My intuition is that
$TRUMP no longer looks like a meme, but more like a stock with its emotions stripped away. This intuition needs verification with two sets of data: whether the high-volume spike of $163M on July 19 was genuine absorption or wash trading, and whether volume and momentum truly contracted in sync when the price center of gravity shifted from $1.69 down to $1.46.
The order book confirms this awkwardness: a one-way sideways-to-down drift, with成交量 mostly hovering between 40–70 million. The only time there was a significant anomaly made the price barely touch $1.62 before it reversed. Down 98% from ATH, yet still ranked at
#112 by market cap—this doesn’t look like it’s truly dead; it looks like it’s hanging on by one breath.
What I care more about is the $1.43–$1.46 range. Over the past half month it has repeatedly shown small-scale resistance, even though the 30-day percent change is still negative. That suggests there’s capital propping it up, but whether the “support” is accumulation or orchestrated wash trading can’t be determined from the daily chart alone.
Testing is more useful than picking sides. Watch the $1.41 line: if one day it breaks through on increased volume, then what I called the “downward grind” becomes accelerated liquidation, and this assessment needs to be revised. Conversely, if volume continues to wither while the price stubbornly holds, then this “zeroing out” narrative won’t hold either, and the bottom should be re-evaluated.