{"id":634887,"date":"2025-03-12T10:51:12","date_gmt":"2025-03-12T10:51:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=634887"},"modified":"2025-03-12T10:51:12","modified_gmt":"2025-03-12T10:51:12","slug":"official-trump-price-drops-3-as-donald-trump-buys-a-tesla-with-elon-musk-while-traders-buy-this-ico-offering-free-bitcoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/official-trump-price-drops-3-as-donald-trump-buys-a-tesla-with-elon-musk-while-traders-buy-this-ico-offering-free-bitcoin","title":{"rendered":"Official Trump Price Drops 3% As Donald Trump Buys A Tesla With Elon Musk, While Traders Buy This ICO Offering Free Bitcoin"},"content":{"rendered":"

The Official Trump price dropped 3% in the last 24 hours to trade at $10.30 as of 3:47 a.m. EST on trading volume that dropped 33% to $735 million.<\/span><\/p>\n

This decline in the TRUMP price comes after US President Donald Trump bought a shiny red Tesla with the company’s CEO Elon Musk by his side, who helped the Republican leader pick the car on the White House driveway on Tuesday.<\/span><\/p>\n

“Wow, that’s beautiful,” Trump said as he eased his way into the driver’s seat of a Model X.<\/span><\/p>\n

Official Trump Price Analysis: Potential Breakout On The Horizon?<\/h2>\n

The <\/span>TRUMP price<\/span><\/a> has been on a prolonged downtrend since its explosive rally, forming a descending wedge pattern.<\/span><\/p>\n

This pattern, marked by lower highs and lower lows, is often seen as a potential bullish reversal setup. <\/span><\/p>\n

The Official Trump price has consistently moved within the confines of this wedge, with multiple touchpoints at both the upper resistance and lower support.<\/span><\/p>\n

A crucial factor in this setup is the presence of well-defined points (A, B, C, D) which highlight smaller breakout attempts that were ultimately rejected at resistance, according to <\/span>GeckoTerminal<\/span><\/a> data. <\/span><\/p>\n

The recent Official Trump price action shows consolidation near the wedge’s lower boundary, suggesting a possible accumulation phase before a breakout. <\/span><\/p>\n

The immediate resistance level is around $12.01, which aligns with the 50 Simple Moving Average (SMA) on the 4-hour chart, making it a key area to watch.<\/span><\/p>\n

Meanwhile, the 200 SMA is positioned at $14.94, which serves as a stronger resistance zone. A break above this level would confirm a more extended bullish move.<\/span><\/p>\n

The Relative Strength Index (RSI) is currently at 35.55, indicating that the asset is nearing oversold conditions. This suggests weakening selling pressure and the potential for a reversal if demand picks up.<\/span><\/p>\n

\"Official
TRUMP\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

TRUMP Price Prediction<\/h2>\n

According to the TRUMP price analysis, TRUMP is nearing a crucial moment, and traders should watch for confirmation of a breakout above key resistance levels to validate a bullish reversal.<\/span><\/p>\n

If the Official Trump price successfully breaks out of the falling wedge, the measured move projection suggests a 72.87% upside, targeting a price of around $18.00 – $20.00.<\/span><\/p>\n

However, the first major resistance is at $12.01 (50 SMA), followed by $14.94 (200 SMA). If the price of TRUMP fails to reclaim these levels, it could continue consolidating or experience another rejection.<\/span><\/p>\n

Meanwhile, investors are piling into a new Bitcoin-themed meme coin called <\/span>BTC Bull Token (BTCBULL)<\/span><\/a> that is giving away free BTC.<\/span><\/p>\n

99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.<\/span><\/p>\n