Trump’s Flop Dinner Puts His Memecoin at 25% Price Crash Risks

Donald Trump’s controversial “Official Trump” dinner may have aimed to reward his top supporters, but it could end up accelerating a marketwide loss of confidence in the meme token bearing his name.

Technical charts now flash a high-probability breakdown scenario, with the TRUMP/USDT pair at risk of falling by as much as 25% in the coming days.

Symmetrical Triangle Breakdown Hints at $9.33 Target

The TRUMP token is currently trading near $12.83, hovering precariously along the lower trendline of a symmetrical triangle pattern that has been forming since early May.

This type of chart formation typically indicates a continuation move in the direction of the prevailing trend—in this case, bearish, given the token’s broader downtrend since March.

Volume has steadily declined during the pattern’s formation, a common precursor to an explosive move.

Should TRUMP/USDT close below the triangle support near $12.60, it would likely confirm a breakdown, with the next major support level sitting near $9.33. That represents a potential 25% drop from current price levels.

Adding further pressure is the 50-day exponential moving average (EMA), currently acting as dynamic resistance. This, combined with the Relative Strength Index (RSI) holding near neutral levels (49.95), suggests that bears may soon regain control if buyers fail to defend key support.

Trump’s Dinner May Have Done More Harm Than Good

The bearish setup coincides with growing discontent surrounding Trump’s recent exclusive dinner for top $TRUMP coin holders.

The event, billed as a reward for loyalty and enthusiasm, has been criticized as a poorly executed spectacle, featuring low-quality food, minimal interaction with Trump himself, and optics that raised serious ethical and legal questions.

Attendees who collectively spent over $148 million to qualify for the dinner were reportedly underwhelmed, with some calling the experience a “Walmart steak” affair.

Worse, nearly 43% of the guests are sitting on net losses from their investment in the memecoin. The fallout from the event is already echoing across social media and crypto forums, potentially dampening future retail appetite for the token.