Official Trump Price Forecast: TRUMP at Record Low as Selling Pressure Intensifies

• $1.25 is the level around which Official Trump is trading on Thursday. The token fell 20% in the previous session.
• Despite falling spot prices, TRUMP Open Interest has recovered steadily so far this week, pointing to a build-up of bearish positions.
• Mounting selling pressure leaves TRUMP’s technical outlook tilted to the downside.

$1.2500 is Official Trump (TRUMP)’s approximate price at press time on Thursday. The token is pausing after losing 20% the previous day, with its retreat coinciding with Republicans' defeat in the US midterms. Growing positions in TRUMP derivatives point to a stronger bearish bias among traders. Persistent selling pressure also leaves the technical picture signalling scope for further declines.

130 million TRUMP in open interest as fresh futures shorts emerge

Capital has flowed sharply into TRUMP derivatives so far this week, driving a build-up in positions. CoinGlass data puts TRUMP Open Interest (OI) at 130 million TRUMP tokens, compared with 100 million on Sunday, indicating greater leveraged exposure. With spot prices falling, the return of speculative interest points to a bearish bias.

$1.2580 record low: TRUMP technical outlook points lower

Near $1.2580 on Thursday, TRUMP is trading at a record low as its two-month downtrend continues. A bearish near-term bias remains in place, with the token well below its 50- and 200-day Exponential Moving Averages (EMAs), at $1.7806 and $2.3075, respectively.

A long-term resistance trendline linking the August 29 and November 1 highs continues to cap TRUMP near $1.7772. Daily closes have also remained below $1.3650, the previous record low established on August 13. These technical conditions leave room for further declines, likely towards the psychological threshold of $1.0000.

Persistent downside pressure is evident in the momentum indicators. The Moving Average Convergence Divergence (MACD) sits below both zero and its signal line, while the Relative Strength Index (RSI) reads 27, within oversold territory.

Any recovery would first encounter resistance at the descending trendline near $1.7772, with the 50-day EMA at $1.7806 providing additional resistance. Only a sustained advance above these levels would ease the prevailing bearish tone. Further up, the 200-day EMA at $2.3075 remains a substantially higher structural barrier.

(The technical analysis of this story was written with the help of an AI tool. Know more.)