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The Super Trump price is up 35% in the last 24 hours to trade $0.004866 as of 2 a.m. EST, ranked 8th among the most popular cryptos on CoinMarketCap.
Snap | Source: CoinMarketCap
Super Trump Price Prediction: What Do the Charts Say?
If we analyze the price charts of Super Trump, we see that 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, indicating that selling pressure on the price level remains significant. We could see a pullback to previous support levels if selling pressure remains consistent.
Looking at the technical indicators, we see that the Money Flow Index (MFI) is at 88.39, which is the overbought area. This could mean that the Super Trump market becomes overextended to the upside, and a pullback or consolidation could follow.
The Moving Average Convergence Divergence (MACD) shows the blue line crossing the orange signal line, generally suggesting bullish momentum. However, given the proximity to the resistance zone and the high MFI figures, the bullish momentum could lose momentum.
This is evident from the MACD histogram, which shows decreasing green bars, indicating a decrease in bullish momentum.
If the Super Trump price can remain above the support level and the MFI retreats from the overbought level without a significant price correction, another attempt to break the resistance zone could be possible.
Conversely, if the price falls significantly below the support level on a rise in volume, this would indicate a change in sentiment, which could lead to further declines.
2-hour STRUMP/USDT chart | Source: Trading view
Meanwhile, with the Super Trump price risking a pullback, Sponge V2 is another promising meme coin alternative that is among the best 5 best crypto presales for this year.
A promising alternative?
Sponge V2 promising buyers even bigger and better returns than its predecessor, Sponge V1, which soared 100x last year amid a bear market.
Based on its promising appeal, crypto analyst Jacob Bury says a 10x increase is possible after the token launches on other top exchanges soon.
The token’s lucrative staking mechanism offers aAn annual return of 164% on Ethereum and 343% on Polygon. More than 9.8 billion tokens have already been staked.
However, that’s not all. For a short time only, $SPONGE is offering a 100% bonus on V2 token sales. If you purchase $100 worth of $SPONGE, you will immediately receive an additional $100 worth of 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.
Do not forget, #SPONGERS! 🧽💦#SpongeV2 brings exciting practicality through our arrival #P2E game! 🔥
Get ready to earn $SPONSE tokens by playing the game and ranking on the leaderboard.
Stay tuned for more information! 🚀#MemeCoin #Crypto #Alts #100x pic.twitter.com/5aaLxGz8N1
— $SPONGE (@spongeoneth) March 22, 2024
With the Super Trump price heading towards a correction, those who missed the Sponge V1 pump may want to consider Sponge V2 as an alternative.
To purchase SpongeV2, visit the official website here with ETH, USDT or a bank card.
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