Recently, the TRUMP price has been on a significant decline, mainly due to the tariffs imposed by President Donald Trump on trading partners.
TRUMP Price Decline
The TRUMP price fell by 17% over the last 24 hours to $20.17, with trading volume surging 47% to $3.1 billion. This plunge made TRUMP the top loser among major cryptocurrencies by market capitalization, following the imposition of new tariffs by President Trump on Canada, Mexico, and China.
TRUMP Price Forecast
The TRUMP price shows a downward trend, reflected in the one-hour chart. After a sharp peak at $73, the price continuously declines, forming a descending channel. The price is testing the lower boundary at $20.17 after reaching a local low of $18.56. A short-term bounce is possible, but the overall trend remains downward. The RSI is at 31.20, indicating potential oversold levels, yet persistent selling pressure remains.
Meme Index Presale Closing
Meme Index, the first decentralized meme cryptocurrency index, is in the presale phase and has raised $3.2 million. The MEMEX index offers various baskets for investment—from relatively safe Meme Titan Index to the high-risk Meme Frenzy Index. Participants in the presale can engage in staking with yields of 700% annually.
The tariffs imposed by the Trump administration have significantly impacted the TRUMP price, while the Meme Index project continues to gain popularity and collect substantial funds in its presale.
