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Price Prediction for $TRUMP: Lunch on May 22 Could Trigger the Craziest Memecoin Trend
Trump coin has increased by 10% today, reaching a level of $14.22 while the crypto market has actually fallen by 1% in the past 24 hours. TRUMP has currently increased by 7% in a week and impressively risen by 70% in the past 30 days, although this altcoin - the 50th largest coin in the crypto market - is still down 80% from its ATH of $73.43 in January. Recently, this stock has surged thanks to the dinner that President Donald Trump will host tomorrow, with the participation of 220 largest TRUMP shareholders. However, even with the short-term "sell the news" event after dinner, Trump Coin may still rise higher in the long term, especially as broader market momentum is forming and upcoming events continue to drive interest in politically themed tokens. Price prediction for Trump coin: Lunch on May 22 could trigger the craziest meme trend of 2025 Taking place tomorrow at Trump's golf club in Virginia, the lunch will witness the anonymous owners of 220 TRUMP wallets dining with the President.
The identity of at least some of the wallets above has been revealed, as Justin Sun disclosed in the past 24 hours that he is the owner of the wallet with the most funds. A report from Bloomberg stated that 19 out of 25 of the wealthiest asset holders are not American, while critics of Trump in Washington have accused the president of corruption and being susceptible to foreign influence. However, so far, the dinner has had a positive impact on TRUMP stock prices, although the prices may become a bit more unpredictable after May 22. Looking at today's chart, TRUMP appears to be on the verge of a breakout, with the 4-hour chart showing the token touching the upper boundary of a symmetrical triangle — a classic pattern that often heralds explosive moves. The RSI index has surged to 71.75, indicating a strong bullish momentum and showing that buying pressure is rapidly increasing.
The RSI index is currently fluctuating around 71.75, entering the overbought zone — an indication of strong upward momentum, although it also suggests the potential for short-term volatility. The trading volume is starting to rise higher, which could provide the confirmation that the buyers need to push this token into the next bullish phase. If the market sentiment remains unchanged, TRUMP may test the year's highest level again and move towards the $30 mark at the beginning of summer.