Trump’s Crypto Post Sends XRP, SOL, ADA Soaring — Will DURAG Be Next ?

President Trump, via social media, stated the five digital assets he expected to include in the new U.S. strategic reserve, which led to a spike in the value of each.

Trump wrote on Truth Social that the forthcoming executive order on digital assets would establish a strategic reserve consisting of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).

Following Trump’s post on Truth Social, a new meme coin called DuragDoge is gaining attention. A large number of investors took part in the coin’s presale. Trump’s post about the strategic reserve has heated up the crypto market. Hence, analysts believe that DuragDoge could yield significant returns.

Let’s discuss why DuragDoge is pumping after Trump’s post.

Cardano (ADA) sell pressure continues to accumulate

Cardano has broken out of its falling wedge pattern and managed to hit a peak of nearly 50%, touching $1.17. However, its sharp rise is followed by intense selling pressure. Despite that, it has still increased by 42% in a 1-week time frame. 

The RSI on the intra-day is currently in the range of 50 – 60. After touching $1.17, ADA sharply dipped to $0.75 before rebounding again. Still, it is in the overbought range, and the sell pressure continues to accumulate.

Based on technical analysis, ADA could plunge lower around $0,823, in the vicinity of the 50-day Exponential Moving Average. This also happens to be a major support level. Bulls could hold this mark and attempt to break the resistance at $1.25, which also aligns with the 1.0 Fibonacci retracement line. A breakout above this resistance level could mark the start of a bigger uptrend.

Solana (SOL) downward pressure increases

Solana recently marked a strong resistance level at $180. After touching this price, it rapidly dipped to $131 within 24 hours, from where it rebounded again. It has already lost more than 11% of its value intraday, suggesting the selling pressure is increasing in this region of its price range. 

Such rejection at this level can further extend the bearish signals and may even lead to a death cross situation.

If such a crossover occurs, this may push SOL to the lower boundary of the descending channel, which should be around $140. Nevertheless, there is an emerging trend suggesting a bullish reversal. However, if Solana gets rejected off the channel’s upper trend line, then a potential inverse head and shoulders (H&S) pattern will be fully formed, which is bearish.

Ripple (XRP) is attempting to breakout

XRP recently tested the upper trend line of the Ascending Triangle pattern. However, the price rejected it, resulting in a decline of more than 11% intra-day. There is now a possibility that XRP will retest the lower boundary of the triangle at $2.50. Traders would want to take their profits after the previous breakout attempt. 

However, if the support line at $2.50 is maintained, the structure will remain bullish. There could be a high chance of a breakout attempt in the next few days. If XRP fails to maintain the lower boundary, a deeper pullback can be expected. 

On the bullish side, in case the price breaks out of the $2.95 level, the price will be in a position to rally and reach at least $4.26. 

DuragDoge ($DURAG): A deflationary token with no team token allocation 

DuragDoge is currently trending due to its ambitious plans. It has turned into more than just another crypto asset. The presale has attracted investors who are in the stage of looking for a new crypto ICO. Presently, the token is at $0.0009. By the time it is ready to get listed on major exchanges, its price will be at $0.01. 

One primary reason why this new meme coin is gaining attention is that the team has not received token allocations. This ensures the correct distribution of the token and puts the team and community members on the same level. It also has a deflationary model that constantly reduces the number of tokens in circulation, thus raising its value. 

Also, prominent personalities have funded this project due to its unique staking services. It will allow $DURAG holders to lock their tokens for some time and receive more tokens in return. Staking also gives users an opportunity to earn up to 20% APY.

Conclusion 

News of Trump incorporating ADA, XRP, and SOL in the US strategic reserve has prompted these coins to surge in value. Amid this boom, DuragDoge also saw massive investors, who were searching for the next new crypto ICO, flock to the presale. To capitalize on the positive trend DuragDoge is having, go to the website and follow the instructions on how to buy the token.

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