OFFICIAL TRUMP ($TRUMP
) is a meme coin with strong branding appeal, currently trading around $13.01 (as of May 21, 2025), and boasting a market cap of approximately $2.74 billion.
Performance Overview:
Price is down 2.68% in the last 24 hours, but still showing a 15% gain over the past week.
24-hour trading volume stands at $200 million, indicating healthy liquidity.
Over the last 30 days, the price has ranged between $12.50 and $45.00.
Technical Insights:
Support level is seen at $12.70, while resistance is around $15.00.
The RSI sits at 58.65, signaling bullish strength without entering overbought territory.
A falling wedge pattern is forming, which typically points to a possible rebound, potentially pushing price back toward the $15.00 mark.
Trading Strategy:
Entry Zone: Consider buying between $13.00 and $13.50 for a short-term position.
Profit Targets: Look to take profits at $15.00, then possibly $18.00 and $25.00 if momentum continues.
Stop-Loss: To manage downside risk, place a stop-loss around $12.50.
Long-Term Outlook: It’s a high-volatility, hype-driven asset—best treated as a speculative hold.