TRUMP
Price found strong support at $7.39 in early April before breaking out around April 20th.
Trading volume increased significantly to $2.62 billion, with a market cap of $2.94 billion. The TRUMP token price showed outstanding price movement after market sentiment underwent a major transformation. The memecoin managed an exceptional price increase after enduring months of downward market pressure during March and early April.
The price surge due to April 23, 2025 announcement. The top 220 token holders would be invited to a private gala dinner with President Donald Trump on May 22, 2025, at his Trump National Golf Club in Washington, D.C.
The 4-hour chart showed a distinct bottom point at $7.39 support during early April. The support at this level withstood multiple tests without experiencing any permanent damage. The price remained stable during a two-week consolidation period until it started its sudden upward trend near April 20th.
The TRUMP price surge has been the standout characteristic on the chart because it propelled the value from $8.50 to its current position above $14.60. This represents a 70% increase in the last few trading sessions. (title u mentioned 20%, that figure is not der in the entire article)
The price surge has happened alongside increasing trading volume, which suggests strong market sentiment behind the price increase. According to CMC data, the daily trading volume has increased by 70% (trading volume also by 70%?) presently at $2.62 billion, and the market cap stands at $2.94 billion.
Will the TRUMP Price Reach the $20 Mark?
Source:
Tradingview
The MACD indicator constructed a clear bullish crossover shortly before the price increase, while its histogram reveals robust positive momentum. The MACD indicator’s current value of 1.2807 indicates that bullish momentum continues to be strong.
The RSI indicator shows 77.01 at present and indicates overbought conditions according to its current position. It demonstrates that market buyers continue to dominate the situation. The RSI has stayed above 70 for multiple days without reversing, which suggests a strong trend could continue even though prices are overbought.
The price has exceeded all essential 50-day and 200-day EMAs and forms a bullish trend pattern. A potential initial support level during any market correction exists at the 20 EMA, which stands at $10.6470. The key resistance area for traders exists at $15.42 yet support can be found at $12.28.
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