The Trump meme coin, $TRUMP, shot up more than 60% on Wednesday, peaking at $16.16 after a viral post promised a once-in-a-lifetime dinner with Donald Trump himself. The top 220 buyers have been invited to a private gala on May 22 at Trump National Golf Club in Washington DC, while the top 25 holders get even more perks: VIP access and a special behind-the-scenes tour. Although the $TRUMP price later dipped to $11.88, the buzz has reignited market excitement. First launched just before Trump’s January 20 inauguration, $TRUMP has already seen a wild ride, once hitting $74.59 and generating an estimated $350 million in connected fees.
With hype building fast, $TRUMP is back on traders’ radars. The promise of face time with Trump is fueling a fresh wave of FOMO, and buyers are jumping ahead of the big May 22 event. This sudden rush has sparked renewed volatility and short-term price swings. As momentum builds, let’s break down how $TRUMP has moved over the last 24 hours and what the charts hint at next.
$TRUMP Price Analysis of 24th April, 2025
Trump Coin ($TRUMP) kicked off April 23 trading in a tight consolidation zone between $9.15 and $9.50 until around 15:45 UTC. This sideways action reflected uncertainty, as volume remained thin and RSI hovered near the neutral 50 level. However, the Trump gala dinner announcement sparked an explosive $Trump coin rally, pushing prices over 50% higher within an hour. The surge peaked at an intraday high of $16.16 around 16:30 UTC, well above the previously tested resistance of $14.65. This rally was also supported by a golden cross on the MACD and RSI readings climbing into the overbought range, indicating aggressive bullish sentiment.
Chart 1, Analyzed by Alokkp0608, published on April 24th, 2025.
After a massive $Trump coin rally, the prices saw a sharp pullback between 16:30 and 18:30 UTC, retracing to around $12.50 before buyers attempted to regain control. The $Trump price rebounded, moving toward the $14.65 resistance by 21:45 UTC, but faced another rejection. This double-top formation hinted at exhaustion among bulls. The coin entered a declining channel as the day progressed into April 24. Momentum indicators began flashing warnings, and MACD showed a series of weakening bullish crossovers followed by death crosses. RSI dipped into oversold territory in multiple waves, confirming pressure from short-term profit-taking.
$Trump Price Forecast: What Lies Ahead for Trump Memecoin?
By 03:30 UTC on April 24, the $TRUMP price found temporary support at $11.80. This level has since acted as a stabilizing base, with price movements remaining range-bound just above it. The RSI has moderated toward the mid-40s, and MACD histogram bars suggest a possible buildup for another directional move. However, unless bulls can push the price back above $13.20 in the near term, the token risks drifting further toward the earlier support at $10.85. Volatility remains high as traders await whether the current support can evolve into a firmer base or if a deeper correction is likely ahead of the May 22 event.
Can the Trump Hype Keep $TRUMP Alive?
The $TRUMP price is currently trying to find its footing around the $11.80 support zone after a wild 60% $Trump coin rally and sharp pullback. Momentum has cooled, RSI is drifting around 45, and MACD signals have weakened, hinting that bulls may run out of steam. If buyers break back above $13.20, we could see another push toward $14.65. But if support cracks, a slide toward $10.85 or even $9.90 isn’t off the table.
The Trump gala dinner is still fueling the fire, keeping traders excited. Still, unless we see fresh volume and stronger buying soon, the hype might not be enough to hold the price up. All eyes are now on whether this buzz turns into a breakout or fades away.
About The Author
