Meme Trading Volume Hits Record $252 Million on Solana
Record Trading Volumes: On April 17, 2025, Solana-based meme trading platforms Axiom and Pump.fun achieved record trading volumes of $252 million, driven by retail speculation and notable promotion from Donald Trump regarding the TRUMP token.
Market Dynamics and User Engagement: The surge in meme trading saw Axiom dominate with over $100 million in daily volume and 26,800 active users, reflecting a significant increase in market activity despite a lack of institutional support.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.542 | 2.281 | 3.042 | 3.781 | 4.542 | 5.281 | 6.042 |
| Fibonacci | 2.281 | 2.854 | 3.208 | 3.781 | 4.354 | 4.708 | 5.281 |
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