Trump-themed meme token TRUMP is poised for upside breakouts as bullish catalysts loom

Digital assets witnessed slight retracements on Monday as Bitcoin consolidated around the $103K mark.

Digital assets saw slight retracements on Monday as Bitcoin (BTC) consolidated around the $103K mark.

Digital assets saw slight retracements on Monday as Bitcoin (BTC) consolidated around the $103K mark.

While analysts kept discussing the “calm before the storm” narrative, Official Trump ($TRUMP) seemed poised for upside breakouts as bullish catalysts approached.

The meme token formed a symmetrical triangle formation, and this week’s dinner between top TRUMP holders and the US president could support the impending bullish breakouts.

The triangle’s measured move suggests extended gains to $28.63.

The triangle’s measured move suggests extended gains to $28.63.

That would mean an approximately 124% upswing from current prices of $12.78.

$TRUMP holders to dine with the US president

According to Invezz, the top 220 investors of TRUMP meme crypto will attend a private dinner with the pro-crypto United States president this Thursday, May 25.

Moreover, the top 25 holders will access even more perks, including touring the White House and an exclusive session with the president before the meal.

Finna crashout at the trump dinner

$TRUMP, launched a few days before the January 20 presidential inauguration, has been a key for the Trump family’s venture into the crypto market.

Real-world events like the upcoming dinner reflect the project’s dedication to blending loyalty, political identity, and financial speculations.

The occasion, representing the most audacious connection between politics and cryptocurrencies, has grabbed the digital asset community’s attention.

Meanwhile, that has triggered speculations about $TRUMP’s potential price reactions and future performance.

The Thursday event might catalyze significant uptrends, especially if media coverage and key announcements follow.

The Thursday event might catalyze significant uptrends, especially if media coverage and key announcements follow.

Narrative remains paramount in meme assets, and Trump’s power and prestige positions the alt for impressive price actions.

$TRUMP price outlook: technical pattern meets political event

As the alt anticipates bullish moves, analyst Rose Signals identified a vital price pattern.

$TRUMP’s 1-day chart has tightened within a textbook symmetrical triangle formation for weeks.

The pattern remains crucial as it often heralds a swift price move in either direction.

The pattern remains crucial as it often heralds a swift price move in either direction.

Meanwhile, $TRUMP price coils around the triangle’s apex, with eyes on the charts and Thursday’s dinner table.

The daily chart shows the triangle setup maintained crucial support and resistance zones in the past three weeks.