The TRUMP token has attracted attention after its price increased by 58% to $14.32 following an announcement of a private dinner for the top holders.
Token Price Surge
The TRUMP token experienced a significant rise, climbing from $8.40 to $16.70, then stabilizing around $13.46. The support at $13.00 has been crucial for sustaining the bullish trend.
Investment Goals and Analysis
Analysts, including Emma, suggest that pushing above the $15.00 level could trigger another upward wave. Traders are targeting entry zones between $13.20 and $13.60 with price targets at $15.50, $16.70, and $18.20.
Political Event Sparks Interest and Scrutiny
On April 23, Trump announced a private dinner for the top 220 token holders, scheduled for May 22 at his Washington golf club. This announcement led to a price spike amidst ethical concerns and calls for investigation from Senator Elizabeth Warren and others.
The market for the TRUMP token shows active movement in response to political events, generating both investor interest and public scrutiny. The future of the token will depend on its ability to maintain support and continue its growth.
