The official Donald Trump token (TRUMP) is currently in a downtrend. Since peaking at $16 on May 22, it has dropped by a dramatic 36%. However, there’s growing speculation that this correction could soon be over – and the reason? Trump’s upcoming birthday on June 14. If the former president makes a statement regarding crypto, the token’s price could skyrocket.
📉 What Does the Technical Analysis Say?
The daily chart shows a clear pattern of lower highs and lower lows. On June 5, the token hit a crucial support level at $9.54, which triggered a 17% rebound – but was followed by another dip. Momentum indicators like the RSI (Relative Strength Index) suggest bearish control remains strong, with the RSI still above the oversold zone (30), indicating potential for further decline.
The Awesome Oscillator (AO) confirms this outlook – red histograms below zero are getting taller, signaling that the bears may not be done yet.
🔍 What Could Trigger a Reversal?
While the charts suggest more downside, one key catalyst is looming: Trump’s birthday on June 14. History has already shown how powerful such events can be – on April 22, when Paul Atkins was appointed SEC chair, the TRUMP token surged over 78% in just 3 days. If Trump makes a similar move, we could see another explosive rally.
📰 Events to Watch That Could Impact TRUMP Token Price:
🔹 Approval of a Strategic Bitcoin Reserve bill
🔹 Removal of Federal Reserve Chair Jerome Powell
🔹 New crypto acquisitions by Trump’s company, World Liberty Finance
🧭 Key Price Levels – Where to Look for Support and Profit-Taking Opportunities
Support Zones:
🔹 $9.54 – This level already triggered a rebound once. A retest may not hold, though.
🔹 $8.02–$8.63 – A strong demand zone. This area kicked off the previous rally on April 20. Buyers may step in here again.
Resistance (Profit-Taking Targets):
🔹 $13.14–$13.91 – A fair value gap created after a sharp 16% drop on May 23. When the price re-enters this zone, heavy sell orders may slow upward momentum.
🔹 $14.27 – A major resistance level tested multiple times in April and May without success. If broken, it could lead to a breakout.
🔹 $16.44 – The previous all-time high. Surpassing this level could result in up to 100% gains from current prices and may trigger a trend reversal.
🔮 Summary: Will the Trump Effect Strike Again?
Although TRUMP token is still under selling pressure, technical indicators show it's nearing critical support zones that could spark a rebound. With Trump’s birthday approaching and potential headlines looming, a sharp rally is possible. Investors are watching the $8.02–$8.63 zone closely, from which the price could surge back to $16.44, offering a potential 100% upside.
Question for you: Do you think Trump will use his birthday to make a crypto-related announcement? 🎉📈
#TRUMP , #memecoin , #CryptoNewss , #CryptoCommunity , #trumpcoin
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“