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The Official Trump price plummeted 11% in the last 24 hours to trade at $28.29 as of 9:56 p.m. EST on trading volume that dropped 32% to $3.7 billion.
Official Trump Price On A Sustained Bearish Stance
The TRUMP price has been experiencing a consistent downtrend following its peak around the $73 mark. After a sharp rally earlier in the week, the Official Trump price failed to maintain its upward momentum and began a steady descent.
The chart highlights a falling channel pattern, indicating that the asset is stuck in a bearish pattern, with each attempt at recovery met by selling pressure near the channel’s upper trendline.
The price of TRUMP currently hovers at $28.29, testing the lower boundary of the channel. As a result of the continued downtrend, the Official Trump price now trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which now act as the immediate resistance levels at $32.75 and $37.0, respectively.
The Relative Strength Index (RSI) is at 27.28, firmly in oversold territory (below 30). This suggests that the asset is significantly oversold, and a potential short-term bounce or consolidation might be on the horizon.
TRUMP/USDT Chart Analysis (Tradingview)
TRUMP Price Prediction
Based on the current chart setup and indicator readings, TRUMP is likely to remain in the bearish zone in the short term. If the Official Trump price breaks below the lower trendline of the descending channel (around $28), it could see further downside, with immediate support near $25.
On the other hand, if the RSI continues to signal oversold conditions and the price manages to bounce, resistance at the 50-day SMA ($32.75) and the channel’s upper boundary could cap any recovery attempts. A breakout above $33 would be necessary to challenge the more significant resistance at $37 (200-day SMA).
As the TRUMP price plummets, investors are also buying into the presale meme coin Flockerz (FLOCK) before time runs out.
According to 99Bitcoins, a popular crypto channel on YouTube with over 722K subscribers, FLOCK has the potential to soar 100X after its launch.
Flockerz Offers Last Chance To Buy Before Listing In 2 Days
Flockerz has wrapped up its hugely successful presale and is now offering a final chance to buy before it lists on exchanges on Monday.
Investors are racing to get involved and have pumped $13.4 million into Flockerz already. A key part of its appeal is its unique approach to community governance.
The $FLOCK flies in with a @coinmarketcap PRELISTING
Go get bullish with The Flock!!https://t.co/9Fp9HUJGY2 pic.twitter.com/zhov2ngmxg
— Flockerz (@FlockerzToken) January 24, 2025
Its standout feature, the Vote-to-Earn (V2E) system, allows community members to earn $FLOCK tokens by participating in important decisions about the project’s future. All they have to do is vote on key decisions to earn FLOCK tokens for their effort.
The underlying framework of Flockerz is anchored in a decentralized autonomous organization (DAO) called Flocktopia, where every holder’s voice matters.
Apart from V2E rewards, users can also earn passively through the platform’s staking mechanism, which offers a sky-high annual yield of 240%.
Investors interested in joining the presale can visit the official Flockerz website to buy FLOCK tokens at the current price of $0.0066883 each using BNB, ETH, USDT, or a bank card.
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