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The Official Trump price plunged 11% in the past 24 hours to trade at $9.71 as of 3:41 a.m. EST, with trading volume up 34% to $1.1 billion.
This drop in the TRUMP price comes as Donald Trump faces a new crisis, after it was reported that his name appears in US Justice Department files about Jeffrey Epstein.
The Wall Street Journal, which first reported the news, stated the US President was informed that the files contained “what officials considered unverified hearsay about numerous individuals, including Trump.”
Official Trump, a token associated with the President, has taken a hit in the latest saga.
Can the price of TRUMP recover?
Official Trump Price Stumbles Below Key Support – Is The Rally Losing Steam?
The TRUMP price has experienced a strong bullish rally from early July, peaking at approximately $11.88.
Following this high, the Official Trump price retraced sharply, breaking below key support levels to currently trade around $9.71, down over 11% on the day, as GeckoTerminal data shows.
TRUMP has been moving in a bullish trend, reaching its recent peak, and forming a clean series of higher highs and higher lows.
However, the steep pullback in the last few sessions now puts the price of Official Trump trend into correction territory.
The breakdown below the 50 Simple Moving Average (SMA) on the 4-hour chart signifies weakening bullish momentum.
Official Trump’s price is currently sitting just above the 200 SMA, which may serve as a critical support zone in the short term.
The price of TRUMP has already fallen below the 0.618 ($11.05) and 0.786 ($10.83) Fibonacci retracement levels. As a result, the Relative Strength Index (RSI) stands at 31.98, which is approaching oversold territory.
That suggests that recent selling pressure has been strong, but it also hints at a potential short-term bounce if buyers start stepping in at this level.
Trump’s Name On The Epstein Files Bad For TRUMP?
As Donald Trump now faces backlash due to his name allegedly appearing in the Epstein files, this may trickle down to his Solana token, Official Trump.
Moreover, with the breakdown below the 50 SMA and the breach of key Fibonacci support levels, the short-term outlook for the price of TRUMP appears bearish.
If the Official Trump price fails to hold above the 200 SMA at $9.37 and falls below, further downside could lead to a test of the $8.40 area, which aligns with the 2.618 Fibonacci extension level.
On the other hand, if the $9.50 zone holds as support and the RSI rebounds from oversold levels, there could be a relief rally toward $10.40 (50 SMA) or even a re-test of the $11.05 zone (0.618 Fib level), which now acts as resistance.
Meanwhile, investors are piling into a new BTC-themed crypto called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 10X after launch.
Bitcoin Hyper Presale Races Towards The $5 Million Mark
Bitcoin has consistently demonstrated strong security, but still lags in terms of speed and flexibility. That’s finally starting to change.
The Bitcoin Hyper presale is now live, introducing something significant: Solana-like speed and smart contracts, built directly on top of Bitcoin.
BTC Hyper integrates with the Solana Virtual Machine (SVM), the technology that enables Solana’s high speed. With the SVM, apps can run with low fees and almost no delays.
Furthermore, the project functions on a decentralized Canonical Bridge, which ensures seamless and secure transfers between Bitcoin’s base layer and BTC Hyper.
Bitcoin Hyper is here to supercharge Bitcoin.
Built on the Solana Virtual Machine, it brings lightning-fast, low-cost transactions to Bitcoin’s ecosystem perfect for payments, meme coins, and powerful dApps.
With zk-proofs and Layer 1 anchoring, it’s fast and secure.
Presale is… pic.twitter.com/qMi0sZb7Ld— halo (@haloETH) May 11, 2025
Investors are betting big on the idea, having pumped over $4.56 million into the project’s presale.
Additionally, if you buy and stake now, you could unlock a 213% APY; however, this rate decreases as more people join, so timing is crucial.
Investors interested in participating in the presale can visit the official Bitcoin Hyper website to buy HYPER tokens for $0.012375 each using crypto or a bank card.
Buy before the next price increase in about 8 hours.
Visit the Bitcoin Hyper website.
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