Official Trump token traded near $3.21 after a sharp selloff erased most of its mid-March rally, leaving it just above its all-time low.
Exchange data showed balances surged from roughly 15 million to 41 million tokens during the rally, indicating large holders positioned to sell near peak prices.
“Selling pressure has not fully cleared,”
Analysts noted, as elevated exchange balances persist despite the initial wave being absorbed.
The Chaikin Money Flow indicator has dropped to -0.14, signalling continued capital outflows and weak buying interest following the failed recovery attempt.
Technically, the token remains below key resistance at $3.30, with the next support near $2.94 before the all-time low at $2.705.
A break below $3.00 could accelerate losses, while reclaiming $3.64 would be needed to invalidate the current bearish setup.
Without a new catalyst, the structure suggests downside risk remains dominant as traders watch whether the token revisits historic lows.
At the time of reporting, Official Trump price was $3.21.