- The stubborn $14.6 and $16 price barriers are like a velvet rope denying entry to the TRUMP bulls’ bash.
- The mysterious May 22nd dinner invite might just be the carrot dangling on a stick to keep memecoin fans twitching.
Official Trump [TRUMP] didn’t just stroll, it practically moonwalked upwards by 75.2% on April 23rd, thanks to the earth-shattering news that the top memecoin holders would snag a private dinner date with the one and only President Donald Trump. Yes, you read that right — dinner, not just a tweet.
Dubbed “the most EXCLUSIVE INVITATION IN THE WORLD” (and that’s a phrase that ages like milk in sunshine), it promises the top 220 holders a swanky gala dinner with the Don himself. If you’re in the elite top 25, you get an “ultra-exclusive private VIP reception,” which is code for “try not to spill anything on your tie.”
Before this spectacle, TRUMP was having a bit of a rough patch — down 80% since January 20th’s lofty $46.5. Now, with this unexpected pump, it’s “only” 71% down compared to inauguration day prices. Progress!
Will TRUMP break through or just hit the wall again?
March’s plunge from $17.75 to $9.54 inspired a Fibonacci retracement plot—because why not bring math to the party?
Instead of bouncing prettily to the 50% level at $13.65, TRUMP dipped to the 23.6% extension level at $7.6, forming a double bottom that only clairvoyants noticed in hindsight. Amazing.
Before party invites were dropped like hot mixtapes, demand for TRUMP was about as lively as a dull seminar, with on-balance volume (OBV) declining steadily from March 25th to April 22nd.
Then boom! In 36 hours, trading volume surged, catapulting OBV beyond March’s snooze-worthy levels.
Meanwhile, the TRUMP chart looks bullish(ish), having poked above the $8.7 and $12.2 lower highs. But wait—those pesky $14.6 and $16 retracement levels are standing firm, like security guards saying, “No, you may not enter.”
The bulls are huddling to defend support levels at $12.2, $10.7, and the psychological $10 mark, like partygoers clinging to the last three slices of pizza.
The Open Interest (OI) shot up faster than a late-night tweet storm, leaping from $97 million on April 21st to a meaty $207.9 million by April 24th on Binance. Speculators are flexing their favorite emoji-fueled bullish vibes, hoping this isn’t just another plot twist in the gripping saga of memecoin madness.
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2025-04-24 16:13