In the last 24 hours, the price of the Official Trump cryptocurrency (TRUMP) has surged, reaching a high of $14.92, with trading volume exceeding $2.5 billion and a market capitalization of nearly $2.93 billion.
🧩 Factors affecting the TRUMP price in the last 24 hours
1. The "Dinner with the President" event
The price of TRUMP skyrocketed after the announcement of a private dinner with President Donald Trump for 220 top token holders. This event has stimulated buying demand, especially when a wallet that had been inactive for 5 months purchased $1.5 million worth of TRUMP.
2. Interest from major investors
A major investor has offered $5 million to attend dinner with the President, indicating strong interest from large investors in this token.
3. Positive market sentiment
The Fear & Greed Index is currently at 60 (Greed), indicating that market sentiment is leaning towards the positive.
📈 Price trend prediction for TRUMP in the next 8 hours
Based on current factors, TRUMP is likely to fluctuate between $14.00 – $15.50 in the short term. If it surpasses the $15.50 threshold with increased trading volume, the price could aim for the $16.00 – $17.00 range. Conversely, if it drops below $14.00, the price may retest the $13.00 – $12.50 support level.
📊 Short-term Futures trading strategy
Strategy 1: Range Trading
• Buy (Long): when the price is near the support level of $14.00, set a take-profit target at $15.50.
• Sell (Short): when the price is near the resistance level of $15.50, set a take-profit target at $14.00.
• Stop-loss: set at $13.50 for Long orders and $16.00 for Short orders.
Strategy 2: Breakout Trading
• Buy (Long): when the price surpasses $15.50 with increased trading volume, set a target at $16.00 – $17.00.
• Sell (Short): when the price drops below $14.00, set a target at $13.00 – $12.50.
• Stop-loss: set at $14.50 for Long orders and $13.50 for Short orders. 
⚠️ Note
• Risks from token unlock: A large amount of TRUMP is expected to unlock in July, which could create selling pressure and affect the price.
• High price volatility: TRUMP is a meme coin, so prices can be highly volatile and unpredictable.
📌 Conclusion
TRUMP is experiencing a strong bullish phase thanks to events related to President Donald Trump and interest from major investors. However, investors need to be cautious of potential risks, especially with the upcoming token unlock. Monitoring support and resistance levels closely, along with trading volume, will help make reasonable trading decisions in the short term.