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The Super Trump Coin price has soared 25% in the last 24 hours to trade at $0.00298 as of 7:05 a.m. EST on a 48% plunge in trading volume to $2.4 million
Super Trump Coin Price Signals Bullish Reversal Ahead
The STRUMP/USD price action shows a shift in momentum following a long-standing bearish trend. The price had been moving within a clear bearish channel from mid-June to October, marked by lower highs and lower lows.
However, it recently broke out of this downtrend, indicating a potential change in sentiment. After this breakout, the price entered a consolidation phase around the $0.0030 level, where selling pressure appears to have been absorbed. This consolidation zone, highlighted in yellow, has acted as a support level and could signify an accumulation phase, where the price may be gathering strength for a potential bullish reversal.
STRUMPUSD Analysis Source: Dextools.io
STRUMP is trading at approximately $0.003009, suggesting buyers are beginning to regain control. A sustained move above the current level could confirm a bullish reversal, potentially targeting a price near the $0.0082 mark, where the 200-day moving average (MA) lies. The 50-day and 200-day MAs, positioned around $0.0066 and $0.0082 respectively, serve as crucial resistance levels.
The overall trend is still technically bearish since the price remains below both moving averages. However, a breakout above these averages would strengthen the case for an uptrend continuation.
Super Trump Coin Price Prediction
The MACD indicator shows a negative histogram, with the MACD line below the signal line, which currently signals bearish momentum. The MACD line is flattening, hinting at a possible bullish crossover. If the MACD line crosses above the signal line, it will reinforce the potential for upward momentum and a trend reversal.
Additionally, the RSI, currently at 31.21, is near the oversold territory, indicating that the Super Trump Coin price may have been oversold recently, inviting fresh buying interest. An RSI rise above 30 would further support the bullish outlook, indicating renewed buying pressure.
STRUMP has exited a bearish channel and found support at the $0.0030 consolidation zone, setting the stage for a potential reversal. The target price for this move could be around $0.0082, contingent upon the price breaking above the 50-day and 200-day MAs.
FreeDum Fighters Presale Nears $500k – Next Crypto To Explode?
As the Super Trump Coin price soars, PolitiFi token FreeDum Fighters (DUM) has stormed past $451k in its presale.
FreeDum Fighters is a unique project that combines humor, politics, and gamification to satirize the US election. It introduces two fictional candidates, MAGATRON and Kamacop 9000, who battle for “mechanized supremacy” in the blockchain version of the political showdown.
When you purchase $DUM tokens, you can cast a vote (stake) for either candidate: MAGATRON, a fervently patriotic character, or Kamacop 9000, a trailblazing feminist.
MAGATRON has tasked Dark Maga to take dismantle the Deep State 🔫
Starting with Kamacop and her waste of $1bn+ 👀 pic.twitter.com/OdFn8mfMHF
— FreeDum Fighters (@Freedum_Fighter) November 8, 2024
Currently, staking yields vary widely between the two: MAGATRON offers a huge 270% annual return, while Kamacop 9000 boasts a stratospheric 719% yield. The yields show that DUM holders have voted (staked) overwhelmingly for MAGATRON.
A tale that has now come to an end 🇺🇸
We have a victor and we have a loser. But Kamacop supporters are still cashing in with that high $DUM APY! pic.twitter.com/OF9GJuOEEC
— FreeDum Fighters (@Freedum_Fighter) November 7, 2024
$DUM holders can also back their chosen candidate in weekly online debates on the project’s social media sites. Community members are encouraged to support their favorite candidate, and those supporting the winning side receive a “secret airdrop” as a reward for their persuasive skills. Only staked voters qualify for these bonuses.
Prominent analyst and YouTuber Jacob Bury, with over 43k subscribers, says DUM can potentially surge 10X when it launches
$DUM will be available on multiple blockchains, including Ethereum (ETH), Binance Smart Chain (BSC), Base, and Solana (SOL).
You can purchase $DUM tokens on the official FreeDum Fighters website using ETH, BNB, USDT, USDC, or SOL for $0.00007 each.
Buy soon to ensure you own DUM before a price hike in less than 24 hours.
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