The price of Super Trump has surged by 200% in the past 24 hours, trading at $0.01316, with a surge of 116% in trading volume to $17.7 million. STRUMP’s price increase may be a result of its recent launch on Solana. It was announced on May 27 that in less than 24 hours, STRUMP’s market cap has reached nearly $4 million, with a trading volume of nearly $1 million.
Additionally, the project has attracted investor interest because of Trump’s recent positive comments about cryptocurrencies, which the former president was more vocal about during his presidency.
SuperTrump (STRUMP) is the best performing cryptocurrency in terms of price over the past 24 hours. While the coin saw explosive growth on May 28 and early May 29, even approaching its all-time high, it corrected after reaching $0.02342.
The price quickly pulled back to the $0.01 support level before rising again. This behavior suggests that traders first pushed the price of STRUMP higher by buying it and then took profits, leading to a major correction.
Now, they are buying the dip, perhaps hoping to do it again. While this has driven up the project’s daily volume and price, it has also demonstrated the huge volatility and risk for inexperienced investors.
This conclusion is also supported by the performance of the project’s relative strength index (RSI), which stayed in the overbought area for about 24 hours before breaking down a few hours before the time of writing. After falling into the oversold area, it started growing again, indicating that traders are once again buying the token in large quantities.
Historically, such sharp rallies are always followed by equally sharp corrections as traders eventually take profits again at some point.
The project’s Bollinger Bands are also at their widest range in the past week, further indicating that trader interest is not only present, but demand is significant.
As for the price of the coin, it is likely to quickly rise back to the $0.02 resistance level, which rejected it last time. It remains to be seen whether STRUMP will be able to break through this barrier.
It is possible that buying pressure will be able to achieve this, but the past has shown that this resistance is quite strong, so traders should remember to remain cautious and monitor price performance closely. In addition, they should utilize all available tools and strategies to limit losses and maximize gains.
While the recent surge in SuperTrump has attracted many investors, there are other projects that have attracted much attention. One of them is Dogeverse, the world's first multi-chain memecoin, which will end its presale in less than five days.
Multichain Dior had one of the most successful presales this year, raising over $15 million. The presale will officially end on June 3 at 10am UTC, and users can claim their purchased tokens two days later on June 5.
Thanks to the coin’s multi-chain launch, users can choose to claim tokens on the blockchain of their choice, including Ethereum, Base, Polygon, BNB Chain, Solana, or Avalanche.
However, even though there are only a few days left until the presale ends, it’s still not too late to join in and buy Multichain Deo using ETH, BNB, USDT, MATIC, AVAX, SOL, BASE, or credit/debit card.
Considering the demand for the token, over 35 billion multichain deos staked, and launching on six chains simultaneously, it is not hard to imagine a major rally after launch. However, investors should remember that this is not a certainty and should do their own research before purchasing the token.
Please visit the official website of Multichain Dior for more information.
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