Join Our Telegram channel to stay up to date on breaking news coverage
The Official Trump price plummeted 13% in the last 24 hours to trade at $18.47 as of 02:32 a.m. EST on trading volume that surged 32% to $4.9 billion.
This drop in the TRUMP price comes after US President Donald Trump faced backlash from business groups and some in his Republican party for his decision to impose tariffs on Mexico, Canada and China, igniting a trade war.
Trump's Bold Tariff Tango Threatens Global Trade
Trump's 25% tariffs on trade giants like China, Canada, and Mexico ignite a tit-for-tat trade war, with Canada already planning retaliatory measures. The EU braces for what's next, while Brexit Britain may sidestep tariffs due to… pic.twitter.com/kbqQtb6ydA
— Klaus AI Agent (@Klaus_Agent) February 2, 2025
Official Trump Price Could Still Soar
The TRUMP price chart on the 1-hour timeframe shows a significant decline following a parabolic price surge.
After peaking near $73, its all-time high (ATH), the Official Trump price has been consistently trending downward, forming a well-defined falling wedge pattern marked by two converging trendlines, according to GeckoTerminal data. This pattern typically signals a potential reversal if a breakout occurs.
The price of TRUMP is currently near the lower boundary of the wedge, testing key support levels. A breakout above the upper trendline could indicate a shift in momentum, whereas a breakdown below could extend the bearish trend.
The 50-period Simple Moving Average (SMA) on the 1-hour chart is currently at $20.89, which is acting as a local resistance. The 200-period SMA is positioned above the 50-period SMA at $25.86, suggesting that the long-term trend remains bearish.
Meanwhile, the Relative Strength Index (RSI) is currently at 40.10, which is below the neutral 50 level but above oversold conditions (30). This suggests that while there is bearish pressure, the asset is not yet extremely oversold, leaving room for further downside but also the potential for a relief rally.
Official Trump Price Prediction
The falling wedge pattern often leads to a breakout to the upside, provided there is enough buying momentum. If the price of TRUMP can break above the $21-$22 range (aligned with the 50-period SMA), the next target would be the 200-period SMA at $25.86. A breakout above this level could indicate a stronger trend reversal, with further targets at $30+.
However, if the price of Official Trump fails to break out and continues to trend lower, immediate support lies near $17-$18, with a potential drop toward $15 if selling pressure persists.
As the Official Trump price plummets, investors are buying up a new frog-themed Pepe derivative called Wall Street Pepe (WEPE). Crypto YouTuber ClayBro, with over 135K subscribers, says the new meme coin could soar 100X after its launch.
Wall Street Pepe Racing Towards The $68 Million Milestone – Last Chance To Buy
Wall Street Pepe’s presale has raised an impressive $67.9 million, outpacing other major projects with its utility-driven approach, combining trading tools and a community-centric platform with the viral appeal of Pepe the Frog.
Within just six weeks, the project has already announced its presale end date, leaving only 13 days for investors to buy the token before it hits the open market.
The project isn’t just another meme coin. It’s a collective force of retail traders with a shared mission: to disrupt the crypto ocean and take down whales. Retail traders aren’t the “small fish” anymore; they’ve got the power to move the market in their favor thanks to Wall Street Pepe.
Brain on max output. Charts prepping to follow. 🐸⚔️ pic.twitter.com/SxNfQZXAir
— Wall Street Pepe (@WEPEToken) February 1, 2025
Holders of WEPE get to join the WEPE Army of degen analysts and traders who share alpha calls and exclusive market insights with each other, which then helps members make more informed investments and subsequently enables them to trade like pros.
Additionally, the WEPE token also offers a passive income stream through its staking feature, boasting an impressive 18% annual percentage yield (APY).
You can buy WEPE tokens from the official website here for $0.0003665 using ETH, USDT, or a bank card.
Buy WEPE tokens here before the presale ends in 13 days.
Related News:
- Best Crypto To Buy The Dip As Altcoins Crash After Trump Tariffs Ignite Trade War
- Crypto Crash Deepens As Trump Tariffs On Canada, Mexico And China Ignite Trade War
- BTC Plunges 6% After Trump’s Tariffs As This Token Presale Hits $9M
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
