TRUMP Price Turns Bearish After 72% Crash From All-Time High
Trump Price continues its downward trajectory and currently trades nearly $ 21, which has previously dropped by about 72 %. In the past 24 hours, the cause coin has dropped by 9 %, and its losses have been expanded to nearly 30 % within a week.
In the past two weeks, Trump has lost a market value of nearly $ 10 billion in the past two weeks, which reflects continuous sales pressure. As a technical indicator RSI CMF is still very weak, and the cause of coins is facing important testing to determine whether it can restore the amount of momentum or the shortcomings of further adventure.
Trump RSI shows that although the seller has been restored recently, the seller is still in control
trump card RSI is currently 31.68, with a 50 -point of 50 points in the past 7 days, and the lowest low on February 1 is 19.8. The longer RSI shows that due to the efforts of tokens’ efforts to work hard for meaningful and meaningful momentum, the continuous sales pressure is continuous sales pressure recovery.
The sharp decline in 19.8 highlighted the extreme loser feelings, although the recent recovery to 31.68 means a bit stable. However, people who cannot cross 50 have shown that the power of watched the bullish is still limited, causing Trump to be in a fragile position.
Relative intensity index (RSI) is a dynamic oscillator, which can measure the speed and amplitude of the price movement, from 0 to 100.
The above reading 70 indicates excessive conditions and indicates possible correction, and the readings below 30 indicate that the asset is oversold and may start the rebound.
and trump card RSI is hovering above the territory of 31.68, but it is still lower than the level 50, indicating that the seller continues to occupy the dominant position.
In the past week, 50 cannot be recovered, which has exacerbated the prospect of loser, because it reflects the lack of continuous purchase pressure that changes market sentiment.
CMF is currently at a very low level
Trump CMF is currently -0.23, in a negative field for the third consecutive day. Yesterday, its historical lowest point was -0.27, reflecting a large amount of capital outflows.
This continuous negative reading indicates that the sales pressure has exceeded the purchase interest and traded at a lower price.
Although it is slightly restored to -0.23, it is a bit stable, but the overall trend is still falling, indicating that trump card We are trying to attract consistent liquidity flow.
Chaikin currency flow (CMF) is an indicator that measures the accumulation and distribution of capital according to the price and quantity during the specified period. Its scope is -1 to 1, which indicates that strong purchase pressure and negative values indicate continuous sales pressure.
-0.23 CMF reads means that the seller is controlling, because the number flows from Trump is more than the number of flows. Given that CMF has maintained negative within three days, the lowest level has recently reached the history of history, which indicates that weak demand and lack of continuous purchase support may be maintained. Trump’s price Under pressure in the short term.
Trump price prediction: future correction?
this Trump Model due to coins The current transaction price is close to $ 21, facing a key resistance of $ 24.58. As one of the most popular people Coin Once launched, the revival of momentum may make breakthroughs beyond this resistance.
If the purchase pressure is strengthened and restored to the rise, the test of $ 24.58 may become a situation.
The successful breakthrough exceeding this level may trigger further room for rise. As traders use new enthusiasm, it may lead to a test of $ 30.47 in the short term.
On the other hand, if Trump’s price It is impossible to establish an upward trend, the seller keeps control, and the downward pressure may be intensified. Lack of purchasing power may reduce the price, while the price of $ 18.56 is the next main support level.
If the deepening of the loser and the number is conducive to the seller, then the price of Trump may fall below this level, thereby opening the possibility for further shortcomings.
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