The post TRUMP Price Climbs 10% as Market Cap Nears $6 Billion appeared on BitcoinEthereumNews.com.

TRUMP’s price has risen 10% in the past 24 hours but remains 20% lower over the past week, maintaining its reputation as one of the most hyped meme coins ever. Its market cap currently sits at $5.9 billion, significantly down from its peak of nearly $15 billion on January 19. Technical indicators, including RSI and CMF, point to stabilization, with momentum shifting toward neutral territory as buyer interest picks up. Key resistance and support levels will play a crucial role in determining if TRUMP can regain its upward momentum or face further declines. TRUMP RSI Is Currently Neutral TRUMP Relative Strength Index (RSI) has risen to 50, up from 40 just a day ago. That indicates a shift toward more neutral momentum after a period of bearish pressure. The increase suggests a growing balance between buying and selling activity, potentially signaling stabilization in its price movement. TRUMP RSI. Source: Dexscreener The RSI is a momentum indicator used to measure the speed and magnitude of price changes. It ranges from 0 to 100, with values below 30 indicating oversold conditions. Values above 70 signal overbought conditions, and around 50 reflect neutral momentum. With TRUMP RSI currently at 50, the coin is neither overbought nor oversold. That suggests the potential for a directional move depending on whether buying or selling pressure dominates next. TRUMP CMF Is Still Negative, But Rising Fast TRUMP Chaikin Money Flow (CMF) has improved to -0.08, rising significantly from -0.37 just two days ago. This upward movement indicates a reduction in selling pressure and hints at increasing capital inflows, though overall outflows still slightly outweigh inflows. TRUMP CMF. Source: Dexscreener The CMF is a technical indicator that measures the flow of capital in and out of an asset, using a volume-weighted average of accumulation and distribution. Positive values…

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Filed under: News - @ January 29, 2025 12:20 am