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. 

$TRUMP Price Analysis:

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!

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