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The Seeker’s momentum after launch quickly faded. After topping around $0.067, Seeker’s price is now down around 70%, trading around $0.024. This decline killed much of the initial enthusiasm. While the symbol is still above its launch base, the price action shows that buyers are pulling back instead of defending the levels.
The main question is no longer a positive potential. It’s a question of whether Seeker can avoid another leg drop. At the moment, this result no longer depends on the bulls. It depends on the bears.
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The impulse and flow signals indicate that selling pressure is still prevalent
The first warning comes from cash flow.
On the 4-hour chart, Chaikin Money Flow (CMF) has been below zero since January 24th. CMF measures whether capital is flowing into or out of an asset using price and volume. A negative reading means money is leaving, not coming in.
Searcher has tried CMF was restored on January 26, but failed. Since then, the CMF indicator has continued to trend lower, indicating that buyers have not returned with confidence. Currently, the CMF indicator seems to be breaking an upward trend line, which, if confirmed, could be detrimental to the price of the finder.
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Short-term momentum highlights this weakness. On the hourly chart, Seeker did a slight high Between January 26 and 27, but the RSI indicator recorded a lower high.
The Relative Strength Index (RSI) measures the strength of the momentum. When the price rises, but the RSI weakens the number, it indicates that the buying pressure has subsided. This bearish divergence explains why recent rebounds have not lasted.
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Together, weak CMF and RSI indicate that trend pressure is still active.
Spot data shows no accumulation as price approaches risk levels
Data on the chain reinforces a bearish setup. In the last 24 hours, exchange balances have increased by 5.31%, bringing the total number of Sugar tokens held on the exchange to 467.08 million tokens. This is equivalent to approximately SEK 23.6 million moving to the stock exchanges.
When tokens move on exchanges, it usually indicates an intention to sell. Meanwhile, smart money shares are down about 4%, which does not show a noticeable reduction in buying or rebounding.
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In simple words, the immediate demand is lacking. This is important because Seeker is now approaching the levels where buyers would normally intervene after a nearly 70% correction from launch highs. Under normal circumstances, bulls defend this area. But they don’t show up.
Because stalactites derived now decide if the price collapses researchers
Here the story turns. With the absence of immediate buyers, the only remaining force capable of stopping the collapse is negative leverage.
The liquidation chart shows the places where supported traders will be forced to close positions. Liquidations can lead to strong price movements, even without real demand. Leverage means that traders borrow to increase the size of positions, which increases the risk of liquidation.
In Bitget’s 30-day perpetual SKR/USDT market, there is about $3.06 million in short leverage, compared to about $1.49 million in long leverage. This means that bearish positions dominate by more than 100%.
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if The price of SKR has rebounded Around $0.030, about $1.2 million in short positions start to be liquidated. This could put pressure on shorts, forcing bears to buy back SKR and push the price higher.
But this distinction is crucial. A short sentence is not an optimistic conviction. It’s a forced purchase.
If the bears are not trapped, the Seeker could slide for $0.019 and lead to a 17% collapse path. If the bears are trapped, liquidation may be the only thing that temporarily saves the price. That is why Sikar no longer depends on bulls.
