Official Trump [TRUMP] faced distribution pressure from the team-related liquidity transactions that facilitated 3.39 million USDC in sales. According to Lookonchain, the team repeatedly added and removed liquidity while converting TRUMP exposure into USDC during the period.
However, despite the extra supply coming in, the altcoin’s price performance was still quite decent. In fact, TRUMP had gained by 11.56% in 24 hours and 80.79% across seven days. These gains indicated that buyers absorbed substantial selling while preserving much of the broader recovery.
However, given this rapid weekly growth, team-linked distribution added another supply source. Sustained sales could increasingly challenge buyers if demand weakens from its recent elevated levels.
Thus, the durability of the rally might hinge on the continued absorption of tokens coming into circulation as a result of incoming demand.
Taker sellers challenge the weekly surge
Notwithstanding the strong weekly performance, spot trading has maintained a notably different demand outlook. In fact, the 90-day Spot Taker CVD showed a seller side dominance, continuing with aggressive selling in the market orders.
Despite continuous aggressive sell-side recovery though, buyers have remained supportive of the price. However, team-linked sales strengthened an existing supply challenge rather than introducing selling into a buyer-dominated environment.
The 11.56% daily uptick also highlighted that demand was not fading even with the extra supply pressure.
Still, persistent taker selling could restrict further price expansion once buyers stop absorbing available supply aggressively.
Can THIS key support preserve the breakout structure?
The altcoin’s price retreated sharply after its explosive advance reached approximately $3.67, before sellers regained control. At the time of analysis, TRUMP was trading at around $2.49 while remaining above the important $2.285-support level.
Crucially, buyers had already pushed the price through $1.846 and $2.285 during the preceding expansion.
The DMI reinforced the recovery’s underlying directional strength despite the pullback from the spike. The +DI signal line stood at 52.62, while -DI fell sharply to only 3.10. Notably, the ADX stood at 32.94, indicating that the trend move was considerably strong.
However, $3.092 was the next significant resistance level where price gave up its previous intraday highs.
A hold above the $2.285 support level would preserve the stronger recovery structure and leave another resistance challenge possible.
Upside liquidity could attract another advance
Finally, derivatives positioning may be another significant addition to TRUMP’s next potential price path.
The liquidation heatmap had the highest near-term upside liquidity around the $2.95-mark. TRUMP’s price sat around $2.49, leaving substantial liquidation liquidity positioned above the prevailing market level.
There, renewed buying activity could push the price near $2.95 again before the higher $3.092 resistance level falls into focus.
Besides, downside liquidity might be visible around $2.40-$2.45 as the market retraces from its recent surge. The hike in selling could pull the price towards those lower clusters before buyers attempt another recovery.
However, the $2.95 concentration still offers a strong upside liquidity goal should demand take over from the $2.285-level.
Final Summary
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Holding $2.285 could keep the dense $2.95 liquidation liquidity within reach.
