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Super Trump price soars 2% Following Its Listing On A Centralized Exchange

The Super Trump price has surged 2% to trade at $0.01289 as of 9:02 UTC. Its 24-hour trading volume has skyrocketed 80% to $7.32 million despite its plunge in market capitalization, which dived 1% to $23.5 million.

The increase comes as STRUMP obtains a listing on a new centralized exchange, Hibt.

Notably, the STRUMP token is in the spotlight, holding strong as one of the 1000 cryptocurrencies and taking the lead on coinmarketcap along with LayerZero. 

 The Super Trump coin is one of the evolving cryptocurrencies that use blockchain technology to pay homage to Donald Trump’s political legacy. 

Super Trump Statistical Data

Based on data from coinmarketcap,

  • Super Trump price now – $0.01289
  • Super Trump market cap – $23.2 million
  • Super Trump total supply – 2.34 billion
  • Super Trump circulating supply  –  1.84 billion 
  • Super Trump  ranking – #740

STRUMP continues to consolidate within a falling parallel channel. This indicates a bearish technical formation. Moreover, token holders will suffer losses if this pattern continues to govern the STRUMP/USD price chart in the four-hour timeframe.

However, the Super Trump price is attempting a recovery, holding above the support level of $0.01170. If the bulls are able to defend this level, conditioned by the Relative Strength Index (RSI), holding above the mean level of 50, markets could realize more gains.

The trendline is drawn from joining multiple swing low levels and highs between 10 June and 21 June, as shown in the 4-hour chart below.

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

STRUMP Technical Outlook

The market tilts the odds favouring the bears based on the outlook of the technical indicators. For starters, the Relative Strength Index (RSI) is subdued below the mean level of 50; currently, it sits at 41. In layperson’s language, if the RSI value is below the 50 threshold, it typically indicates that the cryptocurrency is in a downtrend. Further, this could signal that the market is in a period of consolidation, with selling pressure outweighing buying pressure.

Additionally, the STRUMP price is trading below the 50-day SMA and 200-day SMA, with $0.01609 and $0.01398 acting as immediate technical barriers. However, if the bulls show resilience and push the price towards the 200-SMA, it could act as immediate support, enabling them to propel the price to higher levels. 

On the other hand, the MACD (Moving Average Convergence Divergence) indicator hovers in the negative territory, cementing the bearish outlook. When the MACD line(Blue) is below the signal line(Orange), it suggests that the short-term trend momentum is negative. This indicates the potential for further downward movement in the price. However, the MACD is showing signs of recovery as it is hurtling to cross above the orange band.

Super Trump Price Prediction: Will The Bulls Break Above the Upper Boundary Of The Falling Channel? 

If the bulls have their way, the Super Trump price could move above the 50-day SMA and reclaim a $0.03000 high. Moreover, if the RSI tilts towards the upper side above the 50-mean level, the bulls could use the 200-day SMA as their immediate support and break above the upper boundary of the falling channel. This could trigger a bull rally, causing the price to jump to around $0.03100.  

However, if the bearish momentum sustains, the Super Trump price could extend the fall toward the psychological support level of $0.00100. In a dire case, the downtrend could plummet the STRUMP price to test the psychological level of $0.004209.

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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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