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Official Trump Price Prediction – Gala Hype Could Push TRUMP to $46

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Highlights:

  • TRUMP is one of the top gainers among the top 100 cryptocurrencies today
  • TRUMP’s momentum is driven by the forthcoming presidential dinner for holders
  • Hype around the event could push TRUMP to $40-plus

Official Trump (TRUMP) is one of the top cryptocurrency gainers today. When going to press, TRUMP was trading at $14.26, up by 12% in the day. TRUMP trading volumes are also rising, up by 194% in the day to stand at $1.78 billion. This shows that bullish momentum around TRUMP is on the rise. This is an indicator of the rising bullish momentum around TRUMP. The standout performance of TRUMP relative to other top 100 cryptocurrencies is mainly due to the current big news around it. 

President Trump to Host Dinner of TRUMP Coin Holders

One of the key factors driving TRUMP’s momentum is that US President Donald Trump will host a dinner for TRUMP holders. The gala to be held at the White House on May 22 is a vote of confidence in TRUMP. That’s because it is the only meme coin with validation from the most powerful office in the US.

There is also the fact that there will likely be a media frenzy around the dinner. This means there are a lot of people who have not invested in crypto that will get to learn of TRUMP as their first meme coin. It is a factor that could trigger FOMO buying, and the market is pricing in such a possible price rally. 

Over and above the upcoming dinner, TRUMP is also getting a boost because bullish momentum is slowly returning to the cryptocurrency market. Bitcoin bulls are gaining momentum and are slowly pushing the price through a critical multi-week resistance level. If Bitcoin bulls sustain momentum and volumes increase, it would have a strong amplifying effect across the market. This would benefit TRUMP as well, especially given that it is already getting a lot of mentions due to the upcoming presidential gala. 

Perception of Undervaluation Could Draw In Investors to TRUMP

TRUMP could also benefit from the perception that it is undervalued, especially if there is a return of full bullish momentum in the market. Despite its recent price appreciation, Official Trump price is still way off from its all-time highs of over $70. Even if it were to only return to its all-time highs, TRUMP would still be quite rewarding to investors. This means there could be a buildup of FOMO in TRUMP due to a confluence of a rising Bitcoin and the media attention TRUMP is receiving.

Caution Is Key Despite the Excitement In TRUMP

Despite the excitement surrounding Trump, there is always reason for caution, like with every other investment. A congressman in the US recently proposed the MEME Act, which aims to bar politicians from benefiting from cryptocurrencies they launch. If this proposal gets the necessary support in Congress, it could be a big blow to TRUMP. There is also the ongoing stablecoins bill that may impact the cryptocurrency market by restricting how stablecoins operate. However, these are more long-term issues and may not have much of an impact on Official Trump’s price now.

Technical Analysis – Official Trump Price Targeting Critical Resistance

TRUMP has gained upside momentum from the charts for the last three weeks. At the moment, TRUMP is targeting the $14.82 resistance. If there is a clear break through $14.82, especially on the Gala hype, TRUMP could rally to $46.35 in the short term.

TRUMP
Source: TradingView

On the other hand, if the momentum fizzles out and bulls fail at the $14.82 resistance, then a correction to multi-week support at $7.66 could follow.

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