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Super Trump Price Plummets 12% Amid a 211% Surge In The Past 30 Days

The Super Trump Price (STRUMP) has dived 14% in the past 24 hours to trade at $0.0148 as of 04:01 EST. Despite the plunge, the token boasts a 179% surge in trading volume to $12 million.

As the crypto market faces a downward sentiment, Super Trump is showing resilience and a beacon of strength, boasting a 211% surge in the past month. The STRUMP token is trending on CoinMarketCap, featuring among the top three next to zkSync and Notcoin

The token is also celebrating a big milestone after surpassing 10k holders. 

Super Trump Coin is a pioneering cryptocurrency leveraging blockchain technology to pay homage to Donald Trump’s political legacy, who is campaigning to succeed President Joe Biden in November’s elections. 

Super Trump Statistical Data

  • Super Trump price now – $0.0148
  • Super Trump market cap – $27.01 million
  • Super Trump total supply – 2.34 billion 
  • Super Trump circulating supply – 1.84 billion 
  • Super Trump  ranking – #787

The STRUMP price has faced resistance at around $0.03, enabling the bears to push the price downwards. However, the ongoing tug-of-war between the bulls and the bears has resulted in a bullish pennant formation, signalling potential upward momentum.

Despite a bearish dip to the $0.01148 level, the bulls have demonstrated resilience by returning from the $0.01584 support level. With increased momentum, the bulls should be able to push the price above the upper trendline of the pennant, initiating a bull rally.

Super Trump price
STRUMP/USD. Source: Dextools.io

Super Trump Price Technical Outlook 

The Super Trump price in the four-hour timeframe signals a bearish sentiment in the STRUMP market.

The position of the Relative Strength Index (RSI) below the mean level of 50 is concerning, currently at 36,  tilting the odds in favour of the bears. This suggests that selling pressure is intense. If bullish momentum strengthens, the RSI could climb higher, possibly above the 50 mean level. Such a move would allow the bulls to propel the price,  indicating increased buying interest, and further support STRUMP’s bullish scenario.

Worsening the Super Trump price outlook, the Moving Average Convergence Divergence (MACD) is not only in negative territory but also below the signal line (orange band). This means that the long-term moving average is above the short-term moving average, which typically indicates a bearish momentum in the Super Trump price.

On the other hand, the moving averages are giving mixed reactions. The Super Trump price is trading below the 50-day SMA but holds above the 200-day. This might give the bulls a chance to recover if they take advantage of the 200-day SMA to push the price above the 50-day, potentially initiating a bull rally.

Super Trump Price Prediction

The bulls are eyeing a rebound from the 200 SMA, which provides immediate support. For the bulls to take control of the market, the Super Trump price (STRUMP) must close above $0.02037, slightly above the 50-day SMA. This could initiate a bull rally, propelling the price to a new ATH at $0.0350 high.

If the $0.01584 support breaks, the Super Trump price could extend the fall toward the $0.00100 support psychological level. In a dire case, the downtrend could extend for the STRUMP price to test the $0.00463 psychological level.

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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.

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