- The Super Trump crypto price has reflected over 480% upsurge during the weekly trading session at press time.
- The STRUMP/WETH cryptocurrency pair shows the higher trading volume and liquidity on Uniswap V2.
- This crypto’s trading volume has increased 22.36% in the last 24 hours.
Super Trump (STRUMP) is an open-source cryptocurrency created to pay homage to Donald Trump’s political legacy. It aims to support Trump’s principles by creating a digital ecosystem with STRUMP coin. This crypto gained massive attention from buyers in May 2024 after experiencing negative remarks in March and April 2024. The bulls are on the run in the current month.
How Far Can Buyers Ride STRUMP Crypto?
The Super Trump crypto price has shown a tremendous rise in May 2024. It reflected over 300% positive profitability during that period. It shows the community’s sentiments behind this cryptocurrency. Unlike other cryptocurrencies, memecoins are highly driven by fans and communities.
That makes investors cautious about their investments. However, the STRUMP price is trading in a blue-sky zone with over 100% returns in the current month. The community behind this memecoin reflects 89% bullish sentiments today. It also outperformed the global cryptocurrency market and the Ethereum ecosystem.
Price to Volume and Social Dominance Analysis
The social dominance of Super Trump has not reflected any rise in recent sessions. Conversely, the price and trading volume experienced a strong surge after May 2024, which indicates the market participants are increasing in the current sessions.
Technical Analysis of the Super Trump (STRUMP/USD)
The short-term outlook reflects a bullish view above the key exponential moving averages (EMAs). The current price is strongly moving above the 50-day and 200-day EMAs, indicating a solid uptrend.
The STRUMP price has given a breakout of the $0.0248 resistance level on June 2, 2024. Afterward, the price reached the $0.0307 resistance level and made a minor retest on the key $0.0197 level. In the last three trading sessions, the price formed strong bullish candles with a 30% upsurge, indicating the buyers don’t want to give up in the current phase.
The relative strength index (RSI) showed a bullish momentum when writing. However, an internal bearish divergence could be seen in the momentum, which indicated increasing selling pressure. The RSI was at 70.01 above the SMA line at press time.
Summary
The Super Trump crypto has experienced a massive rise in price after May 27, 2024. The memecoin price has surged over 500% since then and is surging to date. The price is trading at $0.0268 at press time, reflecting a bullish view for the upcoming sessions.
Technical Levels
The immediate resistance for the STRUMP price was $0.0307 at the time of writing, while the $0.0158Â level was the next support. The price may surge further above the upper resistance. However, the price may also make a retest to the mentioned support level.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.