The TRUMP cryptocurrency fell by 11.28% over 24 hours, while trading volume increased by 15.47%, reflecting active participation amid the sell-off. TRUMP's market capitalization decreased to approximately $552.45 million. The increase in spot volumes to about $505 million indicated that market participants continued to engage actively despite the price drop. The TRUMP price stabilized around the support level of $1.93, drawing attention to whether sellers could trigger another decline. According to CryptoQuant market indicators, selling activity also spread to futures, where aggressive sellers dominated. This left bulls without significant support on both sides of the market. Nevertheless, the growth in volume indicated that participation remained despite the sharp price correction. Buyers need to withstand pressure from sellers for TRUMP to establish a sustainable recovery. Otherwise, persistent selling could keep the memecoin close to support, threatening the broader technical price structure.
The return to the $1.93 level provides some degree of protection for TRUMP's recovery structure. This support level is part of a broader 'pennant' formation on the daily chart. The Parabolic SAR indicator at the time of reporting was around $1.903, which is also close to the protective region. The RSI indicator fell to 46.60, dropping below the moving average at 48.10, but remained above the oversold level. If the $1.93 level is held, it will help protect the 'pennant' formation and support a new attempt to rise to the upper boundary. A successful breakout could direct the price to the $2.30 level before TRUMP targets a larger resistance zone at $3.00. However, losing the key support at $1.93 would weaken the current setup and open the path to the $1.68 area.
Additionally, liquidity dynamics also support TRUMP's recovery structure. The Binance liquidation map shows a concentration of liquidity around the $2.02 area, which could attract the price upward if bulls regain control from aggressive bears. The liquidity structure remains active below the market in the $1.90–$1.93 area, suggesting the possibility of capturing this liquidity before establishing a stronger recovery if the $1.93 level is held.
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