- Official Trump price trades near $8.37, reversing after rejection at the descending trendline and overhead EMAs.
- Spot flows show $7.73 million in outflows, signaling holders are reducing exposure and adding sell-side pressure.
- Losing support at $7.50 opens downside toward $6.10, while a close above $9.57 is needed to flip trend bullish again.
Official Trump price today trades near $8.37, pulling back after a failed attempt to break the descending trendline and the overhead EMA cluster. Sellers stepped in aggressively at the intraday high of $8.95, forcing price back below short term moving averages as spot flows show renewed distribution. The move shifts momentum to the downside heading into November 12.
Rejection At Major Trendline Halts Rally
The daily chart shows price rejecting a multi month descending trendline that has capped every breakout attempt since June. TRUMP briefly pushed above the 20 day EMA and into the Supertrend band, but buyers were unable to sustain the move.
Key technical factors on the daily chart:
- 20 day EMA: $7.53
- 50 day EMA: $7.42
- 100 day EMA: $7.99
- 200 day EMA: $9.57 (major trend confirmation level)
The rejection near $9.50, almost perfectly aligned with the 200 day EMA, reinforces that long term sellers still control the trend. TRUMP now trades back inside the Supertrend band, which has turned red again, reflecting a shift back into a corrective phase.
The immediate support zone sits at $7.20 to $7.50, an area that previously acted as both resistance and support. Losing that level exposes the lower support shelf at $6.10.
Spot Outflows Show Holders Are Reducing Risk
Coinglass data reveals that TRUMP recorded $7.73 million in net outflows on November 11. Outflows reflect tokens moving from wallets back to exchanges, typically to be sold or actively traded rather than held.
Over the past four sessions, spot flows show more red prints than green, which indicates:
- Holders are reducing risk exposure
- Liquidity is moving onto exchanges rather than off
- Traders are not positioning for continuation after the recent spike
The outflow trend aligns with the price reaction at the trendline, reinforcing the shift in sentiment.
Intraday Momentum Turns Lower As VWAP Fails
The 30 minute chart highlights the loss of short term momentum.
- TRUMP slipped below the daily VWAP at $8.66
- RSI dropped from overbought levels to 36, signaling momentum exhaustion
- Price is failing to reclaim the mid VWAP band, confirming seller control
When price trades below VWAP and fails to reclaim it during intraday rallies, it signals that buyers are not adding size into strength. Instead, selling pressure increases on every attempt to bounce.
The short term playbook is straightforward. TRUMP must reclaim VWAP and close above $8.80 to indicate that demand is returning. Anything below VWAP keeps the trend tilted lower.
Outlook. Will Official Trump Go Up?
Momentum has shifted in the short term. TRUMP needs to reclaim lost levels before bulls regain control.
- Bullish case: A daily close above $8.95, followed by a reclaim of $9.57, signals trend reversal and opens upside targets toward $11.50 and $13.00. Buyers must show strength with volume and sustained demand, not one day spikes.
- Bearish case: A daily close below $7.50 confirms the failed breakout and exposes $6.10, where the Supertrend and previous accumulation zone intersect.
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