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The Official Trump price is down more than 12% on the weekly timeframe despite a 1% gain in the past 24 hours to trade at $10.33 as of 6:14 a.m. EST.
The weekly drop in the TRUMP price comes as financial markets brace for new tariff announcements from US President Donald Trump later today.
Official Trump Price Clings To A Support Level
4-hour chart for TRUMP/USD (Source: GeckoTerminal)
The Official Trump price is resting on the support level at $10.28, GeckoTerminal data shows. Should the meme coin drop below this technical safety net within the next few hours, it could stand the risk of plunging all the way down to $9.89.
However, traders identifying the current Official Trump price as a buy opportunity could lead to a more bullish scenario. TRUMP may start to rise towards the closest resistance level at $10.63 in this alternative case. Overcoming this obstacle might then clear the room needed for the presidential meme coin to rise to as high as $11.02 in the short term.
Technicals Point To A Continued Drop For The Official Trump Price
From a technical standpoint, there are warnings on the 4-hour chart that point to a drop in the Official Trump price in the next few hours. More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are starting to show early negative signs.
In the last couple of hours, the MACD line has started to collapse towards the MACD Signal line. The current orientation of the two lines with respect to each other and the narrowing gap between them might be seen by traders as a sign of an upcoming bearish cycle.
If the MACD line drops below the MACD Signal line, it could spook investors and traders, leading to a wave of panic selling and some downside pressure being applied on the Official Trump price.
Meanwhile, the RSI has levelled off slightly below the neutral 50 mark. Although the current value suggests the Official Trump price could go either way in the next 24 hours, the narrowing gap between the MACD lines warns a bearish scenario might be more likely to play out in the short term.
As TRUMP clings to support, investors are flocking to buy the presale crypto BTC Bull Token (BTCBULL).
This is as 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, predicts the meme coin could soar 10X after its launch.
The Ultimate Meme Coin Play That Rewards Holders With Free Bitcoin
BTC Bull Token is a Bitcoin-branded meme coin that wants to cheer the largest crypto by market cap on as it soars to new heights. The project has the ambitious goal of rallying investors to push BTC’s price to above the $1 million mark.
Along the way, BTC Bull Token has set price milestones that will either trigger BTC airdrops or BTCBULL token burns. According to the project’s website, free Bitcoin will be distributed to token holders when BTC’s price hits $150K for the first time.
Thereafter, every $50K increase in the market leader’s price will lead to free Bitcoin being distributed to BTCBULL holders.
Meanwhile, tokens will be permanently removed from the supply once Bitcoin reaches $125K for the first time. Thereafter, every $25K increase will trigger another burn.
This is meant to mimic BTC’s ever-growing scarcity, which could lead to a massive rally for BTCBULL if the reduced supply is met with soaring demand.
Investors Rush To Buy BTCBULL At Presale Prices
BTCBULL’s ongoing presale is drawing investors in at a rapid pace, with its total raise already standing at more than $4.3 million.
In addition to its combination of meme coin and Bitcoin appeal, the token also offers investors at this early stage a huge 96% annual return if they lock up their tokens.
Interested investors can buy BTCBULL through the widget embedded on the project’s website. Selling for $0.00244, the meme coin can be bought with either crypto or bank card.
Anyone looking to get the best deal will want to act before the next presale price increase in about 21 hours.
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