The Super Trump Coin Price Plunges 7% In A Week As Kamala Harris Election Victory Odds Surge And This Olympics ICO Races Towards $1 Million
The Super Trump Coin price plunged 7% in a week after climbing a fraction in the last 24 hours to trade at $0.005758 as of 00:45 a.m. EST on trading volume that plunged 79% to $968K.
This comes as Polymarket bettors push the odds of Kamala Harris winning the November election to 49% in a dead heat with Donald Trump, whose chances of winning have slumped from around 70% in mid-July.
In the meantime, Harris’ team has started reaching out to the crypto industry, with crypto becoming a key part of the election discussions over the past few months.
Super Trump Coin Price Gears Up For A Bullish Rally
The Super Trump Coin price has been on a downtrend in the last two weeks, dropping from $0.0159 along the falling channel pattern to the $0.0041 support, according to data from GeckoTerminal .
The support within the lower boundary of the channel has allowed the bulls to stage a bullish trend reversal, with the price of the Super Trump Coin now trading within the upper boundary of the channel.
Moreover, the Relative Strength Index (RSI) is rising from the oversold region, currently at 51 and climbing, a signal that the asset is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) is also trading up as it breaches the neutral line, an indication that the asset is on an uptrend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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