- Official Trump (TRUMP) price action faces resistance at $21.86 and $25.73.
- TRUMP is also trading below its 20-day EMA on the 4-hour chart.
- Donald Trump is set to airdrop TRUMP tokens worth $50 to his supporters.
To reward loyal crypto supporters, President Donald Trump is giving away free Official TRUMP (TRUMP) meme coins worth $50 following a sharp price drop after its January debut.
Eligible participants who bought select merchandise on Trump’s website before February 15 get three TRUMP tokens. The memecoin’s website states its mission is to ‘build the strongest crypto community ever.’ Only buyers of high-end Trump-branded products—watches, fragrances, digital trading cards, and golden sneakers—qualify for the airdrop.
Recipients may claim tokens until March 1 using the email from their purchase. Tokens will be directly deposited into their crypto wallets.
Read Also: SUNDOG Token Breaks Out: Surges 58% as TRX Ecosystem Fuels Rally
TRUMP Token Price Prediction
CoinMarketCap shows TRUMP token trading at $16.80, up 0.61% over the past 24 hours.
The 4-hour chart indicates a 20-day EMA at $16.96, acting as short-term resistance. A break above this level with high volume could push prices higher.
Current Price & Technical Resistance
The Relative Strength Index (RSI) reads a value of 46.42, indicating neutral momentum. An RSI between 40 and 50 suggests that the asset is neither overbought nor oversold, meaning it could consolidate before making a significant move.
On the other hand, the Moving Average Convergence Divergence (MACD) indicator shows that the bulls and the bears are almost evenly matched, with the MACD line (blue) traversing very close to the signal line (red).
Read Also: Coinbase CEO Sounds Alarm on Memecoin Market Scams
It is important to note that if TRUMP surpasses $25, it could rally toward $31.98 (1.618 Fib level) and $42.10 (2.618 Fib level) based on Fibonacci extensions. Also, major resistances are present at $21.86 (0.618 Fib level) and $25.73 (1.0 Fib level).
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
