Official Trump has been struggling since its release, with an overall record high of over 71%, 89% below the all-time high. However, the wave of hype surrounding WLFI’s list gave the token a short lift yesterday, pushing Trump’s price up by more than 5% before sellers returned.
Charts of tokens currently trading $8.30 are sending mixed messages. Some metrics suggest short-term rebounds, but the broader trends are heavily controlled.
When the bear loses grip, the accumulation trend gives hints at rebound, but there is a catch
Despite Trump’s weakness, the chain accumulation over the past week has been purely positive. The top 100 addresses add about 0.78 million tokens, worth around $6.47 million at current prices.
Exchange balances have dropped by around 450,000 tokens, with signal outflow worth $3.74 million being another sign of accumulation. The whale, holding 1 million to 10 million tokens, has reduced its position of 0.06 million tokens, worth about $0.5 million.
In total, the market saw a net positive accumulation of Trump worth $9.7 million over seven days.
This is in line with Bullbear Power, an indicator that measures whether purchase or sale pressure is dominant since September 1st.
The combination of accumulation and short-term bearish strength weakening is the basis for potential Trump price rebounds. However, signs of accumulation allowed the bear to bear mildly defeated, and that was also not possible on the 4-hour chart.
Looking at the daily charts makes the plot thicker.
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Bullish Emancipation Meets Bearish Controls on the Daily Trump Price Chart
On daily charts, Trump prices formed lows during RSI, or relative strength in dayX, printed higher lower values. This bullish divergence often indicates that sellers may lose steam and precede the rebound. Simply put, the downward trend of prices is not in line with momentum. It suggests that buyers are beginning to resist.
Relative Strength Index (RSI) is a momentum oscillator that tracks conditions that are sold in excess.
However, this signal collides with the wider picture.
The power of bearish remains dominant on the daily charts, with sellers flipping control from green to red. The result is a standoff. The Bulls have a technical signal, but the Bear still has a structural grip.
Until that grip loosens, the rebound caused by the divergence may be shallow and covered by resistance at $9.73. Only a clean daily closure beyond that level could lean control over Trump buyers, losing $8.22 first, then $8.02 second, grabbing momentum and coming back to the seller.
Disclaimer
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