- The STRUMP crypto price dropped over 15% in the last seven days.
- The current price reflects a 10.65% decline during the intraday trading session.
- 24-hour trading volume has also declined 31.12%.
Super Trump (STRUMP) pays homage to the political legacy of the 45th president of the United States, Donald Trump. The Super Trump coin aims to support Trump’s principle of government and free-market economics by creating a digital asset ecosystem. While talking about the STRUMP crypto, the coin received a lot of support from community members and investors since its official launch.
Will Buyers be Able to Eliminate Sellers in the Current Phase?
The Super Trump crypto price has delivered positive returns for three consecutive months. The crypto collectively delivered over 500% of positive profitability to date. The aforementioned data shows the trust and support of investors, retailers, and community members on this project.
Conversely, the current price is performing 43.59% below the all-time high mark of $0.0316 level. Compared to the data from the last seven days, STRUMP underperformed the global cryptocurrency market by 30.30%. The community behind the Super Trump is 88% bullish today.
Supply and Valuation of the STRUMP Crypto
The maximum supply of the STRUMP token is capped at 2.60 Billion, of which 2.33 Billion has been created to date. The project has released 70.67% of tokens from the maximum supply in current circulation, which hardly stands above 1.83 Billion. Currently, the market cap stands at $33.66 Million, ranking 758th out of 10,065 active cryptocurrencies.
Technical Analysis of the Super Trump (STRUMP/USD)
The bullish outlook reflects above the key exponential moving averages (EMAs). Currently, the price rebounded the 50-day EMA from below, indicating the continuation of an uptrend.
STRUMP price has broken out of the $0.0239 resistance level. It reached the $0.0311 resistance and fell 60% to the $0.0122 demand zone. Afterward, the price reflected an almost 90% bullish rally to the $0.0221 supply level and is making a minor retest on the $0.0179 level. According to the price action analysis, the price reflects a bullish view in the current phase.
Moreover, the relative strength index (RSI) line had a death crossover with the SMA line, indicating the increasing selling pressure in the price. The RSI is moving at 47.93 below the SMA line.
Summary
Since May 2024, the STRUMP crypto price has shown massive growth. The cryptocurrency has recently created an all-time high mark and delivered over 500% positive returns in a short span. This shows the strong support and trust of traders and investors behind this project. At present, the price is making a minor retest and reflecting a bullish outlook for the price as per the price action.
Technical Levels
The immediate resistance for STRUMP was $0.0239 at the time of writing, while the $0.0122 level was the next support. The current price reflects a bullish view above the upper resistance. Likewise, a drop below the aforementioned support could lead to a price pullback to lower levels.
Disclaimer
The views and opinions stated by the author or any people named in this article are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.