Despite a 10% price decrease, traders of TRUMP memecoin should maintain optimism.
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TRUMP's MemeCoin Makes Waves with a Bullish Bias!
- Buckle Up for a Potential 3% Dip, but Bulls Still Hold the Reins
The controversial TRUMP memecoin has been keeping cryptocurrency enthusiasts on their toes with a sustained bullish streak over the past week. But watch out, folks, cause a minor dip of around 3% might just be around the corner!
The TRUMP memecoin, backed by the enigmatic President himself, has seen some whale accumulation before an exclusive dinner invite for its top holders. Critics like Adav Noti from Campaign Legal Center haven't been shy about calling it "cashing in on the presidency."
Let's take a closer look: The President's influence has been raising money for the WLFI token, a move that, though yet to hit crypto exchanges, has the potential to keep the TRUMP memecoin's rally going strong.
Will Bulls Hold Steady at $13.65?
Source: TRUMP/USDT on TradingView
To better understand the situation, analysts have plotted Fibonacci retracement and extension levels. These levels can give us an idea about possible price movements. The 23.6% southward extension tested as support in April, but the dinner invite news sent prices soaring beyond the $10 local resistance.
However, over the past few days, we've seen a couple of interesting developments. First, the rejection from the 78.6% retracement level at $15.99, and second, the subsequent pullback that brought the RSI below the neutral 50 level, indicating a shift towards bearish momentum.
If the bearish pressure continues, the local support at $11.78 could be retested if the price falls below the 50% retracement level at $13.65.
Source: Coinglass
The 2-week liquidation heatmap shows that the $14 and $13.4 levels are likely magnetic areas. With the $14 level already swept, $13.4 could be the next target for a short-term dip.
Once this price dip occurs, TRUMP might bounce back towards the $15.8 zone, a liquidity pocket that's closer to the price than the $11.33 pocket.
So, even though the short-term bearish momentum seems to be growing, a move towards $16 after a dip to $13.4 might just be what the doctor ordered for TRUMP. On the other hand, a sustained price drop below $13.22 could push the price down to $11.78.
Disclaimer: This information should not be taken as financial, investment, trading, or any kind of advice. It represents the writer's sole opinion only.
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(Enrichment Data)
- Current Status:As of late April 2025, TRUMP climbed to $15+ following the invitation to top holders for a private dinner with Donald Trump[1][4]. However, its price remains around 90% below its January all-time high of $75.35[1][2], with a market cap fluctuating between $1.67B–$7.9B (differing figures reported)[2][5]. The $13.65 support level isn’t explicitly mentioned in recent reports, but the post-dinner rally suggests short-term strength in the $7–$15 range[2][4].
- Price Predictions:
- Late April: AI models suggest a potential rise to $17.16 by April’s end[3].
- May Outlook:
- Bull case: A break above $17.05 resistance could target $23.21–$33.15[4].
- Bear case: Failure to maintain momentum might cause a retreat to $7.11, especially if the dinner event triggers a "sell-the-news" reaction[4].
The $13.40 dip isn’t specifically cited, but technical analyses indicate heightened volatility. If the $13.65 level (assuming it acts as minor support) fails, a test of $7–$11 becomes possible given the token’s history of extreme corrections[2][4].
Key Risks:- Concentration: 80% of tokens are held by Trump-affiliated entities, increasing manipulation risks[1].- Sentiment-driven: Prices soar around Trump's crypto-related announcements but struggle to maintain gains[1][4].
Traders should monitor the dinner event's outcome and broader political developments for directional cues[1][4].
- The controversial TRUMP memecoin has been sustaining a bullish streak, but analysts predict a potential 3% dip in the near future.
- Despite the potential dip, the TRUMP memecoin's price has been bolstered by the President's influence, raising funds for the WLFI token, though yet to hit crypto exchanges.
- If the bearish pressure persists, the local support at $11.78 could be retested, and the $13.65 support level, while not explicitly mentioned in recent reports, is a potential area of interest.
- The 2-week liquidation heatmap suggests that the $13.4 level, following the $14 level, could be the next target for a short-term dip.
- After a potential dip to $13.4, TRUMP might bounce back towards the $15.8 zone, attracted by a liquidity pocket.
- Notable figures like Ray Dalio have expressed concerns about the global order's stability, with some speculating that Bitcoin could benefit from such developments in the world of finance and technology.
