The official Trump price has risen by 10% in the past 24 hours, trading at $17.22 as of 7:30 a.m. Eastern Time, with trading volume surging by 180% to $2 billion.
Official Trump Price Ready for Bullish Breakout
On the 4-hour chart of TRUMP/USDT on Binance, a long-term bearish channel that has dominated the market since the end of January is shown, characterized by lower highs and lower lows. However, the price recently formed a double bottom pattern at the support level of $13.22, showing a potential bullish reversal signal. This support level has proved strong, and buyers have stepped in to prevent further declines. The relative strength index (RSI) is 51.22, hovering in the neutral zone but slightly above the midline, indicating a balance between buying and selling pressures with a slight bullish bias.
TRUMPUSDT analysis (Source: TradingView)
Immediate resistance is at $18.15, which coincides with the previous support-turned-resistance. A break above this level could propel the price towards the main resistance range of $25-30, as shown in the chart. This level is crucial as a break above it could unlock further bullish momentum.
On the downside, if the price fails to sustain the $13.22 support, the next major support is near $14.56. The presence of a double bottom pattern suggests strong defense by the bulls, but if this level fails to sustain, the price could revisit the $12-13 range.
The TRUMP/USDT chart shows a potential trend reversal, supported by a double bottom pattern and RSI stability. A confirmed breakout above the $18.15 resistance level could result in a significant upside, while a failure to sustain support could signal further bearishness.
Solana Layer-2 Presale Surpasses $20.4 Million — The Next Explosive Cryptocurrency?
Solana’s layer-2 emoji coin Solaxy (SOLX) continues to thrive, with presales exceeding $20.4 million as traders anticipate a bullish breakout from the official Trump price.
The project aims to solve the congestion on the Solana network caused by rising demand for the SOL base emoji coin, which has put severe pressure on the mainnet. Without a suitable solution, Solana may face the risk of downtime again.
Solaxy's advantages are really impressive... $SOLX is powerful! pic.twitter.com/yqIjimnys9
— SOLAXY HELP TEAM (@SOLAXYTOKEN_HT) February 7, 2025
Through its Layer-2 sidechain, it aims to reduce this burden by processing transactions off-chain, packaging them, and then submitting them to Solana's Layer-1 for verification. This approach improves network efficiency, reduces transaction fees, and increases throughput, making Solaxy a promising scaling solution for Solana.
99Bitcoins, a popular cryptocurrency YouTube channel with over 724K subscribers, predicted that the SOLX token could rise 100x after its launch.
Currently, SOLX is priced at $0.001634 and can be purchased with cryptocurrency or a bank card through the purchase widget on the project's website. Investors seeking passive crypto rewards can join Solaxy's pre-sale staking program, which offers an annual return of 199%.
Investors looking to acquire SOLX tokens at the lowest presale price should act fast as the price will increase in less than 2 days.
Buy SOLX tokens here before the next price increase.
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