Official Trump Price Forecast – Why TRUMP Could Drop Below $10

Highlights:

• Official Trump dips after it failed at the $15.80 resistance
• The correction puts the $7.66 support in focus
• Drop in dinner hype likely to drive correction to prices below $10

As the crypto market records minimal activity today, meme cryptocurrency Official Trump (TRUMP), which is affiliated with the former US president, has also dipped. When going to press, TRUMP was trading at $12.98, down by 4.66% intra-day. This can be linked to the broader altcoin market, which is in the red today.

Recent TRUMP Surge Fueled by the Presidential Dinner Announcement

Nonetheless, the decline in TRUMP’s value is not exclusively due to market conditions. Factors such as sentiment exhaustion pressure the token following a recent price surge. Last week, the token experienced a 70% rally in response to announcing an exclusive gala dinner for its investors.

$TRUMP is up 57% after announcing the top 250 holders would be invited to a dinner with the president himself. pic.twitter.com/XkWCLHFpo0

— Vybe (@Vybe_Network) April 23, 2025

According to TRUMP’s official website, investors, particularly the top 220, will have an exclusive dinner with the US president. The website’s claim that subscribers would have the “most EXCLUSIVE INVITATION in the world” attracted significant attention from meme coin investors.

The excitement seems to be fading rather rapidly. Despite the initial inflation, the coin, which was priced as high as $74 immediately after its January launch, has not been able to capitalize on last week’s excitement and now sits far below that figure.

Senators Call for an Ethics Investigation Into Official Trump

The growing price weakness can also be linked to Senators Adam Schiff (D-Calif.) and Elizabeth Warren’s (D-Mass.) calls for an ethics investigation into the upcoming dinner. They addressed their request to Jamieson Greer, the Acting Director of the Office of Government Ethics and the United States Trade Representative.

Senators Warren and Schiff call for an ethics probe into President Trump’s $TRUMP token dinner, citing “pay-to-play” corruption concerns.

Yo, @SenWarren why you hating? Also, how has your net worth outperformed your salary so significantly?

I know you’re not an elite trader. pic.twitter.com/6vGG4I7IHt

— James (@JamesEastonUK) April 29, 2025

The senators raised fears that the event could be unethical or perhaps illegal. They further argued that the US president was abusing power by leveraging his meme coin to sell access. Along with other legally unaccountable arrangements being extended to foreign nationals or corporate players masquerading as private dinner attendees, the senators highlighted the potential access to federal influence.

The controversy deepened after the meme coin website stated that the top 25 holders would receive invitations to a separate exclusive reception with Trump and a special tour of the White House. Critiques say that this type of access, created by currency ownership, directly undermines the integrity of public office.

Market Sentiment Now Dictates TRUMP Price

Although the political backlash has tempered investor fervor, market analysts believe TRUMP might still capitalize on broader movements within the crypto space. If Bitcoin starts recovering and the market becomes bullish, $TRUMP could again rise in alignment with macro factors.

Memes are waking up.

$FARTCOIN +200%$POPCAT +150%$VVV +88%$PEPE +20%
Solana memes leading the charge.
Ethereum memes lagging — but not for long.
The tide is shifting. pic.twitter.com/z40KLSXEf7

— Yurick Kharchev (@yk_music) April 28, 2025

Since the initial frenzy died down, these trends have become increasingly noticeable. Observing TRUMP as just another meme token has, for the time being, satisfied the broader market trend and liquidity narrative many investors have come to rely on. 

Technical Analysis – Official Trump Fails at Key Resistance Level

After its recent price appreciation, TRUMP failed at the $15.80 resistance four days ago. With bears now seemingly in control, TRUMP could be headed for a retest of the $7.66 support. 

However, if a broader market rebound pushes TRUMP through the $15.80 resistance, a rally to $21.66 is possible in the short term. 

Recap

Market instability, political turmoil, and shifting investor perceptions place TRUMP in a problematic scenario. Whether it can regain traction or confront more headwinds is likely to depend on legal developments and Bitcoin’s next move. If the price of Bitcoin breaks out, TRUMP, buoyed by the upcoming presidential dinner, could rally in the short term.