TRUMP — Will the Meme Coin Hit $14 Again in May 2025?
The Official Trump ($TRUMP ) meme coin, known for its political ties, recently made headlines after jumping to $16.42 in late April. Since then, it’s pulled back and is now testing key support levels. With the market cooling off, traders are watching to see if this is just a pause or the start of another breakout.
Price Chart Update: Bouncing or Breaking Down?
After climbing from $7.15 to $16.42, TRUMP has dropped to the middle of its Fibonacci retracement range. It’s now trading around $11.79, with solid support just below at $10.69. The current price is holding steady between $10.89 and $11.20. Resistance near $14.23 has been tough to break, but as long as $10.69 holds, the overall trend remains positive.
Short-Term Technicals: Signs of Stabilization
On the 4-hour chart:
Price is trying to move back above the 50 EMA ($11.81).
The 100 EMA is at $11.83, and the 200 EMA is lower at $11.28.
After dipping below the 200 EMA on May 3, the coin is showing signs of recovery.
The RSI has risen slightly from oversold levels, moving from 28 to 33.77. It still needs to rise above the 40–45 range to confirm a stronger trend.
Bollinger Bands are tightening, which means lower volatility. The price is just under the middle line at $11.96, with support at the lower band around $10.29.
The MACD is showing less selling pressure, and while the momentum is calming, there hasn’t been a full shift back to a bullish trend yet. A move above the zero line would help confirm that.
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