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The Official Trump price surged 10% in the last 24 hours to trade at $12.19 as of 10:07 p.m. EST, despite trading volume dropping 2% to $1.5 billion.
Official Trump Price Analysis: Potential Breakout Or Rejection?
The TRUMP price on the 4-hour timeframe shows a falling wedge pattern, characterized by a series of lower highs and lower lows. This formation typically signals a potential bullish reversal, especially when accompanied by increasing buying pressure.
The point D on the chart suggests that the Official Trump price is currently testing a breakout zone.
Meanwhile, the 50-day Simple Moving Average (SMA) at $11.35 is acting as an initial support level, while the 200-day SMA at $14.42 is a key resistance level to watch in case of a breakout.
The Relative Strength Index (RSI) is currently at 66.13, nearing the overbought region (above 70), which suggests a strong buying momentum.
Moreover, the Moving Average Convergence Divergence (MACD) line (blue) has crossed above the signal line (orange), a classic bullish signal. The green histogram bars are increasing in the positive territory, confirming the strengthening bullish momentum.
TRUMP/USDT Chart Analysis (Tradingview)
TRUMP Price Prediction
Considering the falling wedge pattern, the bullish MACD crossover, and the RSI nearing overbought levels, if the Official Trump price breaks above the wedge resistance and the 50-day SMA holds as support, we could see a rally toward $14.42 (200-day SMA).
However, if the TRUMP price fails to hold above the wedge resistance, a retracement toward $11.50-$11 is likely. A breakdown below this level could push the price of Official Trump toward the lower wedge support ($10 or lower).
As the Official Trump price surges, investors are shifting focus to a new meme coin presale called Meme Index (MEMEX).
According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.
Meme Index Soars Past $4 Million – Last Chance To Buy
Meme Index simplifies investing in meme coins by offering investors access to diversified investment portfolios.
While meme coins can yield explosive profits, their unpredictability means there is huge potential downside risk.
The MEMEX token offers four diversified investment baskets: Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index.
Each basket caters to varying risk appetites, from relatively safer options like Meme Titan to the highest-risk Meme Frenzy, which features emerging and highly volatile meme coins for those seeking high returns while willing to accept high risk.
If DOGE & SHIB made millionaires imagine what an Index of meme coins can do. $MEMEX is the next level. 🔥🚀 pic.twitter.com/tjuPsZrEbl
— Meme Index (@memecoin_index) March 11, 2025
MEMEX holders can also participate in the project’s presale staking pool, which currently provides a stratospheric annual yield of 566%.
Meme Index has already raised over $4.03 million in its presale, which is gaining momentum despite the market downturn.
You can purchase MEMEX tokens on the official website for just $0.0166883 before the presale ends in 16 days.
Visit the Meme Index website here.
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