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The Official Trump price slumped 12% in the last week and 2% in the past 24 hours to trade at $9.56 as of 3:56 a.m. EST, with trading volume dropping 32% to $236 million.
This drop in the TRUMP price comes as US President Donald Trump called for Tehran’s unconditional surrender, even as thousands of people were fleeing major cities, as Iran and Israel launched new missile strikes at each other.
Trump warned on social media on Tuesday that US patience was wearing thin. While he said there was no intention of killing Iran’s leader, Ayatollah Ali Khamenei, “for now,” his comments suggested a more aggressive stance toward Iran as he weighs whether to deepen US involvement.
— Donald J. Trump (@realDonaldTrump) June 17, 2025
With tensions triggering a 3% drop in the crypto market, reducing its total capitalization to $3.4 trillion, what implications does this have for the TRUMP token?
Official Trump Price On A Downtrend, Aims For A Bullish Trend Reversal Over A Wedge
The TRUMP price has been trading within a falling wedge pattern on the 1-day chart, characterized by lower lows and lower highs converging.
With the Official Trump price now trading around the 0.786 Fibonacci level at $9.39, this level may act as efficient support to push TRUMP over the upper boundary of the wedge, as GeckoTerminal data shows.
As a result of the downtrend, the price of Official Trump now trades well below the 50-day Simple Moving Average (SMA), which now acts as a long-term resistance at $11.91.
Meanwhile, the Relative Strength Index (RSI) sits at 35.26, indicating the asset is approaching oversold territory. While not yet under 30, the indicator is low enough to suggest reduced selling momentum and increased probability of a reversal.
If the descending wedge plays out as anticipated, TRUMP could break out to the upside in the coming sessions. The first price target lies around $12.93, corresponding with the 0.382 Fibonacci level and the top of the marked resistance zone on the chart.
That would represent a 33%+ move from the current price.
However, failure to break out of the wedge to the upside would likely see the asset retest lower supports near $9.00 and $8.00, invalidating the bullish scenario.
Meanwhile, investors are flocking to a new Solana project called Solaxy (SOLX), which has just concluded its presale, and claims will be live in approximately 5 days, with listings to follow shortly thereafter.
Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 100X post-launch.
Solaxy Presale Racing Toward $55 Million – Buy Now Before Time Runs Out!
With over $7 million raised in just the past week, Solaxy has now brought its total presale raise to $54.1 million, a significant milestone as it enters its final 5-day countdown.
Solana is fast and cheap, handling thousands of transactions every second. However, when too many people use it simultaneously, the network can slow down or stop functioning. To help with this, the Solaxy team built a special layer-2 system.
The project aims to implement off-chain processing mechanisms similar to those found in Ethereum’s layer-2 solutions. Platforms like Arbitrum and Optimism have already proven this model successful.
Solaxy’s system enhances efficiency by processing transactions off of Solana’s main chain, bundling them together, and submitting them to the mainnet for final verification.
The team recently launched their testnet and its blockchain explorer, a tool that lays the groundwork for tracking transactions across Solaxy’s layer-2 before they are bundled and committed to Solana’s mainnet. To facilitate this, the project has also collaborated with Hyperlane to deliver one of Web3’s most seamless bridging experiences.
Recently, the team revealed their development roadmap. This is a strong signal that the team will keep building the Solaxy infrastructure post-presale.
🚨 Hey Solaxy Community, we’re thrilled to announce our collaboration with @hyperlane to deliver one of Web3’s most seamless bridging experiences.
Solana ↔️ Solaxy ↔️ Ethereum. Fast, modular, permissionless.
Together, we’re building the first true Layer 2 bridge for Solana… pic.twitter.com/Jfk2GJUUD3
— SOLAXY (@SOLAXYTOKEN) June 10, 2025
Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001766 each using BNB, ETH, USDT, or a bank card.
The project’s presale staking program also offers token holders a huge 78% APY. Anyone looking to buy SOLX at the best rate will want to hurry, as the SOLX token will be listed on major exchanges in about 5 days.
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