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The Super Trump price has pumped 35% over the last 24 hours to trade at $0.004866 as of 2:00 a.m. EST to rank 8th among top trending cryptos on CoinMarketCap.
Snap | Source: CoinMarketCap
Super Trump Price Prediction: What Do The Charts Say?
Analysing Super Trump price charts, we notice it has recently retested a significant resistance zone, marked by the red horizontal lines at the top.
The Super Trump price is now retreating from this resistance zone, which suggests that the selling pressure remains significant at the price level. We could see a fallback to previous support levels if the selling pressure remains consistent.
Looking at technical indicators, we notice that the Money Flow Index (MFI) is at 88.39, which is the overbought territory. This could imply that the market for Super Trump may be overextended to the upside, and a pullback or consolidation might follow.
The Moving Average Convergence Divergence (MACD) shows the blue line crossing above the orange signal line, typically suggesting bullish momentum. However, given the proximity to the resistance zone and the high reading on the MFI, the bullish momentum might be losing strength.
This is evidenced by the MACD histogram, which shows diminishing green bars, indicating a decrease in bullish momentum.
If the Super Trump price can maintain above the support level and the MFI retreats from overbought levels without a significant price correction, another attempt to break the resistance zone could be possible.
Conversely, if it breaks below the support level significantly when increasing volume, it would suggest a change in sentiment, which could lead to further declines.
2-hour STRUMP/USDT Chart | Source: TradingView
Meanwhile, as the Super Trump price risks a pullback, Sponge V2 is another promising meme coin alternative that is ranked among the 5 top crypto presales for this year.
A Promising Alternative?
Sponge V2 promises buyers even bigger and better returns than its predecessor, Sponge V1, which soared 100X last year amid a bear market.
Based on its promising allure, crypto analyst Jacob Bury says a 10x surge is possible after the token is launched soon on additional top-tier exchanges.
The token’s lucrative staking mechanism offers an annual yield of 164% on Ethereum and 343% on Polygon. Over 9.8 billion tokens have already been staked.
That’s not all, though. For a short time only, $SPONGE is offering a 100% bonus on V2 token sales. If you buy $100 worth of $SPONGE, you’ll immediately receive an extra $100 in V2 tokens that can be claimed when Sponge V2 launches.
The project also plans to release a new play-to-earn crypto game that will be fun and valuable for users.
Don't forget, #SPONGERS! 🧽💦#SpongeV2 is bringing exciting utility through our upcoming #P2E game! 🔥
Get ready to earn $SPONGE tokens by playing the game and ranking on the leaderboard.
Stay tuned for more info! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024
With the Super Trump price now headed towards a correction, those who missed the Sponge V1 pump can consider Sponge V2 as an alternative.
Visit the official website here to buy SpongeV2 using ETH, USDT, or a bank card.
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