- TRUMP token surged 58% to $14.32 after a dinner invite for top 220 holders was announced.
- Analysts say holding above $13.00 could fuel a breakout toward $15.50, $16.70, and $18.20.
- Despite ethical concerns, bullish targets remain at $25, $35, and $45 if support zones hold.
The TRUMP meme coin has seen renewed price movement, currently trading around $14.32 after a 58% surge. The rally was triggered by an exclusive dinner invitation announced by former President Donald Trump for the top 220 coin holders. With rising momentum, short-term targets are now set as high as $45.
TRUMP Token Gains Support After Price Rebound
According to analysis prepared by Crypto analyst Emma via X, TRUMP token surged from $8.40 to $16.70 before retracing to support near $13.46. She noted that as long as the $13.00 level holds, the bullish trend remains active. A push above $15.00 could trigger another upward wave.
Master X also posted that the token is again trading in the green zone, suggesting potential for another breakout. The price action continues to show strength, supported by technical indicators.Â
Traders are now watching entry zones between $13.20 and $13.60, with target levels set at $15.50, $16.70, and $18.20. Volume is increasing, but not yet at peak levels. This suggests room for accumulation by traders aiming for short-term gains before the next wave of movement.
Political Event Sparks Investor Interest and Scrutiny
On April 23, Trump announced a private dinner for the top 220 TRUMP token holders, scheduled for May 22 at his Washington golf club. According to the invitation details, the top 25 investors will receive additional access and a guided tour.
This announcement caused a sudden spike in token value, after falling over 80% from its all-time high in January. According to a report by Coingecko, the price touched $16.17 before pulling back.
However, ethics groups and lawmakers, including Senator Elizabeth Warren, have called for a formal investigation. Concerns have been raised about mixing political influence with financial products. Despite this, the token continues to hold key support zones, keeping the next bullish targets of $25, $35, and $45 in view.
