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Magic Eden price nears all-time low as 15% dip extends downtrend

  • Magic Eden (ME) token price is down 15% as it extends its downtrend from recent highs of $1.15 on June 3, 2025.
  • The price decline was triggered by Trump's sons distancing the Trump Organization from a new crypto wallet announcement involving Magic Eden.
  • Magic Eden price is currently hovering around $0.87, approaching its all-time low of $0.78 reached in April.
  • Market indicators suggest a bearish trend, with the RSI below 50 and the MACD showing bearish strength, potentially leading to further downside towards the $0.78 support level.

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