Official Trump (TRUMP) had a great run since its launch in January 2025. Within a few days, the asset hit an all-time high of $73.43. TRUMP’s price has fallen by 85.1% since its January high. The asset’s price and popularity skyrocketed due to its connection with President Donald Trump.

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Official Trump Slumps Amid Bearish Market

The crypto market has struggled to gain momentum over the last month. Bitcoin (BTC) briefly fell below $80,000. TRUMP is down 2.5% in the daily charts, 11.8% in the 14-day charts, and 42% over the previous month. Despite the dip, the asset has rallied by 4% over the last week.

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The market dip was likely due to global trade wars. The US has levied tariffs against Canada, Mexico, and the European Union (EU). Macroeconomic factors present considerable barriers to the crypto market. TRUMP and other crypto assets have faced significant price dips due to the developments.

The Asset Is Predicted To Hit $52 Soon

While Official Trump (TRUMP) has faced a substantial price dip, the coin may rally over the coming weeks.

According to CoinCodex, TRUMP will enter a bullish leg over the coming weeks. The platform anticipates the asset to hit $52.15 on Apr. 30. TRUMP’s price will rally by 378.44% if it hits the $52.15 target.

There is also a possibility that TRUMP will not rally as predicted. The asset could face a price consilidation over the coming weeks. Bitcoin (BTC) has stabalized at the $83,000 level. We could be entering another sideways market movement.

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TRUMP could make an upward movement if macroeconomic conditions improve. The Federal Reserve may introduce an interest rate cut soon. The move could lead to a market-wide rally.