SuperTrump Coin Price Prediction: Crypto Market Responds to US Political Dynamics

Bittime - Former President of the United States, Donald Trump, had a failed assassination attempt on July 13. This event has triggered price fluctuations in various political meme coins, namely SuperTrump Coin. So, what is the SuperTrump Coin price prediction? Check out the review!

About SuperTrump Coin (STRUMP)

Super Trump Coin (STRUMP), one of the crypto assets inspired by Donald Trump, experienced quite significant price fluctuations. STRUMP is currently trading at $0.015 (Rp. 253). 

This memecoin experienced a significant increase of 26.7% in the last 24 hours. However, trading volume decreased by 45.54%, indicating doubts among investors.

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STRUMP recorded an increase of 38.2% in the last seven days. This shows that positive sentiment towards Trump is still quite strong among his supporters, despite the various controversies surrounding him.

Immediately after the Trump shooting incident, the crypto market reacted quickly. Several political meme coins from the PolitiFi platform saw sharp spikes. MAGA rose 52%, TRUMP soared 54%, STRUMP skyrocketed 62%, and TREMP recorded a fantastic increase of 94%. 

However, this euphoria did not last long. Investors started taking profits, causing STRUMP's price to correct again and almost erasing all its profits.

SuperTrump Coin Price Prediction

Technical analysis shows that STRUMP is attempting a recovery within a one-day time frame. However, holders of these coins are still in an uncertain position. 

The Relative Strength Index (RSI) indicator is still struggling to break through the 50 level, while the Moving Average Convergence Divergence (MACD) is above its signal line, indicating that buyer momentum is still stronger than selling pressure.

Analysts predict several scenarios for STRUMP's future price movements. If the bullish trend continues, STRUMP has the potential to break the upper limit of its trading channel. 

The nearest target is the 38.2% Fibonacci retracement level at $0.01117 (Rp 180). However, to confirm the long-term uptrend, STRUMP needs to break the 50% Fibonacci level of $0.02158 (Rp 349).

For more cautious traders, it is recommended to wait for a breakout and close above the 61.8% Fibonacci level, namely $0.02623 (Rp. 424.9). If successful, STRUMP has the potential to continue increasing to the 78.6% Fibonacci level at $0.03285 (Rp. 532.2). In a very optimistic scenario, the price could touch the top of the market range at $0.04129 (Rp. 668).

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This phenomenon once again shows how volatile the crypto market is, especially coins that are closely linked to political dynamics. Observers advise investors to remain vigilant and conduct in-depth analysis before investing in digital assets that are highly vulnerable to sentiment and external events.

Latest Super Trump (STRUMP) Price Movement

Following volatile political dynamics, Super Trump Coin (STRUMP) price movements continue to attract the attention of investors and crypto market observers. Based on the latest data from CoinMarketCap, STRUMP shows a significant positive trend in the last 24 hours.

At this time, the price of STRUMP is at the level of $0.014988 (Rp. 242.8), recording an impressive increase of 21.18% in a day. This price spike was followed by an increase in trading volume which reached $6,496,602 (Rp. 105.2 billion), indicating great interest from traders in this digital asset.

STRUMP's market capitalization has now reached $27,538,253 (Rp. 446.1 billion), placing it in 720th place on the global crypto asset list. The current number of STRUMPs in circulation is 1,837,382,589 coins, with a maximum supply set at 2,600,000,000 coins.

This significant price increase attracted the attention of many parties, considering the high volatility that is usually characteristic of political meme coins. 

Analysts suspect that this surge could be the market's response to the latest developments in Trump's legal cases or speculation surrounding his role in the upcoming US presidential election.

However, experts still remind investors to be careful. Even though short-term trends look positive, the crypto market, especially for coins closely linked to political figures, is highly susceptible to sudden changes. 

Factors such as developments in Trump's legal cases, his political statements, or even his tweets can have a big impact on the price of STRUMP.

Meanwhile, the Trump support community in the crypto world sees this price increase as an indication of strong support for the former president. They hope that this positive trend can continue along with developments in the political situation in the United States ahead of the 2024 presidential election.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

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