day SMA, and the Official Trump price finding stable support around the 0.5 Fibonacci retracement, there is a technical case for upward movement.
If the TRUMP price soars even more, the surge suggests a target near the $15.40–$15.60 range, representing an 18.57% potential upside from current levels.
If this breakout materializes, the next resistance to monitor will be around $16.33 (0.27 Fib level), followed by $17.97 (-0.618 Fib level).
However, failure to maintain support at $12.00 and a break below the 50-day SMA would invalidate this bullish thesis and could push the price of Official Trump back toward $11.15.
Meanwhile, investors are flocking to the presale for a new Solana project called Solaxy (SOLX).
Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 10X post-launch.
Solaxy Presale Rushing Towards The $45 Million Mark – Buy Before Time Runs Out
The Solaxy presale has raised an incredible $41 million, with over $3 million raised in the last week alone. If the current pace continues, there’s a good chance the presale could sell out before the official 20-day timer runs down.
$SOLX reigns supreme. 🛸
41M Raised! 🔥 pic.twitter.com/uEUXlekkL0
— SOLAXY (@SOLAXYTOKEN) May 27, 2025
Solaxy is the first Solana layer-2 (L2) blockchain, purpose-built for maintaining low-latency transactions, high scalability, and zero downtime, even during peak network congestion.
The project aims to address Solana’s issues by implementing off-chain processing mechanisms similar to Ethereum’s layer-2 solutions. Platforms like Arbitrum and Optimism have already proven this model successful.
Solaxy’s system enhances efficiency by processing transactions off of Solana’s main chain, bundling them, and submitting them to the mainnet for final verification.
The team has also rolled out the Solaxy bridge on the testnet. As a result, Solaxy buyers can see how they can bridge their ETH or SOL tokens to the Solaxy layer-2 network.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001736 each using BNB, ETH, USDT, or a bank card.
The project’s presale staking program also offers token holders a massive 98% APY. Anyone looking to buy SOLX at the best rate will want to hurry, as the token’s presale will end in about 20 days.
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