Why TRUMP crypto’s recovery odds depend on the $1.93 support

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.