Plummeting TRUMP Value: TRUMP experiences a 23% drop in a week, as investors shift focus towards a Solana Layer-2 solution offering a promising 121% staking Annual Percentage Yield (APY), valued at $33.4 million.
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The OFFICIAL TRUMP token has taken a hit this past week, with a 23% nosedive and a 1% dropover the past 24 hours, leaving it trading at $10.97 as of 9:37 p.m. EST. Despite these declines, the token remains 19% green on the monthly time frame.
Right now, OFFICIAL TRUMP is hinging on a support level at $11.53, according to GeckoTerminal data. If the meme coin falls below this mark in the next 48 hours, it could be in danger of plummeting to $9.05. However, if traders start scooping up OFFICIAL TRUMP at its current price, there's a chance it could try and flip the resistance level at $13.36 into support, which could then push the crypto to $15.62 or even $18.74 in a worst-case scenario.
From a technical viewpoint, chart indicators suggest the OFFICIAL TRUMP token might continue to slide in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show bears are currently holding an edge over bulls on the OFFICIAL TRUMP charts.
Over the last couple of days, the MACD line has dipped below the MACD Signal line. This technical occurrence typically signals that the crypto is heading towards bear territory. Additionally, the gap between the two lines has been widening since they crossed, indicating that the bearish momentum for OFFICIAL TRUMP is intensifying. On the other hand, RSI readings have bounced in the mid-40s lately, hinting that the OFFICIAL TRUMP token could go either way in the short term. In light of the bearish MACD indication, a downward drop appears more probable.
While the technical analysis paints a bearish picture for OFFICIAL TRUMP, investors have been flocking to Solaxy (SOLX) presale. With a staggering $33.4 million already invested, this Solana token is being lauded by the popular YouTube channel 99Bitcoins, which boasts 725K subscribers.
Solaxy aims to minimize the frequent downtime experienced by Solana by introducing the first layer-2 scaling solution for the SOL ecosystem. By utilizing well-established scaling technologies like rollups, Solaxy will process groups of SOL transactions off the mainnet and submit them in batches to the layer-1 chain for validation. This approach will significantly improve the transaction rate of the Solana network, easing congestion and reducing backups. Additionally, Solaxy will bridge the Solana network with Ethereum to provide for Decentralized App and meme coin developers a streamlined platform.
Join the Solaxy presale by purchasing SOLX via their website's embedded buy widget. Currently retailing for $0.001716, SOLX can be bought both with crypto or traditional payment methods. Optionally, funds can be staked in the Solaxy presale staking pool, which currently offers an impressive 121% APY. However, those hoping to seal the best deal should act soon, as the SOLX price will be subject to a presale increase in approximately 38 hours.
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Bonus Facts:
- Solaxy's intent is to reduce Solana's occurrences of downtime and increase its overall transaction throughput by leveraging layer-2 scaling solutions.
- Solaxy will serve to combine the advantages of two prominent blockchains — Solana and Ethereum — for developers of Decentralized Apps and meme coins.
- 99Bitcoins, a vastly popular YouTube channel, has predicted Solaxy has the potential to surge 100x post-launch.
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- The upcoming Solaxy (SOLX) presale has been attracting investors, with a significant $33.4 million already put into the project.
- Despite the bearish technical outlook for the OFFICIAL TRUMP token, its price is currently trading at USD 10.97 on GeckoTerminal.
- If you're interested in investing in technology and finance, keep an eye on the upcoming SOLX presale and consider joining our Telegram community for updates and discussions.
- Solaxy aims to minimize downtime on the Solana network and increase transaction throughput by leveraging layer-2 scaling solutions and bridging with Ethereum, potentially offering a platform for Decentralized App and meme coin developers.
