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The FreeTrump price skyrocketed 633% in the last 24 hours to trade at $0.0236 as of 03:57 a.m. EST on trading volume that soared 12,372% to $5.6 million.
This comes after former US President Donald Trump was found guilty by a jury on 34 counts of falsifying business records and concealing documents relating to hush money paid to adult entertainment star Stormy Daniels. Following the guilty verdict, the case will now proceed to sentencing.
After the conviction, shares of Trump Media and Technology Group and Truth Social slumped. In anticipation of the trial results, many altcoins connected to Trump rose. But after the conviction, there has been a downward trend.
The FreeTrump price rose to an all-time high (ATH) of $0.0754 with the anticipation of the ruling. However, following the conviction, the price of TRUMP has pulled back, despite recording huge gains over 24 hours.
FreeTrump Price To Bounce Off The $0.01 Support Level, Gearing Up For A Trend Reversal
With the buzz surrounding the Trump trial, TRUMP soared through a markup phase to hit the $0.0754 resistance level. However, the bears may have taken control, with the FreeTrump price dropping through a falling channel, forming a bullish pennant, data from GeckoTerminal shows.
The FreeTrump price bulls are using the support around $0.01 to push TRUMP towards the upper boundary of the pennant.
TRUMP, coinciding with the fall from its ATH, fell slightly below the 50-day Simple Moving Average (SMA), which now acts as the immediate resistance at $0.027. The bulls aim to surpass this level to push the price over the upper boundary of the pennant, supported by the price being above the 200-day SMA.
Moreover, the Relative Strength Index (RSI) trades below the 50-midline level at 44, a drop from the 70-overbought region, which shows that sellers have an upper hand. However, the RSI seems to be rebounding, which may indicate a looming trend reversal.
FreeTrump Price Prediction
The FreeTrump price analysis shows a bullish bias, as the bulls use the $0.01 support to stage a breakout from the bullish pennant, which could propel the price above as they target a new ATH at $0.09.
However, if the bears breach the critical support zone, TRUMP will drop back to the next support zone at $0.0089, which is in line with the 200-day SMA.
As the TRUMP bulls search for clearer signals to buy, other investors are piling into the Mega Dice presale, the first GambleFi project on the Solana blockchain.
According to 99Bitcoins, a prominent crypto YouTube channel with over 700,000 subscribers, $DICE has the potential to surge 100X on launch.
Mega Dice Presale Blasts Past $1.3 Million
Mega Dice (DICE), a trending new Solana GameFi token, has blasted past $1.3 million in its ongoing presale.
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After its launch last year, the Mega Dice Casino project has already amassed over 50,000 players, with a monthly turnover that exceeds $50 million. The platform offers players a variety of over 4,000 games and a sportsbook that has a wide range of options for users.
The team uses the success of Rollbit Coin (RLB) as a baseline, believing that the project’s 7,700% return to date for its early investors is more than achievable.
Token holders also have the opportunity to earn passively by staking $DICE, with the team allocating 10% of DICE’s tokens for staking rewards.
If you’d like to join the presale, you can buy $DICE on the official website here for $0.075 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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