As of 3:30 a.m., the Libra price was $0.3807, down 11% in the last 24 hours. EST on a 75% plunge in trading volume to $40 million.

 The sharp decline in the LIBRA price comes amid opposition calls for Argentina’s President, Javier Milei, to be impeached.  As part of an effort to boost Argentina’s economy, Milei initially promoted the token on his X account, which has over 3.8 million followers. The political opposition has filed an impeachment complaint, accusing the president of “fraudulent” actions.  

The effort to impeach Milei was referred to by Congressman Diego Santilli as an attempt to “overthrow” him. The initial promotion of the meme coin by Milei contributed to an increase in sales. However, Milei deleted the post and distanced himself from the project when it plummeted, claiming that he was unaware of all of its specifics when he shared it. Since then, Milei has demanded an investigation and started an investigation to see if anyone in his government, including himself or anyone connected to Libra, had broken any laws. In the meantime, Argentina’s National Securities Commission is deciding whether or not to take any regulatory action. The scandal has triggered national outrage, further complicating Milei’s efforts to implement his ambitious economic reforms.

 Libra Price Shows Signs Of Reversal After Consolidation

 After a time of consolidation near a crucial support level, the LIBRA/USD trading pair is showing signs of a possible reversal. With a high of $0.3905 and a low of $0.3789, the current price represents a decline of 1.30 percent. The 50-period moving average (MA) is at $0.3536, indicating a key level of support that has been tested multiple times.

 The price action indicates a buildup of momentum with a sharp breakout followed by a period of consolidation within a clearly defined major support zone. Before retracement, a liquidation event triggered a sudden spike, but the price has since stabilized. A bullish reversal signal, the notable falling wedge pattern, has formed. The price has broken out of this wedge, pointing to a possible upside reversal. There may be further bullish movement if this breakout holds. The MACD indicator shows that the MACD line (0.0129) is getting closer to a bullish crossover above the signal line (0.0109), which could indicate that the trend is still upward. The histogram is slightly negative but close to turning positive, reinforcing the bullish outlook.

 The Relative Strength Index (RSI) is at 62.59, approaching the overbought zone (70) but still within a neutral range.  Without the threat of immediate overbought conditions, this suggests that there is some moderate bullish momentum. If the price stays above $0.3789, it might move toward $0.50 levels, but if it doesn’t hold support at $0.35, it might go back to lower levels. The technical indicators favor a potential bullish continuation, but confirmation is needed with further price action.  If volume and momentum support the breakout, higher price targets could be tested.

 Solaxy Presale Nears $22 Million – Next Crypto To Explode?

 Investors continue to flock to the new Solana layer 2 meme coin Solaxy (SOLX), which has raised more than $21.7 million in its presale, as the Libra price prepares for a possible rally. Solaxy’s mission is to help reduce congestion on the Solana network and improve transaction speed.

 The blockchain is facing increasingly heavy traffic due to the growing number of meme coins launched on Pump.fun, a situation that was worsened when trading soared after the launch of TRUMP and MELANIA meme coins last month.

 The mainnet has been under pressure as a result, resulting in delays and the possibility of outages. Solaxy introduces a layer 2 sidechain to reduce congestion by processing transactions off-chain, bundling them, and submitting them to Solana’s layer 1.  This speeds up transactions, reduces fees, and increases efficiency.  With increasing interest in SOLX, 99Bitcoins, a popular crypto YouTube channel with 725K subscribers, predicts the token could surge 100x at launch.

 Investors looking for passive crypto rewards can also stake their SOLX tokens and earn a huge 187% annual return.

 Interested investors can purchase SOLX tokens for $0.001638 each using crypto or a bank card before a price hike in less than 2 days.