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The Trump AI price has soared more than 30,872% in the past week following a 276% surge in the past 24 hours to trade at $0.0006834 as of 7:23 a.m. EST.
Despite the recent surge in the TRUMP price, the meme coin is still over 98% down from the all-time high of $0.06387 that it set on Oct. 2, 2024.
The Trump AI Price Rises Above A Technical Barrier
1-hour chart for TRUMP/USD (Source: GeckoTerminal)
The Trump AI price has been in a positive sequence over the last several hours, printing higher highs and higher lows during this period. This bullish move has allowed TRUMP to break above the $0.0006668 resistance level, which the meme coin is now attempting to flip into support. Should the crypto close a 1-hour candle above this mark, its price could rise to $0.0008015.
On the other hand, the Trump AI price breaking back below the $0.0006669 level within the next 6 hours could bring an end to the meme coin’s bullish momentum. As a result, TRUMP might fall to the subsequent support at $0.0005457. In an extremely bearish case, the meme coin’s price could end up plunging to as low as $0.0003774.
Trump AI Price Might Pullback As It Loses Some Of Its Bullish Strength
From a technical perspective, indicators on TRUMP’s 1-hour chart warn of an upcoming correction. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are starting to show concerning signs.
In the last couple of hours, RSI readings have dropped from the low 90s to the mid 70s. Given the negative slope of the RSI line and the recent drop in the indicator’s value, traders might start to realize their gains and exit their positions in the meme coin.
TRUMP’s positive momentum seems to be cooling off as well, with the MACD line starting to drop towards the MACD Signal line. If the MACD line breaks below the MACD Signal line, it might indicate a bearish shift in the crypto’s momentum.
Should both of these technical warnings influence traders’ view on the Trump AI price, the meme coin could soon drop to the $0.0005457 support level.
As the Trump AI price loses some of its bullish technical strength, traders are flocking to political meme coin rival FreeDum Fighters (DUM), which has raised more than $232K in just four days since its launch.
A Lighthearted Take On The Upcoming US Presidential Election
With the US presidential election around the corner, crypto community members are keeping their eyes glued to decentralized betting platforms such as Polymarket to try to gauge who will take the White House.
Pro-crypto candidate Donald Trump is currently the favorite, but odds can still sway in favor of Democrat and current Vice President Kamala Harris.
While investors wait to find out the highly-anticipated outcome, they can turn to FreeDum Fighters (DUM) for a more lighthearted take on the elections. Investors also stand to earn some attractive rewards as well.
The project offers an innovative gamified staking program. With each presale purchase, investors are prompted to vote/stake their tokens for one of the candidates. In one corner is Magatron, representing Trump and offering an annual staking reward of 461.14%. In the other corner is Kamacop, representing Harris and offering investors a huge 1,841.62% annual return.
Popular YouTuber Jacob Bury told his more than 43K subscribers in a recent video that the young political meme coin has the potential to surge 10X after its launch.
Selling for $0.00005 per token, DUM can be purchased with either ETH, BNB, BASE, SOL, USDT or USDC using the simple buy widget embedded on the project’s website. Once purchased, the tokens can then be put to work via the staking/voting page.
You know how Kamala spent $270 million in September?
That's why her staking rewards are so much higher than MAGATRON 👀🤑 pic.twitter.com/Nawb1h8f9a
— FreeDum Fighters (@Freedum_Fighter) October 21, 2024
Buy before a price hike in about 2 days to lock in the best deal.
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