After reaching a high of $16.42 at the end of April, the $TRUMP token entered a consolidation phase, trading around $12.80 on May 3, 2025. The 4-hour chart shows a symmetrical triangle pattern forming, with the lower boundary set near $12.10. This $12.10 area has consistently acted as a recovery zone, absorbing selling pressure since the peak.
On the positive side, the resistance threshold between $13.30 and $13.40 remains solid. This area aligns with the upper boundary of the triangle and a horizontal supply zone identified by analysts. Fibonacci retracement levels drawn from the price rise in April identify $13.38 (0.382), $14.22 (0.5), and $14.74 (0.618) as key benchmarks. Bulls have been unable to reclaim the initial $13.38 level, leading to a sideways price structure.
Momentum indicators signal caution for $TRUMP
Technical momentum indicators reflect weakening buying strength. The Relative Strength Index (RSI) remains capped below 45, indicating that buyers have yet to regain control since the peak at the end of April. The Moving Average Convergence Divergence (MACD) is flat, indicating minimal chart expansion and no clear bullish or bearish divergence.
Additionally, the Stochastic RSI, after previously reaching overbought territory, is now at a neutral level. This reinforces the lack of urgency in the current directional price action of $TRUMP
Volatility decreases as prices narrow between key averages
Significant volatility decrease following the price rise in April, confirmed by the strong contraction of the Bollinger Bands. Prices are currently oscillating between the middle Bollinger Band and the lower band, with no clear trend based on this indicator.
The Exponential Moving Average (EMA) is also tightening. The 20-period EMA and 50-period EMA converge around $12.91, forming an immediate daily resistance level. The 100-period EMA ($11.95) and 200-period EMA ($11.27) lie below the price, positioned to act as dynamic support levels if the horizontal support at $12.10 is broken.
May forecast: $TRUMP will fluctuate within the range unless there is a breakthrough
Looking at the daily chart, $TRUMP remains above the broader uptrend line originating from the late March baseline near $7.80. Bulls continue to defend the $12.10 support level despite the sell-off from the highs. However, the failure to break clearly above $13.40 with supporting volume increases the risk of a secondary decline.
For May 2025, forecasts based on this technical setup suggest that $TRUMP remains within the bounded range between $12.10 and $14.22 unless there is a large volume breakout above $14.22 or a breakdown below $12.10. A breakout above $14.22 opens targets at $15.48 and the previous high near $16.42. Conversely, losing the $12.10 support creates downside risk towards the $11.00–$11.20 area.