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The Official Trump price slid 1% in the past 24 hours to trade at $9.29 as of 10:18 p.m. EST as investors decrease some of their exposure to the crypto.
The slight decrease in the TRUMP price comes after DT Markets DeFi LLC, an umbrella company controlled by US President Donald Trump and his family, has reportedly reduced its stake in World Liberty Financial (WLF).
According to the report, the company had a 75% stake in WLF as of December 2024, but WLF’s website said the company owned “approximately 60%” as of January. This stake was further reduced to 40% sometime after June.
Official Trump Price Trades Sideways, Is A Big Move Coming?
4-hour chart for TRUMP/USD (Source: GeckoTerminal)
The Official Trump price has traded in a tight consolidation range between $9.1549 and $9.5127 over the past 2 days, according to data from GeckoTerminal. This period of sideways trading could be an accumulation phase before a big move.
If the Official Trump price breaks down in the next couple of days, it could lose the support of the $9.1549 mark and drop lower in the short term. However, traders identifying the current TRUMP price as a buy opportunity might result in a more bullish scenario playing out.
In that alternative case, the Official Trump price might flip the resistance level at $9.5127 into support. Thereafter, the crypto could rise to the next major resistance level at $10.1288 if the pressure from buyers persists.
Technicals Suggest The Official Trump Price Might Rise Soon
Looking at technical indicators on the 4-hour chart, there are early bullish developments that suggest the Official Trump price will rise in the next couple of days. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest the TRUMP price might climb.
Recently, the MACD line broke above the MACD Signal line on the 4-hour chart. This is the first time this has happened since the Official Trump price started its consolidation, which suggests a bullish move may be on the cards for the meme coin.
The MACD line has also started to slowly break away above the MACD Signal line. Traders might see this as an early indication of TRUMP’s positive momentum growing stronger.
Buyers have also started to re-enter the meme coin’s charts, as evident by the recent increase in RSI readings. The current value is also near oversold territory, which is a classic sign that a crypto’s upside potential is greater than its downside potential.
As the Official Trump price looks to potentially make a bullish move soon, the FOMO frenzy around Solaxy (SOLX) has spiked with the project’s blockbuster presale set to end in 3 days. According to influential YouTube channel 99Bitcoins, which has over 723K subscribers, SOLX has the potential to soar 100X after its launch.
Solaxy To Introduce The First SOL-Centric Layer-2
Solana was initially launched as a faster and cheaper alternative to Ethereum, and enjoyed its competitive advantage until Ethereum’s layer-2 ecosystem started to grow. To restore Solana’s edge over its predecessor, Solaxy will bring the first SOL-centric layer-2 scaling solution to the market.
Similar to how layer-2 solutions function within the Ethereum ecosystem, Solaxy will process and bundle SOL transactions off of the mainnet before submitting them to the layer-1 backend for final validation. This will enable Solana to process more transactions at any given time.
Layer-2 solutions drastically lowered fees and sped up processing times for Ethereum, which was clunky and slow. With Solaxy, the already-fast layer-1 Solana chain could become the quickest and most affordable network in the Web3 space.
Solaxy does not intend to leave Ethereum completely in the past. Instead, the project will bridge Solana to Ethereum, giving developers a way to simultaneously tap into each of the networks’ strengths. This could be the catalyst that brings the next big innovation to the Web3 space.
Solaxy’s team certainly has the technical knowledge needed to build out their solution, this is evident by the testnet, the testnet’s block explorer, the Solaxy bridge, and the native token launchpad the team have deployed even while the project’s SOLX token is still in the presale stage.
Investors Rush To Buy SOLX Below Listing Price
Solaxy’s presale has raised over $55.2 million so far, as investors bet big on the project’s future. With just days left until the token’s major exchange listings, time is running out for investors to buy at below listing price.
Interested investors can acquire SOLX for $0.001766 apiece via the widget on its website using either crypto or bank card.
Anyone looking to buy will want to do so before the token’s presale ends in just over 3 days.
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