Join Our Telegram channel to stay up to date on breaking news coverage
The Official Trump price dropped 3% in the last 24 hours to trade at $10.30 as of 3:47 a.m. EST on trading volume that dropped 33% to $735 million.
This decline in the TRUMP price comes after US President Donald Trump bought a shiny red Tesla with the company’s CEO Elon Musk by his side, who helped the Republican leader pick the car on the White House driveway on Tuesday.
“Wow, that’s beautiful,” Trump said as he eased his way into the driver’s seat of a Model X.
Official Trump Price Analysis: Potential Breakout On The Horizon?
The TRUMP price has been on a prolonged downtrend since its explosive rally, forming a descending wedge pattern.
This pattern, marked by lower highs and lower lows, is often seen as a potential bullish reversal setup.
The Official Trump price has consistently moved within the confines of this wedge, with multiple touchpoints at both the upper resistance and lower support.
A crucial factor in this setup is the presence of well-defined points (A, B, C, D) which highlight smaller breakout attempts that were ultimately rejected at resistance, according to GeckoTerminal data.
The recent Official Trump price action shows consolidation near the wedge’s lower boundary, suggesting a possible accumulation phase before a breakout.
The immediate resistance level is around $12.01, which aligns with the 50 Simple Moving Average (SMA) on the 4-hour chart, making it a key area to watch.
Meanwhile, the 200 SMA is positioned at $14.94, which serves as a stronger resistance zone. A break above this level would confirm a more extended bullish move.
The Relative Strength Index (RSI) is currently at 35.55, indicating that the asset is nearing oversold conditions. This suggests weakening selling pressure and the potential for a reversal if demand picks up.
TRUMP Price Prediction
According to the TRUMP price analysis, TRUMP is nearing a crucial moment, and traders should watch for confirmation of a breakout above key resistance levels to validate a bullish reversal.
If the Official Trump price successfully breaks out of the falling wedge, the measured move projection suggests a 72.87% upside, targeting a price of around $18.00 – $20.00.
However, the first major resistance is at $12.01 (50 SMA), followed by $14.94 (200 SMA). If the price of TRUMP fails to reclaim these levels, it could continue consolidating or experience another rejection.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL) that is giving away free BTC.
99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Closing On $4 Million
BTC Bull Token has secured $3.5 million for its groundbreaking airdrop platform that will distribute real Bitcoin to token holders.
The Bitcoin Bull Token project is built on the conviction that Bitcoin’s value will continue to surge in the coming years, aiming to unite the crypto community in anticipation of its climb to new all-time highs.
BTC Bull Token owners will receive airdrops of real Bitcoin when the BTC price hits key milestones. Those start at $150,000, and follow in $50k increments thereafter.
In addition, each $25,000 move higher in the price of Bitcoin after $100k will trigger a BTCBULL token burn, making the meme coin more scarce and further strengthening the bull case for BTCBULL token.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
A huge BTCBULL Token airdrop also awaits the strongest hodlers when BTC hits $250,000, weighted by the participant’s Community Sale purchase amount.
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 122% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull website to buy BTCBULL tokens for $0.002405 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in slightly more than 1 day to secure the best deal.
Related News:
- BANANA Soars 42%, But Experts Say This Meme Coin Could Be The Next 100X Crypto
- Pepe Pumps 12%, Investors Rush To Buy This $7.2M AI Meme Coin Hybrid
- Avalanche Price Prediction for Today
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
