The Super Trump price has pumped 9% in the last 24 hours to trade at $0.009674 as of 3:20 a.m. EST on a 26% surge in trading volume to $1.2 million.
The Super Trump (STRUMP) price experienced a notable surge on October 17, with a 9% gain over the past 24 hours. At 3:20 a.m. EST, STRUMP was trading at $0.009674, fueled by a 26% surge in trading volume, which reached $1.2 million.
This price movement comes amidst a technical breakout, as STRUMP had been charting within a bearish channel, characterized by lower highs and lows. However, a recent price surge has broken out of this channel, indicating a shift towards a more bullish trend.
According to the STRUMP/USD chart, the crypto experienced a sharp rise, followed by a bearish channel, indicated by lower highs and lows. This downtrend continued for several months, with STRUMP trading within the range of approximately $0.0079 to $0.015.
However, in October, the price broke out of this bearish channel, indicating a shift towards a more bullish trend.
After this breakout, STRUMP has been consolidating within the range of $0.008 to $0.0097, suggesting that the market is establishing a new direction. The next resistance level is around $0.015, and if the bullish momentum continues, the price may move even higher.
Technical indicators further support the bullish outlook, with the MACD line crossing above the signal line, indicating a continuation of upward momentum. The MACD histogram also shows increasing bullish momentum.
The RSI (Relative Strength Index), at 65.28, suggests that the asset is not yet overbought, leaving room for further Super Trump price gains.
Immediate resistance lies at $0.015, with the potential for further gains if the momentum is sustained. If the bullish trend continues, the upper boundary of the aforementioned bearish channel, around $0.02, could be the next key level of resistance.
Overall, STRUMP is showing strong bullish signals after breaking out of the bearish channel, with key support around $0.008. Continued strength in the MACD and RSI indicates further upward potential in the near term.