The Trump Saga: Will Bulls Finally Reclaim $12 or Just Continue Whining?

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  • Ah, Trump. The memecoin that trades like a soap opera. For the last three weeks, it’s been stuck in a predictable loop, kind of like your Aunt Mabel’s endless yarn collection.
  • Every time it nears $15, the bears show up, grumbling like they’re late for bingo night, quashing any chance of a rally.

So, there was a bit of excitement in April. TRUMP shot up from $7.14 to $16.44, like it had found a secret stash of magic beans. But guess what? It couldn’t keep up the momentum. Classic.

Why the sudden rise, you ask? Well, apparently, the top 220 holders of TRUMP got an exclusive invite to have dinner with President Trump. Because that’s *definitely* what memecoins are all about—dinner parties with billionaires. 🙄

Fast forward three weeks, and demand has slowed down faster than a political debate on Twitter. TRUMP couldn’t break past the $14.4 mark. But who knew that could be just the calm before the storm?

Looking at the technical charts, we see potential for a drop to $10-$11. Could this be a “buy the dip” moment? Possibly, but you’re going to need some convincing—and maybe a few extra drinks to ease the pain of that “trend reversal” talk.

Could TRUMP Make a Big Comeback? Spoiler: Maybe.

After its April sprint, we dragged out the Fibonacci retracement tool like an old family heirloom. Guess what? The 61.8% retracement at $10.74 is holding up like a stubborn old dog in a thunderstorm, refusing to back down.

But there’s trouble. The On-Balance Volume (OBV) is looking as gloomy as the weather during a summer camping trip. Not a good sign.

And don’t even get me started on the Relative Strength Index (RSI) on the 3-day chart. It’s basically waving the white flag of surrender, signaling more losses ahead. 🏳️

But wait—just when you thought it was all doom and gloom, the 4-hour chart throws us a bone. Okay, it’s a small bone, but it’s still something. TRUMP’s currently sitting at the low end of its three-week range, around $12.2. Weak demand? Sure. But could this be the bargain of the century? Perhaps—if you’re willing to take a bit of a gamble.

If you’re a swing trader, toss in a stop-loss below $11.8 and pray to the crypto gods that TRUMP rallies to $13.75 (because “mid-range resistance” is everyone’s favorite term) and even $15.3. If you’re lucky, you might just make a profit before it all goes sideways again.

Now, for the cherry on top. The Liquidation Heatmap from CoinGlass suggests a dip could be lurking in the shadows, like a sneaky villain in a B-grade action movie.

The liquidity pocket around $12 is still up for grabs, and we might see a quick dip to $11.9 before the price slowly crawls back up to the $15 range. But, you know, no one’s making any promises here.

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2025-05-29 11:39