The meme coin Trump ($TRUMP) officially associated with US President Donald Trump is still bullish after last week’s shocking announcement inviting the largest shareholders to a private dinner with Trump. TRUMP is up 2.3% today and 83% over the past week, currently trading at $15.13. Despite this impressive bullish trend, the currency is still down approximately 79.4% from its all-time high of $73.43, set just a few days after Trump’s inauguration. Nevertheless, TRUMP is currently the best-performing meme coin among the top five by market capitalization — surpassing coins like Dogecoin ($DOGE), which, despite being supported by Tesla/SpaceX/X CEO Elon Musk, has maintained its value over the past day and only increased by 12% over the past week. Trump’s VIP dinner for 220 top TRUMP donors has received a lot of criticism, including Democratic Senator Jon Ossoff calling for Trump’s impeachment. Stock price prediction for TRUMP: Where will TRUMP go next? The bullish trend of TRUMP still seems strong and this growth momentum can easily expand if this group continues to leverage the current excitement. As shown in the chart, TRUMP has been continuously decreasing for several months — until a significant breakout triggered a strong bullish move, reversing the downtrend with strong buying pressure.
Although some short-term profit-taking can be seen - with the RSI dropping to 70.99 - the token has successfully consolidated above key levels, indicating that it is building a foundation for another potential bullish move. The broader meme coin market has decreased slightly by 0.3% in the past 24 hours, but the 24-hour trading volume of $1.7 billion for TRUMP indicates that this project is still receiving serious attention. If the bullish trend returns to this sector, traders will be eyeing the next big target of the $20 mark.