Key Takeaways
- Bitcoin’s price continues to struggle as it trades below the key support of $108,500, which could break lower.
- TRUMP token sees a surprise rally despite trading below the key resistance level of $15 as the price struggles.
- If the TRUMP coin breaks above $30, it could signal strong bullish price action to the upside.
World Liberty Financial (WLFI) rallies, while the TRUMP coin suffers a fresh market crash, as market uncertainty persists over the last few days. The news of the Trump family launching its long-awaited WLFI token generated market buzz following the token’s initial trading on multiple crypto exchanges for $0.30.
Despite the launch of WLFI gaining strong buzz, the TRUMP token has suffered numerous price setbacks over the past months, trading around $ 8.20, as the price struggled to trade above $15, acting as key resistance for the price.
Following its price rally toward $77 in December 2024, the price of TRUMP token has failed to meet the expectations of many traders and investors who hoped the price of the memecoin token backed by the Trump family could ignite a strong rally to the upside.
TRUMP Coin Rallies as Market Struggles
Source – TRUMP Coin Price on CoinMarketCap
The launch of the WLFI token on crypto exchanges such as Bybit, Binance, and Kucoin sparked strong bullish sentiment across the crypto market, leading to TRUMP token rallying by 10%. Despite such a price gain, the market has struggled to resume strong bullish price action to the upside.
If the price of TRUMP token breaks above the key resistance of $15, we could see a strong price push toward a new high of $30, a price that has been a struggle to achieve since its seven-month price crash.
Crypto traders and investors would be paying close attention to Bitcoin, as its price could dictate the overall price action for TRUMP token and other memecoins and altcoins, despite BTC struggling to hold above its key support zone of $108,000.
The price of BTC has traded below key support in the last few hours, as it could attempt to reclaim its bullish price action around $98,500. This could impact the prices of other altcoins and memecoin in the coming weeks.
FAQs
How much is the TRUMP token worth today?
TRUMP token currently trades around $8.2.
How much is $1 Bitcoin in US dollars?
One BTC is currently around $108,500.
What will Bitcoin be worth in the year 2030?
Prediction for BTC suggests price could trade above $150,000
How much is 1$ Bitcoin in Naira?
One BTC in Naira is worth over 169,000,000 at the current rate.
Related Read
Bitcoin Retest $108,000 Ahead of Monthly Close – Are Bulls Dominating?
