TRUMP Price Eyes Rally As Donald Trump Confirms Gala Dinner

The TRUMP price could soon break out following Donald Trump's latest move. In an X post, the US president confirmed that the May Gala dinner will go ahead despite criticisms about this move from him and the promotion of his meme coin.

The TRUMP price could soon break out following Donald Trump’s latest move. In an X post, the US president confirmed that the May Gala dinner will go ahead despite criticisms about this move from him and the promotion of his meme coin.

According to the post, the Gala dinner will hold on May 22 at Trump National, the president’s private club in Washington. The top 220 TRUMP meme coin holders will get an invite to the event. The creators of the meme coin will finalize the guest list of the holders following the contest, which ends on May 12.

As CoinGape reported, Tron Founder Justin Sun will likely be in attendance as he is currently one of the meme coin’s top holders. Data from the meme coin’s official website shows that Sun is currently at the top of the leaderboard with 1.47 million tokens and boasts a weighted holdings of 1.2 million.

However, the TRUMP price could surge following the latest development.

TRUMP Price Analysis: Next Rally Levels

The TRUMP token price dropped to lows of $0.00031 after a recent rally stalled. At the time of writing, the TRUMP token is trading at $0.00033, showing a recovery from the recent drop.

If the TRUMP price can break above the resistance at $0.00035, then it could continue rallying to the next resistance level at $0.0004. A move above $0.0004 could open the way for a rally to $0.0005.

However, if the sellers are able to push the price back below the support at $0.0003, then it could continue falling to the next support level at $0.00025. A move below $0.00025 could open the way for a decline to $0.00015.

The middle band of the Bollinger Bands is at $0.00033 and the upper band of the Bollinger Bands is at $0.00038. The Relative Strength Index (RSI) is at 47.

Donald Trump Breaks Down Plans For May Gala Dinner

US President Donald Trump took to X, formerly known as Twitter, to confirm that the May Gala dinner will go ahead. A complaint by members of the Democratic Party led to the cancellation of the event, which was initially planned for April.

According to the president, the gala dinner will now hold on May 22 at Trump National, his private club in Washington. At the event, the top 220 TRUMP meme coin holders will get an invite to the event.

The president stated that the creators of the meme coin will finalize the guest list of the holders following the contest, which ends on May 12. According to him, the meme coin team will use an algorithm to select the top 220 TRUMP token holders.

Here’s part of Trump’s post:

“The TRUMP token community has outdone itself with incredible creativity and engagement in the meme coin contest. We're blown away by the talent and enthusiasm shown by all the participants.”

The post detailing the May Gala dinner comes a few weeks after the US president announced that he would be making a meme coin. In April, the former US president announced the launch of his meme coin, adding that it would be called TRUMP.

The president stated that he had no role in the creation of the meme coin and that he was not accepting any payment for his likeness. He also noted that he would be donating all proceeds from the meme coin to charity.

The meme coin would be available for purchase on May 10, and the top 100 TRUMP token holders would get an invite to a gala dinner at Trump National, Washington.