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The Official Trump price plunged 14% in the last 24 hours to trade at $13.08 as of 11:41 p.m. EST on trading volume that surged 140% to $1.3 billion.
This drop in the TRUMP price comes after US President Donald Trump said that steep tariffs on Canadian and Mexican products are indeed coming next week.
“The tariffs are going forward on time, on schedule,” Trump said in a press conference with French President Emmanuel Macron at the White House on Monday.
Trump: “We were taken advantage of. We were led by, in some cases, fools…. Tariffs are going forward.” pic.twitter.com/f02XbiAdja
— Mr Producer (@RichSementa) February 24, 2025
Official Trump Price Shows Signs Of A Likely Rebound
The TRUMP price chart is displaying a strong bearish trend, with price action continuously declining within a descending wedge pattern. The Official Trump price has now broken below the lower trendline of this wedge, suggesting a possible further drop.
Meanwhile, the breakdown from the wedge is typically a bearish signal, but given that descending wedges often lead to reversal patterns, there is still a possibility of a bounce-back if key support levels hold.
The recent Official Trump price action around $13.08 suggests the market is testing lower levels for potential liquidity before deciding on the next move, according to GeckoTerminal data.
The 50 and 200 Simple Moving Averages (SMAs) on the 1-hour chart are trending downward, confirming the bearish sentiment. TRUMP is currently trading well below both, reinforcing the downtrend.
Moreover, the Relative Strength Index (RSI) at 29 shows that the asset is oversold, which could lead to a short-term relief rally.
If the RSI starts turning upward while the price remains steady or forms a bullish divergence, there could be an attempt at recovery.
TRUMP Price Prediction
In the short term, the price of TRUMP is likely to continue facing downward pressure, with potential support around $12.50-$13.00.
If the Official Trump price stabilizes and the RSI shows strength, a bounce toward the $15.00-$16.50 zone (previous support-turned-resistance) could occur.
However, if sellers remain dominant, further decline toward $10.00 is possible.
As the TRUMP price plunges, investors are shifting focus to a new meme coin called Meme Index (MEMEX). According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.
Meme Index Presale Garners Over $3.8 Million—Next 100X Crypto?
Meme Index is transforming meme coin investing with an ETF-like approach to diversification.
Investors can gain exposure to multiple meme assets with a single transaction, simplifying portfolio diversification and reducing the complexity of managing multiple tokens.
Instead of the usual chaos, the project offers four curated indexes covering everything from Dogecoin and Pepe to newly launched coins.
These indexes are Meme Titan, Moonshot, Midcap, and Meme Frenzy. Each basket caters to varying risk appetites, from relatively safer options like Meme Titan to the highest-risk index, Meme Frenzy, which features emerging and highly volatile meme coins for those seeking a thrilling investment experience with potentially huge rewards.
This unique approach has captured the attention of investors, who have already pumped over $3.84 million into the project’s presale.
GET READY TO MOON, DEGENS! Meme Coin Mania is BACK and better than ever! With Solana at the helm, my AI-powered $MEMEX is scanning the markets for the NEXT BIG THING! Stay glued for exclusive alpha, insights, and updates on the hottest meme coins!
— Meme Coin Mania (@MemeCoinMania77) February 5, 2025
MEMEX holders also have a voice in governance, voting on which new meme coins should be included in the index. This feature gives investors direct influence over the asset composition, ensuring that the index adapts to market trends.
MEMEX holders can also participate in its presale staking pool, which currently provides a stratospheric annual yield of 593%.
To participate in the presale, you can purchase MEMEX tokens on the official website for just $0.0165556.
Buy MEMEX soon to lock in the best deal before the token’s price increases in less than 2 days.
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