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The Super Trump Coin price has slumped 15% in the last 24 hours to trade at $0.006035 as of 3:25 a.m. EST on a 343% pump in trading volume to $4.7 million.
The STRUMP price plunge comes as podcasting star Joe Rogan publicly endorsed Donald Trump after he interviewed Elon Musk and agreed with his rationale for supporting the Republican nominee.
Also, for the record the Harris campaign has not passed on doing the podcast. They offered a date for Tuesday, but I would have had to travel to her and they only wanted to do an hour. I strongly feel the best way to do it is in the studio in Austin. My sincere wish is to just…
— Joe Rogan (@joerogan) October 29, 2024
Rogan announced the endorsement, sharing his recent interview with Musk and calling Musk’s argument for Trump the “most compelling case” he’s heard. Trump later announced Rogan’s endorsement during a rally in Pittsburgh.
Super Trump Coin Price Readys For Bullish Rally
The STRUMP/USD price action shows key price movements and technical indicators, indicating that the asset is at a crucial turning point.
For several months, the price was locked in a steady downtrend within a bearish channel, with descending trendlines acting as resistance and support. This setup indicated ongoing downward pressure until early October when the price finally broke out of the channel. While this breakout hints at a potential shift in sentiment, it hasn’t yet led to a strong upward trend.
The price later entered a consolidation phase around the $0.00588 support level, an accumulation period, indicating the price moving sideways without making major highs or lows.
The chart also includes the 50-day $0.0067 and 200-day $0.0082 simple moving averages, which currently sit above the price. Trading below these levels indicates a bearish long-term trend for the Super Trump Coin price, as moving averages can act as a dynamic resistance.
However, if the price breaks above these levels, it would be a strong bullish signal, possibly flipping the moving averages into support and helping drive the price higher.
STRUMPUSD Analysis Source: Dextools.io
However, the MACD indicator indicates a bearish setup, with both the MACD line and the signal line sitting below the zero line, consistent with the recent downtrend. Yet, the MACD histogram shows a slight upward movement, hinting that bearish momentum may weaken. If the MACD forms a bullish crossover, it could be an early sign of a trend reversal.
The RSI is currently at 42.24, below the neutral 50 level but not yet in the oversold zone. This reading suggests some mild bullish potential, especially if it begins trending upward and breaks above the 50 mark. Such a move would confirm a bullish shift even more.
If the price breaks out of this consolidation zone with steady buying pressure, the target price is around $0.02, which aligns with past resistance points.
However, reaching this target would require overcoming resistance at the 50-day and 200-day moving averages, which could be a hurdle if buying momentum doesn’t pick up.
FreeDum Fighters Blasts Past $425K – Next Crypto To Explode?
While the Super Trump Price finds a footing for a bullish rally, investors looking for alternative opportunities are rushing to buy the PolitiFi token FreeDum Fighters ($DUM), a satirical meme coin project that capitalizes on the hype surrounding the US election.
Analyst and YouTuber Jacob Bury, who has over 43k subscribers, considers DUM one of the best meme coins to buy now in preparation for the upcoming meme coin supercycle.
The project, which has already raised more than $425k, offers investors a blockchain version of the showdown between Donald Trump and Kamala Harris.
On joining, investors are asked to vote (stake) their DUM tokens for either MAGATRON or Kamacop 9000. MAGATRON currently provides a 280% annual return for its supporters (stakers), while Kamacop boasts a stunning 756%.
Additionally, $DUM holders can engage in lively debates and earn rewards based on the performance of their chosen candidate.
You can buy $DUM tokens using ETH, BNB, USDT, USDC, or SOL for $0.000065 each. Don’t delay your purchase because a price increase is scheduled in about 4 hours.
Visit the official FreeDum Fighters website to buy $DUM tokens.
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