BTC Bull Token (BTCBULL) Price Soars 9% Pre-Launch, Targeting $17.50 After Donald Trump's Endorsement

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The Official Trump (TRUMP) price surged by 9% in the last 24 hours to reach $11.91 by 5:34 a.m. EST as trading volume skyrocketed 391% to $1.5 billion.

This surge followed a recent post by US President, Donald Trump on Truth Social, where he stated that the token was “the greatest of them all” and “cool.”

Official Trump Price Aims For A Rebound

The TRUMP price on the 4-hour chart showcases a classic falling wedge pattern, which is a bullish reversal formation. This pattern is characterized by converging downward-sloping trendlines, signaling that selling pressure is gradually weakening.

The chart shows the TRUMP price breaking out of the wedge, which indicates a shift in momentum from bearish to bullish.

This breakout suggests that buyers are gaining control and could push the price of TRUMP toward higher resistance levels.

TRUMP is currently trading above the 50 Simple Moving Average (SMA) on the 4-hour chart, which indicates short-term bullish strength. This moving average could now act as support in case of a retest.

Meanwhile, the 200 SMA at $12.77 is the next major resistance level, according to GeckoTerminal data. A successful break and hold above this moving average would confirm a longer-term bullish trend and open the door for further upside.

The Relative Strength Index (RSI) stands at 61.63, showcasing bullish momentum but not yet reaching overbought levels. This suggests the asset has room for further upside before facing potential selling pressure.

TRUMP Price Prediction

With the breakout from the falling wedge, the Official Trump price movement above the 50 SMA, and an RSI trending upwards, the bullish case for TRUMP is becoming stronger.

The key level to watch will be the 200 SMA at $12.77.

A decisive move above this resistance could accelerate buying pressure and push the price of Official Trump toward the projected $17.50 target, marking a potential 47.32% upside move.

However, if the price of TRUMP fails to sustain above $12.00, a retest of the former wedge resistance (now acting as support) around $11.20 is possible. A breakdown back into the wedge would invalidate the bullish outlook and could lead to further downside.

In other news, investors are flocking to a new Bitcoin-themed meme coin known as BTC Bull Token (BTCBULL), which will distribute tokens to holders as Bitcoin hits new all-time highs.

99Bitcoins, a prominent YouTube channel with over 725k subscribers, highlighted the potential for BTCBULL to experience a 10X price surge after its official launch.

BTC Bull Token Presale Surpasses $4 Million – Next 100X Crypto?

BTC Bull Token has already raised over $4 million as investors seek an alternative way to gain exposure to BTC.

The BTC Bull Token presale is still ongoing and has no minimum contribution amount.

Credit: BTC Bull Token

BTC Bull Token is designed to deliver rewards when the price of Bitcoin reaches specific milestones. At $150k, $200k, and $250k, BTCBULL token holders will receive free Bitcoin via airdrops.

Furthermore, at $125k, $175k, and $225k, the project will buyback and burn BTCBULL tokens.

BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 105% annual percentage yield (APY).

Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL tokens for $0.002425 each using BNB, ETH, USDT, or a bank card. Be sure to buy before a price hike in about 1 day to lock in the best presale rate.

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