TRUMP Price Slides Below $8.00 As Bears Dominate — Will Bulls Defend Key Support?

TRUMP confirmed a breakdown from a falling wedge, with strong selling volume pushing price below $8.20 and momentum favoring downside continuation.

Heavy futures activity dominates market action, with $351M in volume and $445K long liquidations highlighting increased leveraged-driven volatility.

Market cap fluctuates between $1.505B and $1.545B as spot flows remain shallow and speculative futures trading shapes short-term direction.

TRUMP has broken down from its falling wedge as bearish momentum intensifies. Despite a 0.35% daily gain, the token trades at $7.72 after losing 9.40% over the past week.Bulls are struggling to defend crucial support against mounting selling pressure.

Price Action and Technical Structure

Alpha Crypto Signal reported that TRUMP/USDT confirmed a sharp breakdown from a descending wedge structure that had formed since June 2025. The breakdown followed repeated rejections between $9 and $9.50 and multiple tests of $8. A strong bearish candle yesterday pierced wedge support, accompanied by one of the heaviest selling volumes in recent months.

Currently, TRUMP trades slightly under the 9-day EMA at $8.24 and the 50-day SMA at $8.71. Both moving averages remain above the price, suggesting sustained bearish control. Heavy selling volume reinforced the move, with stop-loss liquidations and cascading orders accelerating the decline.

Despite this weakness, today’s candle shows a long lower wick, reflecting aggressive buying interest near the $7 level.However, failure to reclaim $8.20–$8.50 area could confirm continuation toward $6.50–$6.80.

The pair remains locked inside a descending channel, producing consistent lower highs and lower lows. A channel breakout remains the first technical sign of strength, though current momentum favors sellers.

Market Activity and Volatility

TRUMP coin Spot trading volume stands at $86.78 million, while futures activity dominates with $351.53 million, showing that leveraged positions remain the primary driver of market moves

Open Interest sits at $350 million, about 23% of the token’s market capitalization, which increases the risk of liquidations if price volatility continues. In the past 24 hours, around $445,000 worth of long positions were liquidated as bullish traders were caught off guard by the breakdown.

Short-term futures inflows suggest some buying strength, but longer timeframe data from seven to ninety days still reflects consistent net outflows, aligning with broader deleveraging Market capitalization has recently fluctuated between $1.505 billion and $1.545 billion, with quick drops followed by sharp recoveries. Stability above $7.50–$7.70 may prevent deeper losses.

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