The Super Trump Price Escapes a Negative Channel: Levels To Watch

The Super Trump price was able to escape a negative price channel over the past 24 hours. It has since entered into a consolidation phase between $0.012460 and $0.014560. This sideways trading could be the build up to a strong move.

If this move is towards the upside, STRUMP could flip the $0.014560 resistance level into support. Thereafter, bulls might continue to exert pressure on the Super Trump price. With this potential buy volume, the meme coin could climb to the next major barrier at $0.015995 before potentially rising to as high as $0.017430 in the short term.

This bullish thesis might be invalidated if the Super Trump price drops below the $0.012460 support level within the coming 24 hours. In this alternative scenario, STRUMP could drop to the next technical crutch at $0.011225 in the following couple of days.

Technical indicators on STRUMP’s 4-hour chart warn that the Super Trump price is losing some of its bullish steam. More specifically, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are showing negative signs. #strump #TrendingPredictions #BullorBear #altcoins #MemeWatch2024
The full analysis was originally posted on ecoinimist.com.