TRUMP Meme Coin Nears $12 Amid Team’s Clarification on Dinner Controversy
Meme coin mania hits new highs as TRUMP token flirts with $12—proving once again that crypto markets thrive on vibes, not fundamentals.
The team behind the token scrambled to clarify a recent dinner misunderstanding, though investors seem more focused on the price action than the PR spin. Because when lambo?
Another day, another meme coin defying gravity while traditional finance analysts clutch their spreadsheets. Just don’t ask about utility.
TRUMP Price Outlook
TRUMP token is currently trading around $12, down by 1% in the past day. However, the meme coin still sits over 60% higher week-on-week. Interestingly, it added $1 billion to its market cap in just hours of the dinner announcement on April 23, now boasting a $2.42 billion valuation.
As per several reports, since its launch, the TRUMP token has generated $312 million in sales and $41 million in fees for Trump and his business partners.
On the 1-hour TRUMP price chart, the RSI hovers NEAR 52, hinting at a lack of strong momentum in either direction. However, the daily chart suggests that the RSI is around the overbought region, which means that late buyers could face losses in the coming days.
TRUMP price chart | Source: TradingView
Meanwhile, Bollinger Bands are tightening on the hourly chart, suggesting a volatility squeeze that often results in a sharp move. The token faces major resistance around $13.50, a level bulls failed to cross during the recent parabolic surge.
MACD lines recently crossed bearishly, with the histogram fading. This suggests weakening short-term momentum. If the token fails to hold the current level, it can find support near $11.20.
TRUMP price chart | Source: TradingView
Volume and open interest are cooling off, which suggests that a decisive move requires fresh catalysts, possibly tied to new event details. Until then, traders could see consolidation and a fight between bulls and bears.
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