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The Official Trump price has plunged 8% in the last 24 hours to trade at 11.44 as of 3:45 a.m. EST on a 57% surge in daily trading volume to $801 million.
The decline in the TRUMP price comes after US President Donald Trump summoned Federal Reserve Chair Jerome Powell to the White House for their first face-to-face meeting since Trump took office.
During the meeting, Trump told Powell he was making a “mistake” by not cutting interest rates, renewing tensions over monetary policy.
💥BREAKING
FED CHAIR POWELL MET WITH PRESIDENT TRUMP TODAY AT THE WHITE HOUSE TO DISCUSS GROWTH, EMPLOYMENT & INFLATION
NO MONETARY POLICY PROMISES
POWELL SAYS DECISIONS WILL BE BASED ON DATA, NOT POLITICS 📊 pic.twitter.com/jZ0uZQwtVT
— DustyBC Crypto (@TheDustyBC) May 29, 2025
After the meeting, the Fed released a rare statement stressing that it will stay independent and make decisions based only on economic data, not politics. The White House confirmed the meeting and said the Fed’s statement was accurate.
Official Trump Price Risks 23% Crash If This Level Fails
The 12-hour TRUMP/USD chart shows the meme coin’s price is sitting at $11.394 after a wild ride to the downside. There is a symmetrical triangle pattern that has been forming over the past 34 days. This setup is a consolidation pattern often characterized by sloping resistance and support trend lines with a 50% chance of the price breaking out in either direction.
Throughout the consolidation, the chart marks two “fake out” attempts, one to the upside and the other to the downside. These are likely smart money attempts at liquidity runs to collect funds sitting at stop losses from weak hands.
The recent downturn in the TRUMP price has pushed it below the symmetrical triangle. But is this a full-blown downtrend or another fake out? If bears continue their campaign, the TRUMP price might crash 23% to $8.5.
TRUMPUSDT Analysis Source: Tradingview
Technical Indicators Signal Further Dump
Momentum indicators support a short-term bearish bias for the Official Trump price. The Relative Strength Index (RSI) at 34.70 is near oversold territory. Below 30 would broadcast a “buy the dip” signal, but the market is not there yet.
The Moving Average Convergence Divergence (MACD) shows bearish momentum, and the 50-day Simple Moving Average (SMA) at $12.98 acts as resistance above the current price. If TRUMP breaks below $10.89 again, it might head for $9.38 next, as marked on the chart. But if the bulls flex and push past $13.003, TRUMP could rally to $21.95
In the short term, TRUMP looks shaky with this bearish setup and the President’s interest rate drama weighs heavy. The token might test that $10.892 support soon, maybe even dip to $9.38 and $8.5 if the FUD (fear, uncertainty, doubt) keeps growing.
In the long term, if Trump’s pressure on Powell leads to a rate cut, the TRUMP price could rocket, potentially hitting $21.95 or higher.
Solana’s First Layer-2 Presale Heads For $43M – Only 17 Days Left!
Meanwhile, as Official Trump traders brace for more losses, Solaxy (SOLX), the first-ever Layer-2 scaling solution for Solana, is bringing speed, affordability, and reliability, with its presale already zooming past $42.4 million and only 17days left before the crypto hits exchanges.
Solaxy takes the heavy lifting off the Solana main network (especially during peak times when it can get clogged) by processing transactions off-chain, bundling them up, and sending them back to Solana’s mainnet for final approval. This reduces congestion, cuts fees, and keeps things running smoothly, even when the network’s slammed.
The power of $SOLX is increasing! ⚡️🛸
42M Raised! 🔥 pic.twitter.com/oolGVbPHvH
— SOLAXY (@SOLAXYTOKEN) May 29, 2025
But Solaxy is not just about speed. It’s also building a bridge to Ethereum, letting users tap into Ethereum’s massive liquidity while keeping Solana’s zippy performance.
This cross-chain connection could be a game-changer for developers building apps in DeFi, gaming, or NFTs, giving them the best of both worlds without the usual headaches.
The team has already rolled out a testnet, a blockchain explorer, and a token launchpad called Igniter, showing they’re serious about delivery. Soon, they are introducing the Solaxy DEX, which will be the native trading hub for all tokens launched through Igniter
Crypto YouTube channel 99Bitcoins, with over 723k subscribers, predicts SOLX could surge 100X surge once it launches
The SOLX token is the heart of Solaxy’s ecosystem, and is used for paying fees, staking, and governance. The staking option offers a huge 95% APY, though that drops as more people join the pool.
Right now, SOLX is in presale at $0.00174, and investors can buy it with crypto or a credit card through Solaxy’s website. However, the clock’s ticking, with a little over 17 days left before the presale ends and the SOLX token hits exchanges.
If Solaxy lives up to the hype, it could supercharge Solana’s growth and make SOLX a hot pick for 2025.
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