Trump coin has increased by 10% today, reaching $14.22 while the cryptocurrency market in general has actually dropped by 1% in the past 24 hours.

TRUMP has now risen by 7% in a week and an impressive 70% in the past 30 days, although this altcoin - the 50th largest coin in the 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, featuring the participation of 220 of the largest TRUMP shareholders.

However, even with a short-term "sell the news" event after the 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.

Trump coin price prediction: The 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 see the anonymous owners of 220 TRUMP wallets dining with the President.

The identity of at least some of the wallets above has been made clear, as Justin Sun revealed in the past 24 hours that he is the owner of the largest wallet.

A report from Bloomberg states that 19 out of 25 of the largest asset holders are not American, while critics of Trump in Washington have accused the President of corruption and being susceptible to foreign influence.

However, to date, the dinner has had a positive impact on TRUMP's stock price, although prices may become a bit more unpredictable after May 22.

Looking at today’s chart, TRUMP appears to be on the brink of a breakout, with the 4-hour chart showing that this token is approaching the upper boundary of a symmetrical triangle — a classic pattern that often precedes explosive moves.

The RSI index has surged to 71.75, indicating strong bullish momentum and showing that buying pressure is rapidly increasing.

The RSI index is currently hovering around 71.75, moving into overbought territory — a sign of strong bullish momentum, although it also indicates potential short-term volatility.

Trading volume is beginning to rise higher, which could provide the confirmation that the buyers need to take this token into the next bullish phase.

If market sentiment remains unchanged, TRUMP may test the yearly high again and approach $30 by early summer.