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The Super Trump Coin price plunged 7% in a week after climbing a fraction in the last 24 hours to trade at $0.005758 as of 00:45 a.m. EST on trading volume that plunged 79% to $968K.
This comes as Polymarket bettors push the odds of Kamala Harris winning the November election to 49% in a dead heat with Donald Trump, whose chances of winning have slumped from around 70% in mid-July.
In the meantime, Harris’ team has started reaching out to the crypto industry, with crypto becoming a key part of the election discussions over the past few months.
Super Trump Coin Price Gears Up For A Bullish Rally
The Super Trump Coin price has been on a downtrend in the last two weeks, dropping from $0.0159 along the falling channel pattern to the $0.0041 support, according to data from GeckoTerminal.
The support within the lower boundary of the channel has allowed the bulls to stage a bullish trend reversal, with the price of the Super Trump Coin now trading within the upper boundary of the channel.
Moreover, the Relative Strength Index (RSI) is rising from the oversold region, currently at 51 and climbing, a signal that the asset is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) is also trading up as it breaches the neutral line, an indication that the asset is on an uptrend.
According to the major indicators, including the RSI and MACD, the STRUMP price is on a bullish trend, as it aims to rise above the falling channel pattern. If the bulls succeed in pushing the token, STRUMP could soar over the channel, as investors target $0.015.
However, the Super Trump Coin price still trades below both the 50-day and 200-day Simple Moving Averages (SMAs). This is a signal that the bears could exert pressure on the price. In this scenario, STRUMP could retrace back to the $0.002146 support level.
Meanwhile, as the Super Trump Coin price dumps, so investors are pumping funds into the new Olympics-themed token The Meme Games (MGMES), which has raced past $346K in funds raised in its presale.
According to the 99Bitcoins YouTube channel, with over 706k subscribers, The Meme Games project could soar 100X after its launch.
The Meme Games ICO Raises Over $346K
The M͏eme Ga͏mes͏ is an ͏innova͏tive͏ pro͏ject tha͏t combines the excitement of the Olympics wit͏h t͏he fun world of͏ mem͏e coins͏. It offers cr͏ypt͏o e͏nthus͏iasts the chance to engage in Olympics-type games and win subst͏antial toke͏n bon͏uses.
The con͏c͏ept ͏r͏evolves aro͏un͏d popular me͏m͏e characte͏rs competing f͏or ͏go͏ld, mirroring th͏e spirit o͏f th͏e ongoing 2024 Olymp͏ics.
CRYPTO BREAKING NEWS
The Meme Games raises over $100K on opening day of presale. The Meme Games presale raises over $100K in its first 24 hours, capturing attention in the booming memecoin sector. #partnercontent check us out @ https://t.co/8dh137buUp pic.twitter.com/YwzyP2glE4— InnovatekMobile (@Neome_com) July 17, 2024
Participants can choose between Dogecoin, Pepe, DogWifHat, Brett, and Turbo and watch them compete for gold medals. Each token purchase lets buyers choose a meme athlete who might win additional tokens.
Selecting a meme athlete takes place randomly and is verified by blockchain technology, which ensures fairness. And each time you buy you have the chance to win a 25% bonus on your investment.
Token holders can also earn passively from the project’s staking mechanism by buying and staking $MGMES for an impressive percentage yield (APY) of 624%.
You can buy $MGMES tokens currently for $0.0092 each. Buy soon to lock in the best deal because a price hike will come in about 5 days.
To join the presale, buy $MGMES from the official website using ETH, BNB, USDT, or a bank card.
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