The President supporting cryptocurrency, Donald Trump, will host a prestigious dinner tomorrow, May 22, 2025 (Thursday), with the largest holders of the Trump meme coin. This event has caused significant excitement among investors, pushing the price of the Trump coin up 12.66% in the last 24 hours to $14.56. To add fuel to the fire, Tron founder and billionaire cryptocurrency investor Justin Sun announced that he is the largest holder of this coin and will attend the event.
Analysis of Trump Coin Price
The meme coin $TRUMP is currently being traded at a price of $14.56, with a daily increase of 12.66%. The buzz has led to a significant trading volume surge of 153.72% to $1.59 billion. Looking at the 4-hour chart, a bullish momentum could push the price of TRUMP beyond $15, targeting resistance at $15.5-$16.
The 9-day simple moving average is currently trailing the price around $13.55, acting as dynamic support in this uptrend. The RSI is at 70.79, just entering the overbought zone, usually a signal for short-term consolidation. In such a case, the memecoin could establish a solid base at $13.20 - $13.50.
