Trump Value Forecast: Trump Dips 23% in a Week as Investors Shift towards This $33.4M Solana Layer-2 for Its 121% Staking Annual Percentage Yield
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The price of the notorious OFFICIAL TRUMP token has taken a tumble, plunging over 23% in the last week and an additional 1% in the past 24 hours to trade at $10.97 as of 9:37 p.m. EST. As frightened investors shed their holdings in the meme coin, the cryptocurrency market reflects a wave of unease.
Despite the downward trend in the last week and the past 24 hours, the OFFICIAL TRUMP price has still managed to maintain a green margin of 19% when viewed on a monthly time frame.
OFFICIAL TRUMP clings to Support
The OFFICIAL TRUMP token price is supported by a crucial level at $11.53, according to findings from GeckoTerminal. Should the meme coin slip below this level within the next 48 hours, it risks a nosedive to $9.05—a distressing prospect for investors.
But there's a glimmer of hope: if canny traders commit to OFFICIAL TRUMP at its current level, the token could attempt to flip the resistance level at $13.36 into support. In this optimistic scenario, relentless pressure from buyers could potentially push the crypto towards $15.62 or even $18.74 in a wild, fearless adventure.
Bearish Technicals hint at Further Slides for OFFICIAL TRUMP
From a technical standpoint, indicators on OFFICIAL TRUMP's daily chart point to an unsettling possible extension of its descent in the following 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest a slight advantage for the bears over the bulls within the meme coin's charts.
In the past few days, the MACD line has plummeted beneath the MACD Signal line, an event typically viewed as a red flag, signaling the beginning of a negative trend. To add fuel to the fire, the gap between the two lines has widened significantly, further demonstrating the strengthening bearish momentum behind OFFICIAL TRUMP.
Meanwhile, RSI readings have bobbed up and down in the high 40s for the past couple of days, a position that leaves the OFFICIAL TRUMP price poised to take a turn either way. However, the bearish momentum revealed by the MACD suggests that a bearish plunge is more likely.
While technical indicators raise concerns about a continued drop in the OFFICIAL TRUMP price, the air is crackling with excitement for a groundbreaking Solana token called Solaxy (SOLX). Popular YouTube channel 99Bitcoins, which commands an audience of 725K subs, predicts a potential 100X surge after SOLX's launch.
Solaxy forms layered Foundations for Solana
Initially designed as a speedier and cheaper alternative to Ethereum, Solana boasted a surge of developer interest, causing the SOL network to suffer from whopping congestion levels. Another outage on the network seems likely if undue pressure persists.
Solaxy aims to alleviate Solana's crippling congestion burden by ushering in the first-ever layer-2 scaling solution for the SOL ecosystem. Utilizing well-proven scaling technologies known as rollups, Solaxy will collect SOL transactions off the mainnet, and then disburse the batches to the layer-1 chain for final validation.
Bundling transactions this way significantly streamlines the process, thereby enhancing the Solana network's transaction throughput and reducing the throbbing ache of congestion. Additionally, Solaxy endeavors to bridge the network with Ethereum, combining the strongest elements of both blockchains to give developers of decentralized apps and meme coins a robust platform for future growth spurts.
A Blazing Presale for Solaxy
Investors are putting their money where their mouth is, flocking to pump a breathtaking $33.4 million into the Solaxy project's ongoing presale. With such bullish predictions from influencers like 99Bitcoins and the project's strategic positioning as the first-ever SOL layer-2, it's no wonder excitement about the meme coin has reached boiling point.
Those eager to join in the action can grab their slice of the SOLX pie by picking up tokens via the simple buy widget embedded on the project's website. The purchase price stands at a modest $0.001716, with flexible options to pay either digital currencies or regular bank cards. Tokens can even be locked away for safekeeping in Solaxy's presale staking pool, currently offering an attractive APY of 121%.
For buyers looking to nab the best possible deals, speed is essential—the presale price for SOLX is due to undergo an increase in about 38 hours.
Explore the Solaxy website.
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- Given the bearish technical indicators for OFFICIAL TRUMP, it might be wise for tech-savvy investors to look into alternative opportunities such as Solaxy (SOLX), a Solana token that aims to address Solana's congestion issues using cutting-edge scaling technologies.
- As the crypto market experiences a wave of unease, with the OFFICIAL TRUMP token's price plummeting, it could be a perfect time for individuals interested in finance and investing to explore new avenues like Solaxy's ongoing presale, where they can purchase tokens at a modest price and potentially profit from a 100X surge, as predicted by popular YouTube channel 99Bitcoins.
