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The OFFICIAL TRUMP price skyrocketed over 39% in the last 24 hours to trade at $12.87 as of 9:40 p.m. EST as investors rush to buy the meme coin.
The surge in the TRUMP price comes after the official website for the meme coin offered the opportunity for the “top 220” holders to meet the president in person at his golf club in Washington, DC.
Any token holder that applies will need to pass a background check, “can not be from a watchlist country,” and could not invite additional guests.
OFFICIAL TRUMP Price Battling A Resistance Level
4-hour chart for TRUMP/USD (Source: GeckoTerminal)
The OFFICIAL TRUMP price is attempting to break above the resistance level at $13.58, according to data from GeckoTerminal. Should the meme coin clear this obstacle in the next few hours, it could have the foundation needed to rise to the next major barrier at $15.63.
However, sellers successfully defending the mark might lead to a more bearish scenario playing out. In this alternative case, the OFFICIAL TRUMP price could end up testing the immediate support level at $11.29. If the meme coin drops to this point and the sell pressure persists, TRUMP might plunge all the way down to $9.01.
Technicals Warn The OFFICIAL TRUMP Price Might Undergo A Bearish Trend Reversal Soon
From a technical standpoint, indicators on TRUMP’s 4-hour chart warn the meme coin’s bullish momentum might have reached a peak. Trades will want to keep an eye on the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) to be on the lookout for a potential change in trend.
The MACD line is still breaking away above the MACD Signal line, which is a bullish sign and suggests a potential continuation of the current trend.
However, RSI readings have started to drop in recent hours. Traders usually see decreasing RSI values as a sign of diminishing buyer strength. What’s more, the current reading in the high 80s warns the OFFICIAL TRUMP price is in overbought territory. This is a classic sell signal, because it suggests a crypto’s downside potential is greater than its upside potential.
As the OFFICIAL TRUMP price tries to beat resistance, investors are piling into the presale for Solana layer-2 token Solaxy (SOLX). 99Bitcoins, a popular YouTube channel with over 725K subscribers, says the new crypto has the potential to soar 100X after its launch.
Solana About To Scale To New Heights
Solana was launched as a much faster and cheaper alternative to Ethereum, and while this was the case in the start, Ethereum’s layer-2 ecosystem is now challenging Solana’s position in the competitive blockchain market. Additionally, Solana has become congested due to the recent hype around SOL tokens, especially meme coins, resulting in slow and often failed transactions.
Solaxy aims to even the playing field for the popular blockchain, and introduces the first layer-2 scaling solution for the Solana ecosystem. The project will employ the same method of transaction processing used by Arbitrum and Optimism in Ethereum, and will process transactions off of the mainnet before submitting them to Solana for final validation.
Given the massive impact layer-2 chains have had on the clunky and legacy Ethereum network, Solaxy’s move to bring this technology to the much quicker Solana blockchain could make the SOL network the Web3 powerhouse that can cater to decentralized application and meme coin developers’ growing demands.
NOTHING can escape the gravitational pull of $SOLX🛸🪐https://t.co/mdaTX9aVVx pic.twitter.com/JN8DolMy5r
— SOLAXY (@SOLAXYTOKEN) April 23, 2025
Solaxy will also bridge Solana with Ethereum, combining the strengths of two of the most prominent blockchains in the crypto space. SOLX will be at the center of all of this new transaction activity, which will boost its utility as well as push its value up.
Investors Rush To Buy SOLX At Presale Prices
With the bullish predictions by experts like 99Bitcoins and the project’s positioning as the first SOL layer-2, it’s no wonder SOLX’s presale has gone parabolic. Investors have already poured more than $31.37 million into the project’s ongoing ICO, signaling strong confidence in the project’s future.
Anyone that wants to get in on this ground level can buy SOLX through the easy-to-use buy widget embedded on the project’s website. Currently selling for $0.001704, the token can be bought with both crypto or bank card.
Once bought, the SOLX tokens can be put to work from the get-go via the project’s presale staking pool that currently offers a 129% APY.
Interested investors will want to hurry, because SOLX’s price will undergo a series of staged price increases. The next price hike is scheduled for around 38 hours.
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