Is the TRUMP Ship Ready to Sink ?
The memecoin TRUMP, launched on January 18, 2025, by Donald Trump via his platform World Liberty Financial, remains in the spotlight. After a meteoric rise in April, soaring from $7.14 to $16.44 (+130%), the token experienced a correction and is hovering around the crucial support of $12 on May 29, 2025.
As investors closely monitor its movements, will the bulls manage to sustain this level? Here’s our analysis.
The $TRUMP has captured attention due to Trump’s influence and media events, such as the exclusive dinner on May 22, 2025 for the top 220 holders.
However, after hitting a peak of $16.44 in April, the token retreated, held back by strong resistance at $15. With a market capitalization of $4.8 billion, reflecting sustained interest, the weak buying momentum limits short-term gains.
Technical Analysis : Key Supports and Resistances
Technical analysis reveals consolidation in a price range between $10 and $15 for the past three weeks. Here are the levels to watch:
- Support: The $12 level is critical, supported by moderate buying volume (around $800 million in 24 hours, CoinMarketCap). A break below this level could bring the price back to $10, an attractive accumulation zone for buyers, as suggested by @KonradFruhbeck on X.
- Resistance: The $16 mark remains a major obstacle, reinforced by persistent selling pressure. A breakthrough could pave the way for a retest of $20, as hinted by @shirl_XAUUSD.
- Indicators: The RSI (Relative Strength Index) on the 4-hour chart was at 32 yesterday, near the oversold zone, indicating a potential short-term rebound, according to CoinDCX. The 100 EMA at $11.26 acts as dynamic support.
The CoinGlass Liquidation Heatmap shows a liquidity concentration around $10.5, suggesting a temporary correction could precede a bounce towards $14 if the bulls regain control.
For now, TRUMP manages to stay above its 100 and 20-day moving averages at around $11.5.
Since its failed breakout on May 23, TRUMP has returned to its accumulation triangle. It’s essential to note that a breakout above $13 may not necessarily be a positive sign for the medium term.
In fact, if Trump breaks this $13 resistance, smart money could use investors’ FOMO to sell massively, shifting the price trend towards the demand zone at $10, or even $8 to $9.
Outlook and Catalysts
The dynamics of $TRUMP heavily rely on announcements related to Trump. His recent post on Truth Social, featuring an image of PEPE the Frog, boosted memecoins but has not yet pushed $TRUMP beyond $15. Rumors of a major announcement at an upcoming crypto event could reignite momentum. However, regulatory concerns, especially following Representative Maxine Waters’ objection to pro-crypto legislation, weigh on sentiment.
In the long run, analysts are divided. CoinDCX predicts a possible $100 by the end of 2025 if Trump’s pro-crypto policies materialize, while AMBCrypto sees resistance at $14.6 hindering short-term gains. Volatility remains high, evidenced by an 18% drop in a week in May 2025.
TRUMP is at a crossroads. If the bulls defend the $12 support, a bounce to $15 is conceivable in the short term, driven by the hype surrounding Trump.
However, a reversal at this level could indicate a deeper correction. Investors must exercise caution and responsiveness, monitoring technical levels and external catalysts to maximize opportunities.
