The super Trump price has surged 22% in the last 24 hours to trade at $0.02842, on a 67% surge in trading volume to $22.95 million.
Super Trump Price Surges on Trumps Endorsement on Crypto
STUMP has also increased 590% in the past two weeks alone, increasing its market capitalization to $66.7 million.
Though not affiliated with Donald Trump, the Super Trump coin stands out as a groundbreaking cryptocurrency that leverages blockchain technology to pay tribute to the political legacy of Donald Trump, the 45th President of the United States.
A portion of transaction fees is directed straight to a wallet held by the Trump campaign team. It’s significant that the former U.S. president has embraced cryptocurrency and is even open to accepting crypto donations.
BREAKING: 🇺🇸 Donald Trump becomes first American President to accept #Bitcoin Lightning payments for campaign donations ⚡️ pic.twitter.com/3lERakV64p
— Bitcoin Magazine (@BitcoinMagazine) June 2, 2024
Donald Trump’s endorsement of crypto and willingness to accept crypto donations carry considerable weight. He has expressed intentions of making the country a leader in crypto, even mentioning the possibility of freeing Ross Ulbricht, who was indicted for his involvement in Silk Road, if re-elected.
Super Trump Price Bulls Poised for a Bull Rally
The price of STRUMP suggests a bullish outlook within a rising channel, having emerged from a lengthy consolidation phase around the $0.004080 support level. Despite facing resistance, which could hint at a shift towards a bearish trend, the bulls appear determined to push the price higher.
STRUMPUSDT. Source: Tradingview
The bulls are displaying resilience, bouncing back from the $0.01120 support level. However, they’re encountering resistance around $0.02407, which is allowing the bears to push the price down.
Technical indicators are looking optimistic. Currently, the price is trading above the 50 and 200 Simple Moving Averages (SMAs), which provide immediate support to the STRUMP price. Furthermore, the moving average cross at $0.04569 supports the overall market sentiment and boosts market confidence.
The MACD indicator is also bullish, with the blue line crossing above the orange line, indicating positive momentum. Additionally, the histogram green bars are increasing, further reinforcing the bullish sentiment.
The Relative Strength Index (RSI) indicates indecisiveness in the STRUMP market, hovering around the overbought region of 70 above the neutral level of 50, suggesting neither the bulls nor the bears are in control.
Super Trump Price Bulls Continues The Bull Rally
The 50 SMA has given the bulls a platform to catapult the price to a high of $0.03078. If the momentum continues, the bulls’ hind wings will have a chance to fly the price higher, continuing the upward trend. This could drive the Super Trump price to reclaim the $0.04345 high.
However, if the bears regain momentum, they could force the price down to the $0.02150 support zone, coinciding with the 50 SMA.
A close below this level in the four-hour timeframe could trigger more sell orders, potentially driving the price to the market range’s bottom at $0.01205 near the lower trendline of the rising channel.
🚨 MAJOR NEWS! 🚨
Looks like GROK has something to say about #STRUMP too… Check out the picture in the post for details! 👀#STRUMP is being recognized worldwide as we dominate this bull market. 🌍
🇺🇸TRUMP FOR PRESIDENT! 🇺🇸#SuperTrump #STRUMPARMY #MAGA #MAGAKILLER pic.twitter.com/Mj14uON1rQ
— Super Trump Coin (@SuperTrumpCoin) June 3, 2024
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
