Magic Eden’s ME/USD exhibits bullish potential whereas controversy over the “Official TRUMP Wallet” unfolds. Let’s discover the technical setup and the general public fallout.

A bullish pennant seems after a pointy upward price motion, adopted by consolidation inside converging trendlines that slope inward. This sample typically indicators a continuation of the earlier uptrend as soon as the price breaks above the higher boundary.

Presently, ME/USD trades at $1.042. If the bullish pennant confirms with a breakout above the higher pink trendline, the price could rise 30 p.c from the present stage. That transfer would ship ME/USD towards the projected goal of roughly $1.356, as marked by the dotted blue line.

The 50-period Exponential Shifting Common, now at $0.958, acts as dynamic assist. Value stays above this stage, indicating bullish energy. Quantity additionally exhibits a decline throughout the consolidation, which is typical for a pennant and helps the sample’s validity.

For affirmation, merchants will search for a powerful candle shut above the higher pink trendline, ideally with rising quantity. If this breakout happens, momentum might push ME/USD towards the $1.35 goal.

ME/USD RSI Hints at Impartial Momentum Earlier than Breakout

On June 4, 2025, the 1-hour Relative Energy Index (RSI) for Magic Eden to United States Greenback (ME/USD) stood at 53.59, whereas the RSI-based shifting common held at 58.75.

The Relative Energy Index measures the energy and velocity of a price motion. Values above 70 counsel overbought situations, and people under 30 point out oversold ranges. The RSI line crossed above 90 briefly throughout the earlier rally, confirming sturdy bullish momentum, however it sharply dropped again into the impartial zone.

Presently, RSI hovers between 50 and 60, displaying indecisive momentum. The price consolidation seen on the principle chart matches this RSI conduct. The falling RSI suggests weakening shopping for stress however doesn’t but sign bearish divergence.

So long as RSI stays above 50 and doesn’t drop under 45, it helps a potential bullish breakout—particularly if the pennant construction confirms. Nevertheless, if RSI drops under its shifting common and crosses under 50, bullish energy could fade.

ME/USD DMI Reveals Weakening Development Energy Amid Volatility

On June 4, 2025, the Directional Motion Index (DMI) for Magic Eden to United States Greenback (ME/USD) revealed a possible decline in bullish momentum. The DMI makes use of three key parts:

• +DI (blue): 34.91

• –DI (orange): 12.14

• ADX (pink): 58.27

The +DI stays above the –DI, which confirms that bulls are nonetheless in management. Nevertheless, the hole between them is narrowing, which indicators a potential discount in shopping for energy. The Common Directional Index (ADX), at the moment at 58.27, signifies a powerful development, however it seems to be flattening.

Earlier, a spike in +DI with low –DI and rising ADX urged sturdy bullish momentum. Now, with +DI declining and ADX peaking, the development could also be dropping pressure.

If +DI falls under –DI, this might flip the development to bearish. For now, ME/USD holds its uptrend, however merchants ought to monitor additional convergence between the DI traces and any drop in ADX.

ME/USD MACD Turns Bearish After Robust Surge

On June 4, 2025, the Shifting Common Convergence Divergence (MACD) indicator for Magic Eden to United States Greenback (ME/USD) flipped bearish on the 1-hour chart.

MACD exhibits the distinction between two exponential shifting averages (12-period and 26-period), serving to establish momentum shifts. The chart plots three key values:

Earlier, the MACD line surged above the sign line, which signaled sturdy bullish momentum. This crossover aligned with a price rally, confirmed by the inexperienced histogram bars increasing above zero.

Nevertheless, the momentum has reversed. The MACD line has now crossed under the sign line, and the histogram has turned pink. This crossover suggests weakening shopping for stress and a possible short-term bearish part.

If the histogram continues to widen in damaging territory, it could affirm prolonged draw back. But when the MACD line flattens close to the sign, the transfer could also be momentary.

Present momentum leans bearish except the MACD line reverses above the sign.

Trump Crypto Pockets Sparks Confusion as Household Denies, However Magic Eden Stands Agency

On June 3, 2025, NFT platform Magic Eden introduced a partnership with the TRUMP meme coin workforce to launch a brand new self-custodial crypto pockets branded with Donald Trump’s title. The undertaking, titled the “Official TRUMP Wallet,” shortly triggered backlash from the Trump household, creating confusion and authorized threats.

In accordance with Magic Eden, the pockets will assist Bitcoin, TRUMP tokens, and different digital belongings. It additionally encompasses a gamified waitlist that provides customers a share of $1 million in TRUMP token rewards.

Trump Household Publicly Denies Involvement

Quickly after the announcement went dwell on social media and the TrumpMeme X account, a number of Trump members of the family distanced themselves from the undertaking. Eric Trump posted a warning to Magic Eden, stating, “This wallet is not authorized by Trump,” and suggested the platform to “be extremely careful” about utilizing the household’s title.

Donald Trump Jr. strengthened the assertion, claiming that the Trump Group had “zero involvement.” He added that the household’s personal crypto undertaking, World Liberty Monetary, would quickly launch an official pockets. Barron Trump additionally denied any affiliation with the product.

Possession Tied to Trump-Affiliated LLCs

Regardless of the denials, the TRUMP Pockets’s official web site cites a partnership between Magic Eden and GetTrumpMemes.com. That web site is owned by Battle Battle Battle LLC, which is partially managed by CIC Digital LLC—an organization affiliated with the Trump Group. Collectively, they reportedly maintain a majority share of the TRUMP token provide.

This connection has raised questions on who precisely licensed the branding and whether or not inner conflicts exist inside Trump-linked crypto operations.

Magic Eden Responds to Allegations

In a response to journalist Eleanor Terrett, Magic Eden insisted the pockets carries full Trump branding approval. The platform said that the partnership is official and the pockets will embody the Trump household’s title and mental property.

Whereas confusion builds, crypto analyst Molly White described the scenario as “absolute chaos,” pointing to an absence of coordination between the Trump household’s varied crypto ventures.