Official Trump (Trump) – the Solana meme coin launched by President Donald Trump – has been the subject of intense volatility since its launch barely a week ago.
While it started with a parabolic pump, climbing from $5 to a peak of $73 within 48 hours of going live, Official Trump has traded consistently since the arrival of another competing meme coin – the Official Melania Meme (Melania).
Trump, according to coingeckois trading around $27 at press time, roughly 62% from its all-time high.
While it registered a slight increase during the week, possibly due to its listing on Robinhood and Etoro, the Solana Meme coin is back in the red again and is down nearly 20% in the past 24 hours.
Likewise, the market valuation, which initially exploded to $17 billion, has dropped significantly and is currently hovering around $5 billion.
If sidelined investors buy the dip or diversify their investments into upcoming meme coin listings such as Wall Street Baby (WEPE)?
Can bulls regain dominance in the Trump Token market?
Trump’s official coin is in a fierce battle to maintain the bullish momentum he brought into the limelight. Although it is still trading in the green on the weekly charts, its price has been more on the downside over the past three days, falling approximately 12%.
Likewise, daily trading volume fell by 30% to $4.17 billion, indicating reduced market activity.
A look at the four-hour charts reveals bearish strength as the Mimi coin trades within a narrow range of the falling edge.
Furthermore, the RSI divergence indicator is at 43.80, reflecting intense selling pressure that could swing the Mimi coin into the sell zone. per DexScreener dataThe Trump/USDC trading pair saw at least $79 million in selling volume over the past 24 hours, compared to just $35 million in buying volume.
Analysts see this as a bearish signal, suggesting that further downward movement could be on Trump’s horizon if sellers persist.
However, if bulls regain dominance, they could push the token’s price towards the first resistance at $45. A breach of this level could open up further upside action, with next resistance at $59 and a more ambitious target at $74.
Conversely, Trump coin price could reverse to chase the $18 support.
https://www.youtube.com/watch?v=UMOLVBBL5P0
Sharing more insights into the potential price movement of $trump is 99bitcoins, a popular crypto channel on YouTube with over 723k subscribers. In a recent video, Crypto Channel made a bearish case for the Solana Meme Coin, saying that its disputed channel indicates the potential for a more bearish trend in the coming days.
What’s next for Trump Coin?
With sellers still controlling the market momentum, Trump Coin could see a series of lower highs and lower lows in the short term.
Traders may watch for confirmation signals from RSI and MACD alignment before entering positions. Currently, the MACD indicator supports a sell signal, as the blue MACD line (-3.0612) has crossed below the orange signal line (-2.2357).
More than that, according to coinglass data$Trump’s open interest dropped significantly to $914.11 million. If the RSI is above 50, it could be a bullish trigger. Otherwise, caution is advised.
However, as the token oscillates within a tight falling wedge, its next major move could set the tone for its performance in the coming weeks.
Wall Street Pip – Upcoming Coinmem Listing with 100x Potential
While another pump isn’t completely out of sight for $trump, market experts say it now has limited upside potential, considering its multibillion-dollar market cap.
Therefore, it is not surprising that smart money investors are turning to low-drawdown meme coins with greater growth potential such as Wall Street Baby.
It was a huge demand for the token, which was touted to go live by the end of next month and will crush the $60 million milestone in the coming days.
Unlike $trump, Wall Street Pip fuses humor with tangible utility features, offering token holders exclusive access to Wolf of Wall Street Trading Devisions, Alpha Market Alpha, and elite tips that will help them break out of a few whales and amplify their returns.
Another major selling point of this new venture is the special VIP group, dubbed the “Wepe Army.” Through this group, community members can come together, brainstorm, and share ideas on how to move the market collectively.
Trading contests will also remain live, with top performers receiving free $wepe tokens. Additionally, Wall Street Pepe offers registration options, providing a passive path for pre-purchasers to accumulate their winnings even before the token is eventually listed on exchanges.
The combination of these notable elements has boosted Wepe’s popularity among investors.
With less than 23 days to go for its debut, WEPE is already being considered by leading publications such as FinanceFeeds As one of the best opportunities in the market now.
https://www.youtube.com/watch?v=y6lktsu-tny
Likewise, prominent names in the industry have also discussed its high potential, with many calling it the next 100X gem.
Ahead of its eagerly awaited launch, those looking forward to big returns on the upcoming bull run may consider taking advantage of the early entry offered by the prequels.
Visit Wall Street Beeb
