The Trump Coin price continues to decline and declined by 72 %of the summit level, currently trading around $ 21. Breast Coin, which lost 9 %in the last 24 hours, lost almost 30 %on a weekly basis.

Trump Coin RSI data shows that sellers are still dominant

In the last two weeks, Trump experienced a decrease of approximately $ 10 billion in market value. While technical indicators maintain the weak course of RSI and CMF, Trump is at a critical point where Trump can gain acceleration or face the risk of further fall.

Trump’s relative power index (RSI) is currently 31.68 and has been below 50 for the last seven days. The fall to 19.8 on February 1 shows that extreme sales pressure in the market is dominant.

RSI’s descent to 19.8 emphasizes the excessive decline tendency, while recovering up to 31.68 shows that it provides some stability. However, the inability to exceed the 50 level reveals that the receiving power is still weak and that Trump is in a fragile position.

The RSI is an indicator of momentum ranging from 0 to 100, and usually values ​​over 70 indicate excessive intake and values ​​below 30 indicate the excessive sale zone. Currently, the RSI value of Trump is close to the over -selling zone with 31.68, but is still below the 50 -neutral 50 level. This shows that sellers are still dominant.

CMF data shows that the decrease pressure is strong

Trump’s Chaikin Money Flow (CMF) indicator is currently at -0.23 and the third day is located in the negative area in a row. Yesterday, with -0.27 reached the lowest level of all time and showed that capital outlets increased.

CMF in the negative area, indicates that sellers suppress buyers. Despite a small recovery, the general tendency shows that Trump has difficulty in liquidity entrances.

The CMF indicator is a indicator that measures the capital flow within the market based on the price movements of an asset and the transaction volume. It offers values ​​ranging from 1 to -1. Positive levels show print pressure and negative levels show sales pressure. As long as Trump remains at -0.23 CMF value of Trump, it is possible to say that sales pressure outlines.

Trump Coin Price Estimation: Can there be more corrections?

Trump is currently trading at $ 21, and the critical resistance point stands out as $ 24,58. If the purchase pressure is strengthened and Trump wins upward momentum, it can test the $ 24,58 level.

It is estimated that the price may rise up to $ 30.47 in the event of a successful breakage above this level. This is considered a scenario that can be formed by re -interest of investors.

However, if the Trump price cannot create an upward trend and the sellers continue to control the control, the drop pressure may increase. If there is not enough interest, the price may decrease to $ 18.56. If the decline tendency persists and the sales volume increases, Trump may move towards lower levels.