TRUMP holds $1.50 – Breakout setup or another Q3 bull trap?

The Official Trump memecoin is holding a tight consolidation range around $1.50, with rising Open Interest suggesting traders are positioning for a potential big move. However, the broader memecoin market is struggling, with the sector's total market cap down over 15% in the past 30 days, and a major bullish catalyst, the CLARITY Act, losing momentum. This setup raises the risk of a deeper Q3 breakdown if TRUMP breaks below the $1.5 support level.