As the broader crypto market corrected, Official Trump [TRUMP] collapsed 11.28% within 24 hours, while volume increased 15.47%, reflecting intensified participation throughout the selloff. The retracement pushed TRUMP’s market capitalization down to approximately $552.45 million.
The increase in spot volume to roughly $505 million suggested that the market participants remained actively involved as the memecoin extended its price fall. Such elevated volume also indicated substantial liquidity remained available as TRUMP approached an important technical price zone.
Eventually, TRUMP crypto‘s price stabilized around the $1.95 support zone, shifting attention towards whether sellers could force another breakdown.
Sellers control both Spot and Futures
According to CryptoQuant market indicators, selling activity pushed beyond price performance as the Taker CVD metric revealed pressure across both markets.
Notably, the Spot Taker CVD indicator preserved a seller dominance, implying aggressive sellers were still in control at the time of reporting.
The futures Taker CVD signal also remained seller-dominant as the derivatives participants maintained a similar pressure. This correlation, therefore, left the bulls without meaningful support from either side of the market.
Even so, the increasing volume indicated substantial participation continued despite the sharp price correction. However, buyers must counter this selling pressure before TRUMP crypto could establish a strong recovery.
Otherwise, the persistent taker selling could keep the memecoin compressed near support, threatening the broader technical price structure.
Can $1.93 preserve TRUMP’s pennant flag?
TRUMP crypto’s pullback brought the price toward the $1.93 level, where buyers had established support within the broader pennant structure, on the daily trading chart.
More importantly, the token remained inside the formation instead of confirming a breakdown beneath its lower boundary.
Additionally, the Parabolic SAR indicator sat around the $1.903 level at press time, placing the indicator beneath the prevailing price and also close to the same defensive region.
The RSI, on the other hand, retraced to 46.60, slipping below its moving average at 48.10. The technical indicator, however, remained comfortably above the oversold threshold despite the fading buying strength.
A successful hold of the $1.93 support could protect the pennant flag and support another attempt towards its descending upper boundary.
Subsequently, a strong breakout could bring the $2.30-price level into focus before TRUMP targets the larger $3.00-resistance zone. In contrast, losing the $1.93 key support, however, would weaken the setup and expose the lower $1.68 region.
Overhead liquidity offers a recovery incentive
The Binance Liquidation Heatmap provided another element as TRUMP defended its technical price structure.
Notably, dense liquidation concentration clusters developed above price around the $2.02 region and were also visible throughout the broader $2.05–$2.10 region.
These liquidity clusters could therefore likely attract the TRUMP price in case the bulls regain control from the aggressive bears. Besides, substantial liquidity, however, also remained beneath the prevailing market value around the $1.90–$1.93-area.
Therefore, TRUMP could likely sweep this lower liquidity before establishing a stronger price recovery from pennant support. Even so, holding the $1.93 support level would instead strengthen the path towards $2.02, followed by the broader overhead liquidity cluster.
Conclusively, TRUMP’s technical recovery structure remained intact above the $1.93 support, although the seller-dominant Taker CVD continued challenging buyers.
Ultimately, a sustained defense of the prevailing support could redirect price towards the overhead liquidity as $2.30 becomes the next major test.
Final Summary
- TRUMP crypto held $1.93, keeping its broader pennant recovery structure intact.
- Liquidity above $2 could support recovery, but taker sellers remained dominant.