The Super Trump price has soared 25% in the last 24 hours to trade at $0.02273 as of 4:02 p.m. EST on a 43% surge in trading volume to $6.55 million.
STRUMP has also surged 409% in the past week and 437% overall, according to GeckoTerminal, raising its market capitalization to $45 million. STRUMP is also among the best-trending meme coins in the last 24 hours.
Top Memes Gainers in the Last 24H@Byte_Erc20 $BYTE@hoppycoinERC20 $HOPPY@catwifhatsolana $CWIF@TateStopMatrix $TME@SuperTrumpCoin $STRUMP@ben_dog_ $BENDOG@Andy_On_Sol $ANDY@TurboToadToken $TURBO@ponkesol $PONKE@MogCoinEth $MOG
Source: @CoinMarketCap pic.twitter.com/d26dPD0q65
— Memecoin Degens (@memecoin_degens) June 10, 2024
The Super Trump coin is a pioneering cryptocurrency that uses blockchain technology to honor the political legacy of Donald Trump, the 45th President of the United States.
Trump has made waves in the crypto world with his strong support for Bitcoin and the broader market. He has publicly committed to advocating for crypto and promoting supportive regulations. Additionally, Trump has accepted crypto campaign donations and looked into using Bitcoin to address national debt issues.
Trump now faces the possibility of prison time or probation for his involvement in a hush money payment scheme leading up to the 2016 presidential election. This includes 34 felony counts of falsifying business records.
Super Trump Price Bulls Faces Rejection
The STRUMP price hit resistance, causing the bulls to pull the price down from the neckline support. However, they’ve since regained control, pushing the price up within a rising channel, indicating a potential shift to a bullish trend. Increased momentum should push the price to a new ATH for TRUMP
This pattern might help the bulls drive the price up to the key resistance level of $0.02928.
STRUMPUSD Analysis. (Source: Tradingview)
The bulls are resilient, bouncing back from the $0.01120 support level. However, they’re facing resistance around $0.02407, allowing the bears to push the price down.
Technical indicators are looking bullish. The price trades above the 50 and 200 Simple Moving Average (SMA), supporting the upward trend and boosting market sentiment. Moreover, the moving average crosses may further catapult the price higher, allowing the bulls to push the price above the 200 SMA.
Additionally, the MACD has moved into bullish territory, with the blue line crossing above the orange line, indicating positive momentum. The histogram bars are also positive, adding to the bullish sentiment.
However, the Relative Strength Index (RSI) shows indecision in the STRUMP market, hovering around the neutral level of 50, which suggests that neither the bulls nor the bears are in control. Similarly, the Awesome Oscillator (AO) is flashing green but still in negative territory, reinforcing this uncertainty.
Super Trump Price Bulls Poised To Reclaim ATH
The bulls have bounced back on the 200 simple moving average, which is acting as immediate support for the price.. Specifically, the Super Trump price needs to close above $0.02467 before the token becomes an attractive buy again.
If this happens, the resulting buying pressure could push the token higher, continuing the upward trend. This could drive the Super Trump price to reclaim the $0.02928 high.
However, if the bears continue to act on the correction, they could force the price to the $0.01729 support zone, which coincides with the 50SMA.
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 $0.01132.
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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.
