The TRUMP memecoin is making headlines today as it leads the market with double-digit gains. The Solana-based token has surged over 13% in the past 24 hours, fueled by growing excitement surrounding a private event hosted by Donald Trump.
TRUMP Leads Market with 13% Daily Gain
TRUMP is currently the top-performing asset across the crypto market, up 13% in just one day. This sharp rise comes just before a high-profile dinner scheduled for tomorrow. At this event, former President Donald Trump will meet with the top 220 TRUMP token holders at his Virginia golf club near Washington, D.C.
This exclusive gathering has captured the attention of both crypto enthusiasts and political observers, adding fuel to the memecoin’s rally.
Justin Sun Boosts Confidence in TRUMP
Adding to the momentum, Tron founder Justin Sun recently revealed on X (formerly Twitter) that he is the largest holder of the TRUMP token. His public endorsement has been widely seen as a vote of confidence, encouraging further buying and strengthening investor sentiment.
Technical Indicators Signal More Upside
Several key technical indicators are aligning with the current bullish momentum. On the daily chart, TRUMP recently bounced off its 20-day Exponential Moving Average (EMA) at $12.99—a sign of continued support and short-term strength.
This EMA tracks recent price trends and often signals bullish continuation when the price stays above it. TRUMP’s current price of $14.32 confirms this breakout, with the next resistance level projected near $19.28.
Further confirmation comes from TRUMP’s Directional Movement Index (DMI). The +DI (positive directional index) is well above the -DI (negative directional index), suggesting that buying pressure outweighs selling pressure. This supports the case for an ongoing uptrend.
Key Levels to Watch for TRUMP
- Immediate Resistance: $19.28
- Support Floor: $12.99 (20-day EMA)
- Downside Risk: If support fails, the price could drop to $10.76
While bullish sentiment remains high, some profit-taking could trigger a short-term pullback. If TRUMP breaks below the $12.99 support, a drop toward $10.76 is likely.
