Official Trump (TRUMP) exploded in March after the project unveiled an April 25 Mar-a-Lago gala for its top holders, but that event-driven rally is now losing steam as the Iran war saps risk appetite across markets.
One whale reportedly made about $2.5 million within hours of the announcement as TRUMP jumped roughly 60%, underscoring how strongly the market initially reacted to the event catalyst.
The memecoin is no longer trading on hype alone. The key question is whether the countdown to Mar-a-Lago can revive bullish momentum, or whether worsening macro conditions will keep TRUMP pinned below its post-announcement highs.
TRUMP appears to be carving out an inverse head-and-shoulders pattern on the 4-hour chart, a setup that typically signals a bullish reversal after a downtrend.
The head formed near the March 23 low around $3.10, while the two shoulders developed around the $3.28-$3.30 area. Price is now pressing against the neckline near $3.40-$3.42, which also overlaps with short-term moving average resistance.
A confirmed breakout above this barrier could trigger the pattern’s measured-move target near $3.72, suggesting a potential rally of about 8% by the first week of April if bullish momentum holds.
On the 3-day chart, TRUMP is also attempting a recovery within a falling-channel structure that resembles a bull flag developing after its sharp March rebound.
Price has bounced from the channel’s lower boundary and is now trying to reclaim short-term momentum, with rising volume supporting the move.
If buyers maintain control, the next key upside area comes near the flag’s upper trendline, which aligns closely with the 50-period EMA around $5.
That level could act as the next major magnet ahead of the Mar-a-Lago event, implying a potential 50% rally from current prices if sentiment around the catalyst strengthens.
A break below the lower trendline will invalidate the bounce setup, instead sending TRUMP memecoin’s price toward the bear flag’s measured target near $1.65.
Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.