{"id":53725,"date":"2025-06-05T13:01:58","date_gmt":"2025-06-05T13:01:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/magic-eden-price-nears-all-time-low-as-15-dip-extends-downtrend\/"},"modified":"2025-06-05T13:01:58","modified_gmt":"2025-06-05T13:01:58","slug":"magic-eden-price-nears-all-time-low-as-15-dip-extends-downtrend","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/magic-eden-price-nears-all-time-low-as-15-dip-extends-downtrend\/","title":{"rendered":"Magic Eden price nears all-time low as 15% dip extends downtrend"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/magic-eden-bearish-price-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/magic-eden-bearish-price-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/magic-eden-bearish-price-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/magic-eden-bearish-price-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li><span style=\"font-weight: 400;\">Magic Eden is down 15% as the price extends the downtrend.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The ME token rose sharply before paring all the gains after Trump\u2019s sons distanced the Trump Organization from a new wallet announcement.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Magic Eden price could dip to support around $0.78, its all-time low reached in April.<\/span><\/li>\n<\/ul>\n<p>Magic Eden (ME) price is down by more than 15% in the last 24 hours as the altcoin extends losses since the sharp downturn from highs of $1.15 on June 3, 2025.<\/p>\n<p>ME traded around $0.87 amid ongoing downside pressure after recent wallet-related news drama brought the bears out in full swing.<\/p>\n<p>Notably, the declines have the Magic Eden token trending towards its all-time low of $0.78 reached in early April.<\/p>\n<p>Data from CoinMarketCap, which also shows a 58% dip in trading volume, suggests the ATL is about 21% off current price levels.<\/p>\n<h2>Why is the Magic Eden price down today?<\/h2>\n<p>As noted above, the ME token skyrocketed earlier this week, jumping sharply to hit $1.15 from around $0.8 amid trader excitement.<\/p>\n<p>The catalyst for this vertical move, as seen in the chart below, was the announcement of a <a href=\"https:\/\/coinjournal.net\/news\/trumps-crypto-gambit-truth-social-bitcoin-etf-files-for-nyse-listing-a-game-changer-or-just-more-hype\/\">Trump-branded<\/a> crypto wallet.<\/p>\n<p>The Magic Eden social media post on X shared the \u201cbig news\u201d, alluding to a partnership between Magic Eden and GetTrumpMemes.com.<\/p>\n<p>The news hinted at \u201cthe First and Only Crypto Wallet for True Trump Fans.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BIG NEWS! The Official <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRUMP<\/a> WALLET is COMING SOON! The First and Only Crypto Wallet for True Trump Fans.<\/p>\n<p>Join the FREE waitlist for a chance to get a share of $1 MILLION IN <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRUMP<\/a> REWARDS! Go to <a href=\"https:\/\/t.co\/PVCQ6YXQ5v\">https:\/\/t.co\/PVCQ6YXQ5v<\/a> NOW! <\/p>\n<p>The <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TRUMP<\/a> Wallet is Powered by <a href=\"https:\/\/twitter.com\/MagicEden?ref_src=twsrc%5Etfw\">@magiceden<\/a> <a href=\"https:\/\/t.co\/KA26RzjY6m\">pic.twitter.com\/KA26RzjY6m<\/a><\/p>\n<p>\u2014 Magic Eden \ud83e\ude84 (@MagicEden) <a href=\"https:\/\/twitter.com\/MagicEden\/status\/1929955044725583993?ref_src=twsrc%5Etfw\">June 3, 2025<\/a><\/p>\n<\/blockquote>\n<p>Reaction across the crypto space was whether this was legit, with many pointing to what it meant for the TRUMP and ME tokens.<\/p>\n<p>But shortly after the Magic Eden team shared the news, Donald Trump Jr. posted a public disclaimer that the Trump Organization was not part of the said TRUMP wallet.<\/p>\n<p>The same message came from Eric Trump, President Donald Trump\u2019s other son. Eric cautioned Magic Eden in a post on X:<\/p>\n<p>\u201cI would be extremely careful using our name in a project that has not been approved and is unknown to anyone in our organization.\u201d<\/p>\n<h2>ME token technical outlook<\/h2>\n<p>Market reaction to the chain of events flipped from positive for ME to negative, with the token dipping below $1.<\/p>\n<p>The retracement has continued in the past 24 hours, bringing the Magic Eden token\u2019s value to below $0.9 on June 5.<\/p>\n<figure id=\"attachment_313216\" aria-describedby=\"caption-attachment-313216\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-313216\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/06\/MEUSDT_2025-06-05_12-52-16.png\" alt=\"\" width=\"1057\" height=\"546\"\/><figcaption id=\"caption-attachment-313216\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/MEUSDT\/\" target=\"_blank\" rel=\"noopener\">Magic Eden price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>While the Magic Eden price could flip higher from current levels, the technical picture supports a bearish move.<\/p>\n<p>The RSI on the 4-hour chart is below 50 and indicates a downward move, while the MACD signals bearish strength amid a rising negative histogram.<\/p>\n<p>Further downside action, mirroring broader market weakness, sees the ME token poised near $0.87. If price breaks lower, it could fall to the $0.78 support area.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-2.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/magic-eden-price-nears-all-time-low-as-15-dip-extends-downtrend\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Magic Eden is down 15% as the price extends the downtrend. The ME token rose sharply before paring all the gains after Trump\u2019s sons distanced the Trump Organization from a new wallet announcement. Magic Eden price could dip to support around [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":53726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53725"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=53725"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53725\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/53726"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=53725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=53725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=53725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}