TRUMP Token's Two-Day Streak Has Bulls Eyeing $2.27, but Sellers Aren't Saying Bye-Zero

The Official Trump [TRUMP] memecoin extended its bullish streak for a second consecutive day, climbing 3.15% over the past 24 hours to trade at the $1.90 level at press time. Accompanying the price increase, trading volume surged 25% to $281 million, signaling heightened participation from both traders and investors.

Despite the recent gains, the daily chart shows TRUMP's broader market trend remains bearish. The memecoin has broken down through multiple key support levels over the past six months, including $4.67, $2.73, and $2.27. It continues to trade below the 200-day Exponential Moving Average (EMA) while forming a bearish lower-high and lower-low structure since its launch, indicating that sellers remain in control.

The asset is currently taking support from an ascending trendline in place since June 5, 2026. If TRUMP holds above this trendline, upward momentum could continue, though a major rally would require a break above the $2.27 resistance level that has served as a significant hurdle since May 2026. A break below the trendline, however, could result in a new low in the coming days. TRUMP's Average Directional Index (ADX) has fallen to 19.13, pointing to weak trend strength and suggesting the current price momentum is likely to fade.

Derivative data paint a more bullish picture. According to CoinGlass, the Binance TRUMP Long/Short Ratio has reached 2.02, reflecting strong bullish sentiment among traders. The two major liquidation levels are $1.85 on the downside and $1.96 on the upside, where traders have built $4.08 million worth of long positions and $2.95 million worth of short positions, respectively, based on daily timeframe data.

Spot market data also point to accumulation. TRUMP's Spot Inflow/Outflow metric shows that $102.99K worth of TRUMP tokens moved out of exchanges over the past 24 hours, indicating potential accumulation by long-term holders following the same bullish path as derivatives traders.