TRUMP Price Might Bounce Again On Hype, but a Rally Looks Unlikely — Here’s Why
Official Trump (TRUMP) has struggled since launch, down greater than 71% general and almost 89% beneath its all-time high. But the wave of hype surrounding the WLFI listings gave the token a temporary elevate yesterday, pushing the TRUMP value up by greater than 5% earlier than sellers stepped again in.
Now buying and selling round $8.30, the token’s charts are sending combined messages: whereas some metrics trace at a short-term rebound, the broader development stays firmly underneath bearish management.
Accumulation Trend Hints at Rebound as Bears Lose Grip, But There’s a Catch
Despite TRUMP’s weak point, on-chain accumulation over the previous week has been internet optimistic. Top 100 addresses added roughly 0.78 million tokens, price about $6.47 million on the present value.
Exchange balances dropped by almost 0.45 million tokens, signaling outflows price $3.74 million — one other signal of accumulation. Whales holding between one and ten million tokens lowered their positions by round 0.06 million tokens, price about $0.50 million.
In whole, the market noticed internet optimistic accumulation of $9.7 million price of TRUMP over seven days.
This aligns with the 4-hour chart, the place bull–bear energy — an indicator that measures whether or not shopping for or promoting strain dominates — has been steadily declining since September 1.
The mixture of accumulation and weakening short-term bearish energy lays the muse for a potential TRUMP price rebound. However, the buildup indicators have solely been capable of mildly defeat the bears, and that too on the 4-hour chart.
The plot thickens after we have a look at the each day chart.
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Bullish Divergence Meets Bearish Control on the Daily TRUMP Price Chart
On the each day chart, TRUMP’s price has fashioned a decrease low whereas the RSI, or the Relative Strength Index, has printed a increased low. This bullish divergence usually alerts that sellers are dropping steam and will precede a rebound. In less complicated phrases, the downtrend in value isn’t being matched by momentum — suggesting consumers are beginning to withstand.
The Relative Strength Index (RSI) is a momentum oscillator that tracks overbought and oversold circumstances
Yet, this sign clashes with the broader image.
Bearish energy stays dominant on the each day chart, with sellers having flipped management from inexperienced to purple. The result’s a standoff: bulls have the technical sign, but bears nonetheless have the structural grip.
Until that grip loosens, any rebound sparked by the divergence is more likely to be shallow and capped by resistance at $9.73. Only a clear each day shut above that stage may tilt management again to TRUMP consumers, whereas dropping $8.22 first after which $8.02 would hand momentum decisively again to sellers.
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