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The OFFICIAL TRUMP price slid 3% in the last 24 hours to trade at $12.59 as of 3:28 a.m. EST, with trading volume surging 13% to $1 billion.
This comes despite the Gala Dinner with US President Donald Trump on May 22, which is held to reward top holders of the TRUMP token.
OFFICIAL TRUMP Price Signals A Bearish Breakout
The TRUMP price chart on the 4-hour timeframe trades within a descending triangle pattern, a bearish continuation signal.
The key vertices of the triangle, marked A, B, C, and D, show that the Official Trump price is compressing within lower highs and a relatively flat support near the $12.20–$12.40 range. This zone has been tested multiple times, which weakens its support strength and raises the likelihood of a breakdown, as GeckoTerminal data shows.
TRUMP has been trading below the 0.382 Fib level ($13.34), struggling to reclaim bullish momentum. Given the prevailing structure, the latest candles indicate tightening within the triangle, suggesting an imminent breakdown.
Meanwhile, TRUMP’s price is below the 50-day Simple Moving Average (SMA) ($13.10) but just above the 200-day SMA ($11.92). This positions the asset in a neutral to slightly bearish zone, with the 200-day SMA offering potential dynamic support should a breakdown occur.
The Relative Strength Index (RSI) is currently at 44.79, which indicates that TRUMP is in neutral-to-bearish territory. It is neither oversold nor overbought but leans bearish, as it has been unable to push above the 50-midline level. This confirms weakening momentum and a lack of bullish conviction.
A confirmed breakdown below the $12.20 support zone could trigger a move toward the 200-day SMA at $11.92 and potentially lower, possibly to the Fibonacci 0.786 level at $11.43.
On the upside, a bullish surprise breaking above the triangle’s upper trendline and reclaiming $13.34 (the 0.382 Fib level) could invalidate this bearish setup and open the path back to $14.03 and $15.15 for the Official Trump price.
Meanwhile, investors are flocking to the presale for a new Solana project called Solaxy (SOLX), which has just announced that its blockbuster, $37.7 million presale will end in 28 days.
Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 10X post-launch.
Solaxy Presale Closes On $38 Million – Just 28 Days Left
Solaxy, a new crypto project in its presale phase, is positioning itself as the next evolution of the Solana ecosystem.
The project aims to address Solana’s network congestion issues by implementing off-chain processing mechanisms similar to Ethereum’s layer-2 solutions. This model has already been proven successful in scaling a blockchain through platforms like Arbitrum and Optimism.
Solaxy’s system enhances overall efficiency by processing transactions off of Solana’s main chain, bundling them together, and submitting them to the main net for final verification.
It's perfectly okay to think about $SOLX at night…
We won't tell 😉🔥https://t.co/mdaTX9aVVx pic.twitter.com/AZcIvfpiS6
— SOLAXY (@SOLAXYTOKEN) April 22, 2025
Once launched, Solaxy will also provide a platform where developers can build decentralized applications or launch new tokens without compromising Solana’s layer-1 capabilities.
Solaxy also offers holders who stake SOLX a huge annual yield of 107%.
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001728 each. Available payment options include BNB, ETH, USDT, or a bank card.
There are now just 28 days left before the Solaxy presale ends and the project powers up to drive Solana’s next chapter.
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