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Junior Content Creator
Harvey Hunter
Junior Content Creator
Harvey Hunter
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Why Trust Cryptonews
Since its February highs TRUMP coin has crashed almost 80%, proving the hardest hit among other front-running meme coins.
The initial FOMO has given way to profit-taking and panic selling, leaving latecomers to grapple with steep unrealized losses.
However, with a 154% rise in trading volume to $1.9 billion pushing a 10.7% price jump today, it seems these breakout hopes may have materialized.
The sudden reversal appears to be more than just a temporary bounce, as key technical indicators suggest a potential breakout.
The price surge marks the conclusion of a symmetrical triangle pattern forming since early February, a structure often preceding strong directional moves.
Meanwhile, the Relative Strength Index (RSI) has sharply recovered to a stable 57, rebounding from oversold levels at 30—a sign of seller exhaustion.
This may have paved the way for a successful retest of the pattern’s lower resistance, with momentum reinforced by a bullish golden cross as the MACD line overtook the signal line.
Such moves often precede significant price upticks, and with bulls seizing control, the next leg up may be underway.
If the triangle breakout holds, TRUMP could surge 30% to $21.50. However, a larger bullish structure is also in play.
The breakout path of a descending channel—which has been forming since mid-January—suggests a second target of $26.35, marking a 60% increase.
That said, an immediate rejection at the 50SMA raises concerns about the breakout’s staying power, making sustained buying pressure crucial to confirming the uptrend.
This New ICO is Cleaning Up TRUMP Coin’s Mess
Since Trump backed TRUMP coin, a new wave of “meme coin mania” has made the Solana network a goldmine for 10-100x meme coins, but the trading volume it brought has taken a toll.
As any user would know, failed transactions are the platform’s biggest gripe.
Well, Solaxy ($SOLX), the first-ever Layer-2 solution built on Solana, heeds the answer to this call—all the while riding its tailwinds.
Unlike Ethereum, which boasts several Layer-2 options, Solana has long lacked this capability—until now.
And Investors are flocking, with over $20 million raised in one of the biggest presales right now!
By processing transactions off-chain and finalizing them on Solana, Solaxy significantly reduces congestion and lowers transaction costs, while offering seamless interoperability across both blockchains.
To reward early adopters, Solaxy currently offers staking yields of 199%, though these rates will decrease as more users stake their $SOLX.
For the latest updates on the project, connect with the Solaxy community on X and Telegram.
