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The Official Trump price soared 38% in the last 24 hours to trade at $48.69 as of 11:24 p.m. EST on trading volume that skyrocketed 167% to $39 billion.
TRUMP is currently down 33% from its all-time high (ATH) of $73.43 following the launch of a cryptocurrency $MELANIA by incoming First Lady Melania Trump on the eve of husband Donald Trump’s inauguration as US President.
The announcement came just one day after President-elect Donald Trump introduced the $TRUMP cryptocurrency. Both coins have have soared amid volatile trading as some traders interpreted the launch of MELANIA as dilution of $TRUMP.
“The Official Melania Meme is live! You can buy $MELANIA now,” she posted on the social platform X on Sunday.
The Official Melania Meme is live!
You can buy $MELANIA now. https://t.co/8FXvlMBhVf
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P pic.twitter.com/t2vYiahRn6
— MELANIA TRUMP (@MELANIATRUMP) January 19, 2025
Official Trump Price Aims For A Price Recovery
The TRUMP price analysis on the 15-minute chart reveals a significant recent surge in price, which peaked around the $73 level before experiencing a significant pullback.
Currently, the Official Trump price has stabilized around the $48-$49 range, forming a consolidation pattern, according to GeckoTerminal data.
A symmetrical triangle is visible, characterized by a flat support level near $37 and a series of lower highs. This pattern suggests the price of TRUMP is poised for a breakout.
As a result of the recent downtrend, the price of official Trump has plunged to trade below the 50-day simple moving average (SMA), but it still hovers above the 200-day SMA. This suggests that TRUMP may still recover and rally above the triangle.
The Moving Average Convergence Divergence (MACD) blue line is slightly positive at 0.78, with the signal line at -1.95. This represents a bullish crossover, which shows that the asset is in positive momentum.
The Relative Strength Index (RSI) sits at 49.62, which is neutral territory. This reading implies that TRUMP is neither overbought nor oversold, further confirming the current consolidation phase.
TRUMP Could Soar To A New ATH At $80
Bullish momentum could return if the Official Trump price breaks above the descending trendline (currently aligning with the 50-day SMA at $55).
In this case, TRUMP could aim for a retest of the $60-$65 zone, with $80 as an ambitious target and a new ATH.
However, if the Official Trump price breaks below the $48 support level, the descending triangle pattern could trigger a sharp decline. The next key support level lies near the 200-day SMA at $38.50. A further drop could occur if this level is breached.
As the TRUMP price soars, investors are also buying a new meme coin called Meme Index (MEMEX). According to crypto analyst and YouTuber Jacob Bury, who has over 54k subscribers, MEMEX has the potential to be the next 10x crypto.
Meme Index Presale Closing On The $3 Million Milestone
Meme Index is the world’s first decentralized meme coin index that’s currently in its presale phase. The project has already raised $2.6 million and continues to gain momentum.
The MEMEX token features several investment baskets, including the Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index.
Each basket caters to varying risk appetites, from relatively safer options like Meme Titan to the highest-risk Meme Frenzy, which features emerging and highly volatile meme coins for those seeking a thrilling investment experience with potentially huge rewards.
🚨 Meme Index is live in Upcoming Tokens! 🚨@memecoin_index presents the first-ever diversified meme coin platform, powered by $MEMEX, giving unparalleled access to the $120 billion meme coin market.
Meme Index offers exclusive access to indexes that cater to every risk… pic.twitter.com/GsiBBuZOzX
— Best Wallet (@BestWalletHQ) December 27, 2024
MEMEX holders can also participate in its presale staking pool, which currently provides a stratospheric annual yield of 887%.
You can purchase MEMEX tokens on the official website for just $0.0153463 to participate in the presale.
Buy soon to lock in the best deal before the price increases in less than 2 hours.
Buy MEMEX tokens using USDT, ETH or bank card.
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