After reaching a peak of $16.42 at the end of April, the $TRUMP token entered a consolidation phase, trading around $12.80 on May 3, 2025. The 4-hour chart shows a symmetrical triangle pattern forming, with the lower boundary set near $12.10. This $12.10 area has continuously acted as a zone of recovery, absorbing selling pressure since the top.
On the positive side, the resistance level between $13.30 and $13.40 remains solid. This zone aligns with the upper boundary of the triangle and a horizontal supply zone identified by analysts. The Fibonacci retracement levels drawn from the price increase in April identify $13.38 (, 0.382), $14.22 (, 0.5) and $14.74 (, 0.618) as key benchmarks. Bullish speculators have failed to reclaim the initial $13.38 level, resulting in a sideways price structure.
Momentum indicators signal caution regarding $TRUMP
The technical momentum indicators reflect that the strength of buyers is weakening. The relative strength index (RSI) remains capped below 45, indicating that buyers have yet to regain control since the peak at the end of April. The moving average convergence divergence indicator (MACD) is flat, showing minimal chart expansion and no clear bullish or bearish divergence.
Additionally, the Stochastic RSI, after reaching the overbought zone earlier, is currently at a neutral level. This reinforces the lack of urgency regarding the current direction in the price action of $TRUMP.
Volatility decreases as prices narrow between key averages
The volatility has significantly decreased after the price increase in April, as confirmed by the strong narrowing of the Bollinger Bands. The price is currently fluctuating between the middle Bollinger Band and the lower band, with no clear trend based on this indicator.
The exponential moving average (EMA) is also tightening. The 20-period EMA and the 50-period EMA are converging around the level of $12.91, forming an immediate daily resistance level. The 100-period EMA (11.95 $) and the 200-period EMA (11.27 $) are positioned below the price, set to act as dynamic support levels if the horizontal support at $12.10 is breached.
May forecast: $TRUMP will fluctuate within the range unless there is a breakthrough.
Looking at the daily chart, $TRUMP remains above the broader upward trend line originating from the support level at the end of March near $7.80. Bullish speculators continue to defend the support level of $12.10 despite the sell-off from the highs. However, the inability to clearly break above $13.40 with supporting volume increases the risk of a secondary decline.
For May 2025, forecasts based on this technical setup indicate that $TRUMP remains within the range between $12.10 and $14.22 unless there is a major breakout above $14.22 or a breakdown below $12.10. A rise above $14.22 opens the target at $15.48 and the previous high near $16.42. Conversely, losing support at $12.10 creates downside risk towards the zone $11.00–$11.20.
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$TRUMP Will Recover to $14 or Slide Below $12?
After reaching a peak of $16.42 at the end of April, the $TRUMP token entered a consolidation phase, trading around $12.80 on May 3, 2025. The 4-hour chart shows a symmetrical triangle pattern forming, with the lower boundary set near $12.10. This $12.10 area has continuously acted as a zone of recovery, absorbing selling pressure since the top. On the positive side, the resistance level between $13.30 and $13.40 remains solid. This zone aligns with the upper boundary of the triangle and a horizontal supply zone identified by analysts. The Fibonacci retracement levels drawn from the price increase in April identify $13.38 (, 0.382), $14.22 (, 0.5) and $14.74 (, 0.618) as key benchmarks. Bullish speculators have failed to reclaim the initial $13.38 level, resulting in a sideways price structure. Momentum indicators signal caution regarding $TRUMP
The technical momentum indicators reflect that the strength of buyers is weakening. The relative strength index (RSI) remains capped below 45, indicating that buyers have yet to regain control since the peak at the end of April. The moving average convergence divergence indicator (MACD) is flat, showing minimal chart expansion and no clear bullish or bearish divergence. Additionally, the Stochastic RSI, after reaching the overbought zone earlier, is currently at a neutral level. This reinforces the lack of urgency regarding the current direction in the price action of $TRUMP. Volatility decreases as prices narrow between key averages The volatility has significantly decreased after the price increase in April, as confirmed by the strong narrowing of the Bollinger Bands. The price is currently fluctuating between the middle Bollinger Band and the lower band, with no clear trend based on this indicator. The exponential moving average (EMA) is also tightening. The 20-period EMA and the 50-period EMA are converging around the level of $12.91, forming an immediate daily resistance level. The 100-period EMA (11.95 $) and the 200-period EMA (11.27 $) are positioned below the price, set to act as dynamic support levels if the horizontal support at $12.10 is breached. May forecast: $TRUMP will fluctuate within the range unless there is a breakthrough. Looking at the daily chart, $TRUMP remains above the broader upward trend line originating from the support level at the end of March near $7.80. Bullish speculators continue to defend the support level of $12.10 despite the sell-off from the highs. However, the inability to clearly break above $13.40 with supporting volume increases the risk of a secondary decline. For May 2025, forecasts based on this technical setup indicate that $TRUMP remains within the range between $12.10 and $14.22 unless there is a major breakout above $14.22 or a breakdown below $12.10. A rise above $14.22 opens the target at $15.48 and the previous high near $16.42. Conversely, losing support at $12.10 creates downside risk towards the zone $11.00–$11.20.