Official Trump (TRUMP) has shed most of the gains it saw during the Asian session after the President delivered a video speech during the 2025 Digital Asset Summit in New York that fell short of expectations.
In the past 24 hours, TRUMP has gone down by 0.2% and currently stands at $11.16 per coin, while trading volumes have increased by 13.9% during this same period.
Although no specific announcement was expected, Trump is known for making bold statements that usually move the market’s needle during this kind of intervention.
However, he refrained from sharing new information and focused mainly on what his administration has done so far to help the blockchain sector thrive.
Most crypto assets plummeted right after the speech ended, although some of yesterday’s gains have still been preserved. Other large meme coins like Shiba Inu (SHIB) and Pepe (PEPE) are still performing positively, with 24-hour gains of 1.2% and 4.8%, respectively.
Cryptos have been recovering in the past week, and TRUMP has not been the exception. During this 7-day period, the token has delivered a 6.5% return to investors. However, it is still down 30.6% in the past month.
In addition, the token has gone down by 85.2% from its all-time high of $75.35 on January 29.
TRUMP Has Entered Consolidation – These Are Some Key Levels to Watch
Looking at the hourly chart, today’s price action has been a bit choppy as TRUMP continues to be in consolidation. Initially, the price rallied and broke above a lower high to then retreat sharply and plunge to the nearest support at $11 per coin.
The price action has bounced off this level right now, but the market seems indecisive about what’s next. The $11 level seems important for TRUMP, and multiple other cryptos appear to be either tagging or trading above or below key supports.
However, despite the uptick that came after the American session started, TRUMP is still on a downtrend as that spike did not manage to break above the $11.7 level.
Momentum indicators also favor a bearish outlook as the Relative Strength Index (RSI) is standing 15.6% below the signal line, while the MACD’s histogram shows steadily increasing negative momentum readings.
If TRUMP breaks below the $11 support, there’s still another support level at $10.7 that could cushion the downturn. However, if that line is broken, the token could once again dive to the low 10s.
Apart from this meme coin, a new Solana project is rapidly becoming one of the best crypto presales of the year. Its name is Solaxy (SOLX) and it is a layer-two scaling protocol that aims to eliminate the network’s congestion issues.
Solaxy ($SOLX) Raises $27M to Help the Solana Ecosystem Grow
Solaxy ($SOLX) launched its presale event back in December and has attracted $27.2 million from investors who see the need for this scaling solution as the Solana ecosystem keeps expanding.
Meme coins like TRUMP and Popcat (POPCAT) and popular decentralized applications (dApps) like Jupiter and Raydium have increased Solana’s transaction volumes in the past year.
Back when TRUMP was launched, Solana experienced congestion issues that caused delays and transaction errors. Solaxy fixes this by bundling transactions offline to alleviate the mainnet’s workload.
The developing team has already provided encouraging updates about the project as they successfully tested asset transfers on the Solana devnet and have engaged in discussions with wallet providers and exchanges to increase Solaxy’s adoption.
Apart from the significant upside potential that $SOLX offers at its discounted presale price of $0.00167, investors can earn staking rewards of 150% if they lock in their tokens to help secure the network.
To buy $SOLX, simply head to the Solaxy website and connect your wallet. You can either swap SOL, ETH, or USDT tokens or use a bank card to make your investment.
