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The Official Trump price dropped 6% in the past 24 hours to trade at $8.74 as of 4:23 a.m. EST, with trading volume up 25% to $419 million.
The decrease in the TRUMP price happened after US President Donald Trump signed an Executive Order imposing high tariffs on several trading partners late yesterday.
TRUMP has been down 14% in the last 2 weeks. Is it still on a downtrend, or is it poised for a recovery?
Bearish Momentum For Official Trump Price Strengthens Below Key Support Levels
The TRUMP price has recently broken down from a head-and-shoulders pattern that had formed near the $11 mark, signaling a strong shift in sentiment.
The Official Trump price is currently trading at $8.7452 and trending downward after failing to hold above the 50 and 200 Simple Moving Averages (SMAs) on the 4-hour chart.
The recent break below the 0.786 Fibonacci retracement level ($9.18) reinforces bearish control. A green arrow on the chart suggests a possible test of the previous low near $8.46.
Meanwhile, the Relative Strength Index (RSI) sits at 24.09, deep in the oversold territory, indicating intense selling pressure but also the potential for a short-term relief bounce.
TRUMP is likely to continue lower in the short term. The next support zone lies around $8.46.
However, if oversold conditions trigger a bounce, resistance is expected near $9.18 and $9.75.
Meanwhile, investors are piling into a new BTC-themed crypto called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 1,000X after launch.
Bitcoin Hyper Token Presale Racing Towards $6.5 Million – Next 1,000X Crypto?
Bitcoin Hyper aims to become BTC’s first full-fledged layer-2 (L2) execution network, built from the ground up to surpass the Bitcoin blockchain’s performance limits.
Unlike previous sidechains and L2 solutions, Bitcoin Hyper will leverage the Solana Virtual Machine (SVM), which is known for its high speed and proven reliability.
The SVM’s parallel processing architecture will enable a theoretical throughput of over 60,000 transactions per second (TPS), significantly outpacing Bitcoin’s base layer and even Web2 payment networks.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
The project also functions on a decentralized Canonical Bridge, which ensures seamless and secure transfers between Bitcoin’s base layer and BTC Hyper.
Investors are betting big on the idea, having pumped over $6.2 million into the project’s presale. Additionally, if you buy and stake now, you could unlock a 165% APY. However, this rate decreases as more people join, so timing is crucial.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.012475 each using crypto or a bank card.
Buy before the next price increase in about 7 hours.
Visit the Bitcoin Hyper website.
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Best Wallet - Diversify Your Crypto Portfolio
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