The Super Trump price plunged over 13% in the past 24 hours to trade at $0.008361 at press time.

With this latest drop, the STRUMP price is more than  28% in the red over the past 7 days. Its monthly performance was also nudged to below -51%.

The Super Trump Price Nearing Support

4-hour chart for STRUMP/USDT (Source: TradingView)

The Super Trump price is approaching the key support level at $0.005851. Should it break below this technical crutch, it could be at risk of falling to the next crucial price point at $0.002795.

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On the other hand, STRUMP remaining above $0.005851 for the next 24 hours might invalidate the bearish thesis. In this alternative scenario, the meme coin could attempt to reclaim a position above the $0.011225 mark. A 4-hour candle close above this threshold might then give the crypto the foundation needed to potentially rise to as high as $0.014560.

Technical indicators on STRUMP’s 4-hour chart suggest the Super Trump price might keep falling in the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing negative signs.

Fresh Bearish Signs Warn of a Continued Drop

These indicators triggered major bearish flags throughout the past day of trading. During this period, the RSI crossed below its Simple Moving Average (SMA) line. Traders usually see this as a sign that sellers have gained the upper hand against buyers on the crypto’s chart.

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Meanwhile, the MACD line on the 4-hour chart dropped below the MACD Signal line. This technical occurrence, which took place in the last few hours, might indicate that STRUMP has entered a short-term negative cycle.

If these technical flags are validated, the Super Trump price could soon retest the critical support at $0.005851.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.