TRUMP Falls 9% in a Day: Pattern Suggests 10% Surge Incoming?

The post TRUMP Falls 9% in a Day: Pattern Suggests 10% Surge Incoming? appeared first on Coinpedia Fintech News

The TRUMP token is making waves in the crypto market yet again. This time around, the push comes from NASDAQ-listed GDC committing $300 million toward building a crypto treasury with Bitcoin and Trump coin as primary assets. The buzz was also fueled by $148 million being spent by TRUMP meme coin holders in a contest to win a Gala dinner with the U.S. President Donald Trump, scheduled for May 22nd. The two news reports collectively have urged retail and institutional interest in the Trump price movements. 

The TRUMP token at the time of press is changing hands at $12.83, with an 8.90% price drop in the past 24 hours. Despite the daily drop, the meme token has maintained a strong 22.41% weekly gain. Talking about its stance in the business, the market capitalization has dropped to $2.56 billion, and a rank of #45. The intraday trading volume rose 26.16% to $1.92 billion.

The Official TRUMP token is forming a bullish cup and handle pattern on the 4-hour time frame, hinting at a potential breakout. A close above the 9-SMA at $13.11 resistance could trigger an upside move toward $14.17. However, let us not refute the possibility that a failure to break out may lead to a retest of the $12.30 support zone. Moreover, increased selling pressure could drag the price down to $11.50. 

Also read our Trump Coin Price Prediction 2025, 2026-2030!

The Trump coin is currently trading at $12.83, with an intraday price drop of 8.90%.

Institutional support from NASDAQ-listed GDC in a move to promote crypto reserve has brought the OFFICIAL TRUMP token to the limelight.

This $TRUMP memecoin can be bought from top cryptocurrency exchanges like Coinbase, Binance, Bitget, and major Solana pairs.