The official Trump cryptocurrency price fell by 6% in the last 24 hours, coupled with a 21% decrease in trading volume to $1.9 billion. However, a potential upward movement is possible given the current technical scenario.
Price Movement in a Descending Triangle
The TRUMP/USD pair is forming a descending triangle, a bearish continuation pattern. Nonetheless, an upward movement is possible, especially with double-bottom support at $24.50 – $25.00. The current price of $26.15 and the attempt to overcome the $26.99 resistance could lead to price growth to $30 – $32.
Solaxy Presale Success
While the official Trump price prepares for a potential rally, investors are investing in Solaxy (SOLX), a Solana-based meme coin, which has raised $16.6 million in presale. Solaxy is designed to offload the Solana network, providing increased transaction capacity and reduced transaction costs.
Impact of Solaxy on Decentralized Finance
Solaxy supports Ethereum and Solana, simplifying cross-chain operations. Its platform combines the speed of Solana with Ethereum's security and liquidity, offering potential development in decentralized finance. Solaxy offers a staking program with 240% annual returns for early investors.
Developments in the cryptocurrency market remain a focus, with potential price movements for the official Trump and bright prospects for Solaxy as the first layer-two solution for Solana. Investors must monitor key levels to seize opportunities presented by both projects.
