- TRUMP’s recent rally from February 14 saw consistent gains before losing momentum.
- High trading volume shows strong interest, but caution creeps in as prices waver.
- The $18-$19 range could be a critical support zone for the token.
Since February 14, TRUMP token showed remarkable strength, starting a solid upward rally that had many traders excited. According to CoinGecko, prices broke through multiple resistance levels and climbed steadily, reflecting renewed bullish sentiment in the market. The momentum pushed the token well past the $20 mark, with strong buying pressure reinforcing the surge.
However, the rally appears to be hitting a wall around $19.50. After peaking just shy of $20, the price started to show signs of exhaustion, retreating towards $18.65 at the time of writing. This pullback could be a healthy correction, but it’s also a crucial moment for TRUMP to establish new support levels.
The market needs to hold above $18; otherwise, we might see deeper retracements. For now, bulls seem to be regrouping, possibly preparing for another push higher.
Trading Volume Remains Strong, but What Does It Mean?
One of the defining features of this recent TRUMP rally has been the impressive trading volume. The token saw over $2.3 billion in 24-hour trading activity, suggesting strong market interest and liquidity. Usually, high volume during an uptrend signals the presence of serious buyers.
But with the current slowdown in price momentum, it’s important to watch whether this volume sustains or tapers off. If trading activity drops while prices continue to slip, it could indicate that short-term traders are exiting their positions, leaving the token vulnerable to a larger correction.
On the flip side, consistent high volume during this consolidation phase might just be a sign that buyers are accumulating at these levels before the next leg up.
A Stellar Rally that Hit a Wall
As the token sits around $18.65, the $18-$19 range becomes critical for determining its next move. This level could act as a strong support zone, helping TRUMP stabilize and prepare for another upward run. If this range holds, traders might see it as a buying opportunity, leading to renewed bullish momentum.
If TRUMP can reclaim $19.50 and push past $20 again, it could signal the continuation of its bullish trend. Beyond that, $22 would be the next major resistance to break. However, failure to hold above $18 might lead to a retest of lower levels, possibly around $16.
For now, the market remains in a delicate position. With the recent rally still fresh in traders’ minds, there’s a lot of optimism—but caution is starting to creep in. It’s a moment where patience could pay off, as the token decides its next big move.
