Current Price: Approximately $11.32, reflecting a 13.2% decrease over the past 24 hours.
24-Hour Trading Volume: Around $1.01 billion.
Market Capitalization: Approximately $2.26 billion.
All-Time High: Peaked at $75.35 on January 19, 2025.
All-Time Low: Dropped to $6.24 on January 18, 2025.
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š Short-Term Price Predictions
Bullish Scenario: If TRUMP maintains support above $10, analysts suggest potential resistance levels at $13.70 and $16.23. A breakout above these could lead to further gains.
Bearish Scenario: Failure to hold the $10 support may result in a decline towards $9 or even $7ā$8, especially if market sentiment remains negative.
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š Technical Analysis
Trend Indicators: Current technical indicators, including the 50-day and 200-day moving averages, signal a "Strong Sell," indicating a bearish trend.
Relative Strength Index (RSI): The RSI suggests neutral momentum, reflecting uncertainty about the coin's direction.
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š§ Investor Considerations
Market Sentiment: TRUMP coin's price is highly influenced by political events, social media hype, and market sentiment.
Volatility: As a politically driven meme coin, TRUMP is subject to significant price fluctuations and should be approached with caution.
Investment Strategy: Potential investors should conduct thorough research and consider the high-risk nature of this asset before investing. #TRUMP #TrumpCrypto
On May 7, 2025, Bitcoin (BTC) saw a significant surge in price, crossing the $97,000 mark. This rise was driven by positive market sentiment and institutional investment ahead of the Federal Reserveās FOMC meeting.
Currently, Bitcoin is priced at $96,735, showing a 2.6% increase over the past 24 hours. According to analysts, if the $94,000 support level holds, $BTC could surpass the $100,000 milestone.
This rally is also fueled by positive US-China trade talks and the Federal Reserve's daily $20 billion bond purchases, boosting confidence in the crypto market.
For your Binance post, you can use the following caption and hashtags:
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š Bitcoin Crosses $97K!
On May 7, 2025 , $BTC lC surpassed $97,000 ā driven by institutional investment and positive market sentiment. Are we about to see the $100K milestone?
Latest Update on MEMEAct and Meme Coins ā May 7, 2025
š§¾ 1. $MEME Act ā Proposed Ban on Political $MEME Coins
Today, U.S. House Democrats introduced a new bill titled the Modern Emoluments and Malfeasance Enforcement (MEME) Act. This legislation aims to prohibit the President, Vice President, Members of Congress, top officials, and their families from launching, promoting, or profiting from personal meme coins such as $TRUMP . The move is intended to prevent potential conflicts of interest and misuse of meme coins for personal financial gain. Source: CryptoBriefing
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š 2. ACT and PNUT ā Explosive Price Surges After Binance Listing
Meanwhile, two Solana-based meme coins, ACT (Act I: The AI Prophecy) and PNUT (Peanut the Squirrel), saw massive price jumps after being listed on Binance.
ACT surged 1,324%, reaching $0.3282.
PNUT jumped 353%, trading at $0.464.
These gains came after Binance announced zero trading fees and labeled the coins with a "Seed Tag", indicating they are new and potentially volatile. Source: CryptoNews
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š Overall Meme Coin Market Overview
Total meme coin market cap rose 18.6% to $94.8 billion.
Political meme coins like $TRUMP and $MAGA have dropped 60ā97% in value.
As of May 7, 2025, $BTC is trading around $96,916, reflecting a 2.9% increase from the previous close.
Analysts project that by the end of 2025, BTC could reach between $135,000 and $225,000, driven by factors such as institutional investment, ETF inflows, and macroeconomic trends.
šØ BREAKING: U.S. lawmakers introduce the #MEMEAct to block politicians & families from launching or profiting off meme coins! No more crypto scams from Congress!