The Official Trump price plunged 17% in the last 24 hours to trade at $20.17 as of 9:15 p.m. EST on trading volume that surged 47% to $3.1 billion.
The drop made TRUMP the top loser on CoinMarketCap among major cryptos by market capitalization, and came after President Donald Trump ordered sweeping tariffs be imposed on its top three trading partners: Canada, Mexico, and China.
Official Trump Price Could Continue Dropping
The TRUMP price has been experiencing a strong downtrend, as reflected in the 1-hour chart. After a sharp peak at $73, the Official Trump price has consistently declined, forming a descending channel marked by two black trend lines.
The market structure suggests continuous lower highs and lower lows, reinforcing a bearish outlook.
Currently, the price of TRUMP is testing the lower boundary of the channel around $20.17, after hitting a local low of $18.56. While a short-term bounce may be possible, the overall trend remains downward unless key resistance levels are broken.
As a result of the downtrend, the price of Official Trump now trades well below both the 50-day and 200-day Simple Moving Averages (SMAs), which now support the continued down movement.
The Relative Strength Index RSI is currently at 31.20, approaching the oversold region (below 30). A slight bounce from 25.40 suggests some temporary relief, but the RSI remaining near oversold levels indicates persistent selling pressure.
TRUMP/USDT Chart Analysis (Tradingview)
TRUMP Price Prediction
With the Official Trump price trading within a well-defined descending channel and failing to break above key moving averages, the trend remains bearish. If the TRUMP price breaks below $18.56, further downside toward $15-$16 is possible.
However, if the price of Official Trump breaks above the $23.87 resistance (50-day SMA) and sustains momentum, it could challenge the $27.08 level (200-day SMA) before confirming a potential reversal.
As the TRUMP price plunges, investors are piling into a new meme coin called Meme Index (MEMEX) . According to crypto analyst and YouTuber Jacob Bury, who has over 54k subscribers, MEMEX has the potential to be the next 10x crypto.
Meme Index Presale Closing On $4 Million Milestone
Meme Index is the world’s first decentralized meme coin index that’s currently in its presale phase. The project has already raised $3.2 million and is gaining momentum.
The MEMEX token offers several meme coin baskets for investment, including the Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index.
Each basket caters to varying risk appetites, from relatively safer options like Meme Titan to the highest-risk Meme Frenzy, which features emerging and highly volatile meme coins for those seeking a thrilling investment experience with potentially huge rewards.
MEMEX holders can also participate in its presale staking pool, which currently provides a stratospheric annual yield of 700%.
You can purchase MEMEX tokens on the official website for just $0.0157812 to participate in the presale.
Interested investors should buy before a price hike in less than 20 hours.
Buy MEMEX tokens using USDT, ETH or bank card .
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