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The Official Trump price soared 9% in the last 24 hours to trade at $11.91 as of 5:34 a.m. EST on trading volume that skyrocketed 391% to $1.5 billion.
This surge in the TRUMP price comes after US President, Donald Trump posted on Truth Social that the token was “the greatest of them all” and “cool.”
Official Trump Price Aims For A Rebound
The TRUMP price on the 4-hour chart showcases a classic falling wedge pattern, which is a bullish reversal formation. This pattern is characterized by converging downward-sloping trendlines, signaling that selling pressure is gradually weakening.
The Official Trump price has successfully broken out of the wedge, indicating a shift in momentum from bearish to bullish.
This breakout suggests that buyers are gaining control and could push the price of TRUMP toward higher resistance levels.
TRUMP is trading above the 50 Simple Moving Average (SMA) on 4-hour chart, which suggests short-term bullish strength. This moving average could now act as support in case of a retest.
Meanwhile, the 200 SMA at $12.77 is the next major resistance level, according to GeckoTerminal data. A successful break and hold above this moving average would confirm a longer-term bullish trend and open the door for further upside.
The Relative Strength Index (RSI) is at 61.63, indicating bullish momentum but not yet in overbought territory. This suggests the asset has room for further upside before facing potential selling pressure.
TRUMP Price Prediction
With the breakout from the falling wedge, the Official Trump price movement above the 50 SMA, and an RSI trending upwards, the bullish case for TRUMP is strengthening. The key level to watch is the 200 SMA at $12.77.
A decisive break above this resistance could accelerate buying pressure and push the price of Official Trump toward the projected $17.50 target, marking a potential 47.32% upside move.
However, if the price of TRUMP fails to sustain above $12.00, a retest of the former wedge resistance (now acting as support) around $11.20 is possible. A breakdown back into the wedge would invalidate the bullish outlook and could lead to further downside.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free Bitcoin.
99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Surpasses $4 Million – Next 100X Crypto?
BTC Bull Token has already raised over $4 million as investors seek an alternative way to gain BTC exposure.
BTC Bull Token’s overwhelming popularity stems from the project’s generous rewards system. It’s the only meme coin offering investors an opportunity to earn real Bitcoin rewards, which are incredibly valuable in a market where the price of BTC is expected to rocket higher.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
BTC Bull Token is designed to deliver rewards when the price of Bitcoin reaches specific milestones. At $150k, $200k, and $250k, BTCBULL token holders will receive free Bitcoin via airdrops.
Furthermore, at $125k, $175k, and $225k, the project will buyback and burn BTCBULL tokens.
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 105% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL tokens for $0.002425 each using BNB, ETH, USDT, or a bank card. Buy before a price hike in about 1 day to lock in the best presale rate.
Visit the BTC Bull Token website.
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Best Wallet - Diversify Your Crypto Portfolio
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