TRUMP Market Update

• TRUMP regained a bullish market structure on the 4-hour chart.
• High spot demand and increased OI in the past 48 hours signaled buyers were returning.

Official Trump (TRUMP) awakened from a ten-day slumber, during which the price hovered between $14.6 and $17.9. Trading volume was low, and the prevailing downtrend was expected to persist if Bitcoin (BTC) faced more negative news.

However, Official Trump experienced a quick price increase on February 14th, flipping the $17.88 level to support. This raises the question: Is the memecoin ready to surge again and capture speculators’ interest?

TRUMP: Is an Uptrend on the Horizon?

Since the early February price drop, Official Trump has fluctuated between $17.88 and $14.6, marking local highs and lows. The previous downtrend had a lower high set at $17.88. Once breached on February 14th, this indicated a shift in market structure.

Since then, the price showed signs of a higher low but will only confirm a bullish trend if TRUMP surpasses $22.55. A rapid decline to $15 the previous day indicated that bulls had not fully regained control.

The liquidation heatmap from the past two weeks identified the $18 region as a strong magnetic zone, relatively close in price to liquidity clusters, such as $21.63. Thus, Official Trump may retest $18 before advancing higher.

Although the heatmap suggested a minor price dip, both the spot CVD and Open Interest indicated rising bullishness. Strong spot demand over the past 48 hours supports this trend. If maintained, this momentum may propel TRUMP past the $22.6 local resistance level.

In summary, overall price movement and indicators show potential short-term bullishness. A move below the local support at $17.88 would invalidate this bullish outlook, leading to continued lower highs and lower lows, suggesting another downtrend.

**Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.