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The official Trump price has jumped 10% in the last 24 hours to trade at $17.22 as of 7:30 a.m. EST on a 180% pump in trading volume to $2 billion.
Official Trump Price Gears Up For Bullish Breakout
The TRUMP/USDT 4-hour chart on Binance highlights a prolonged bearish channel that has dominated the market since late January, characterized by lower highs and lower lows.
However, the price has recently formed a double-bottom pattern at the $13.22 support level, indicating potential bullish reversal signals. This support level has held strong, with buyers stepping in to prevent further decline. The RSI at 51.22 is hovering around neutral territory but slightly above the midline, suggesting a balance between buying and selling pressure with a slight bullish inclination.
TRUMPUSDT Analysis (Source: TradingView)
Immediate resistance is seen at $18.15, which aligns with the previous support-turned-resistance. A breakout above this level could propel the price toward the major resistance zone around $25-$30, as indicated on the chart. This level will be critical, as breaching it could open doors to further bullish momentum.
On the downside, if the price fails to hold above the $13.22 support, the next major support level is near $14.56. The presence of the double bottom suggests a strong defense by the bulls, but failure to maintain this level could see the price revisit the $12-$13 zone.
The TRUMP/USDT chart indicates a potential trend reversal, supported by the double-bottom pattern and RSI stability. A confirmed breakout above the resistance level of $18.15 could lead to a significant upside move, while failure to hold support could signal further bearish action.
Solana Layer-2 Presale Crashes Past $20.4 Million – Next Crypto To Explode?
As traders anticipate a bullish breakout for the official Trump price, Solana layer-2 meme coin Solaxy (SOLX) continues to thrive, Crushing past $20.4 million in its presale so far.
The project is poised to tackle Solana’s network congestion caused by the rising demand for SOL-based meme coins, which has heavily strained the main net. Without a proper solution, Solana risks facing another outage.
The benefits of Solaxy can really bring a tear to your eye…$SOLX hits hard! 🛸🪐 pic.twitter.com/yqIjimnys9
— SOLAXY Help Team 𝕏 (@SOLAXYTOKEN_HT) February 7, 2025
With its layer-2 sidechain, it is designed to ease this burden by processing transactions off-chain, bundling them, and then submitting them to Solana’s layer-1 for validation. This approach boosts network efficiency, reduces transaction fees, and increases throughput, positioning Solaxy as a promising scaling solution for Solana.
99Bitcoins, a popular crypto YouTube channel with over 724K subscribers, predicts that the SOLX token could potentially surge 100x after its launch.
Right now, SOLX is priced at $0.001634 and can be purchased with crypto or a bank card via the buy widget on the project’s website. Investors seeking passive crypto rewards can join Solaxy’s presale staking program, which offers an attractive 199% annual return.
Those wanting to secure SOLX tokens at the lowest presale rate should act quickly, as a price increase is set to occur in less than 2 days.
Buy SOLX tokens here before the next price hike.
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