- $TRUMP rebounds over 60% from the $5 level, now testing resistance near $9.00 after weeks of decline.
- Trading volume and liquidity expand sharply, signaling renewed interest and active participation across the market.
- More than 630,000 holders contribute to a broadening base, reinforcing sustained engagement in $TRUMP’s recovery.
TRUMP coin has shown a strong recovery after recent market weakness, with prices advancing toward a crucial resistance level that could determine its next directional move. The asset is displaying renewed momentum supported by growing liquidity and improving sentiment.
Rebound Brings $TRUMP Coin to Key Technical Zone
The latest analysis of $TRUMP/USDT by Cheds Trading indicates that the token has staged a sharp recovery, described as a “major bounce into the underside of lost support.” This pattern often appears when price retraces back to a former demand zone that has transitioned into resistance.
After falling steadily since mid-August, $TRUMP recently rebounded strongly from near $5, surging over 60% to trade around $8.50–$8.60. The move coincides with improved near-term momentum, though the long-term trend remains cautious as the 200-day moving average continues to slope downward.
The resistance around $8.00-$9.00 is the focus point for traders. Earlier this year, it served as a strong support base, but once broken, it became a supply region. The ongoing test of this zone represents a key moment for the market — either to confirm a shift in trend or resume the broader decline.
Volume Expansion and Market Dynamics Support the Rebound
Action in $TRUMP has improved with the rally. Volume increased significantly on the bounce, reflecting fresh buying by retail and institutional participants. Whether this volume represents continued accumulation or covering in the short term is unknown, however.
CoinMarketCap figures at the time of writing show that TRUMP is trading at $8.22, up 5.38% in 24 hours, and has a market cap of $1.64 billion. Volume-to-market-cap ratio is 158.53%, which means high turnover and liquidity increases. Such high-level trading activity typically suggests that traders are hedging for future volatility.
The fully diluted valuation (FDV) is reported at $8.23 billion, positioning $TRUMP within a rising mid-cap category. With 199.99 million tokens in circulation from a total supply of 999.99 million, less than one-fifth of the supply is currently available in the market — a factor that could amplify future price movements if demand remains firm.
Sentiment Strengthens as Traders Anticipate Further Movement
Social sentiment has also shifted in $TRUMP’s favor. CryptoBull shared, “Someone knows something, I don’t know who, I don’t know what. But I’m long $TRUMP — it is crime szn after all.” This comment mirrors an emerging tone of speculative optimism across crypto circles.
Price behavior supports this sentiment-driven recovery. After dipping to nearly $7.79, the asset reversed strongly towards $8.60 before settling down, indicating that buyers are defending lower levels. Such behavior is typically indicative of an early stage of accumulation or pre-breakout phase, but one which indicates short-term attitude remains bullish.
With over 630,000 holders, participation continues to increase, with evidence of broad interest in various trading populations. With the coin settling near resistance points, the question on traders’ minds is whether momentum can be sustained above $9.00 — a breakout that can extend gains to $10.50–$11.00. Conversely, rejection here can catalyze another stage of retracement to $7.20–$7.50.
