Justin Sun’s Upcoming Dinner with Donald Trump

The price of TRON (TRX) is currently trading at $0.2770, its highest level since last December, marking a 37% increase from its February low. Similarly, TRUMP has reached $15.28, up by 112% from its yearly low.

This surge in both cryptocurrencies can be attributed to various factors. Firstly, it follows the overall crypto market rebound, with Bitcoin surpassing the $111,000 mark. Additionally, it is fueled by the announcement of the dinner between Justin Sun, the TRON founder, and Donald Trump, the US president. Sun, being the largest TRUMP holder, has the crypto community eagerly anticipating this dinner.

Technical Analysis of TRON and TRUMP’s Tokens

On the 12-hour chart, the price of TRON has been showing an upward trend since March, forming an ascending channel with gradual accumulation. A breakout above the resistance at $0.30 would confirm further upward potential. However, a drop below $0.25 would challenge this optimistic scenario.

TRON Price
Source: TradingView

For TRUMP, the daily chart indicates a bounce since the dinner announcement in April. The price has recently surpassed a critical resistance level at $16.43. A breakthrough of this threshold would pave the way for further advancements, targeting $20 initially.

TRUMP Price
Source: TradingView

Investors should remain vigilant post the Justin Sun and Donald Trump dinner. Some participants are already showing selling signs. Nevertheless, if both cryptocurrencies can hold their current levels, they could continue their progression in the coming weeks.

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