The post Here’s Why STRUMP Is A Top Choice For Your Crypto Portfolio appeared first on Coinpedia Fintech News
With the US Presidential elections inching closer, public speeches and debates are heating up tensions. As the US masses will get their chance to settle the conflict between Republicans and Democrats shortly, the crypto market is already buzzing.
Polymarket, the biggest decentralized prediction platform, provides betting/prediction options over the presidential elections. On Polymarket, Donald Trump was leading when Joe Biden was the democratic candidate for elections. However, the playground has become equal-ish with Kamala Harris taking over the candidacy.
As of now, 50% of Polymarket’s prediction makers expect Kamala to win the race, with 49% expecting a Republican win with Trump. Although the platform reveals increased democratic chances, the social media-friendly Trump is hyped up in the crypto world.
With multiple tokens based on him, a new segment of PolitiFi tokens has emerged in the crypto space. Amid multiple coins, the Super Trump (STRUMP) token is likely to surge as the elections arrive. So, let’s take a closer look at the STRUMP token to understand why it can be a top choice in your portfolio.
Super TRUMP Price Performance
With a declining trend over the past few weeks, the STRUMP token price reveals a falling wedge pattern. Currently, the PolitiFi token takes support over the declining trendline and struggles for a bullish comeback.
With the buyers halting the downfall at the trendline, the STRUMP price recovery reclaims the $0.0050 psychological mark. Further, the morning star pattern formed over the trendline increases the bullish cycle chances.
Currently, the STRUMP price trades at $0.005787 with an intraday rise of 8.88%.
Technical Indicators:
RSI: The bullish cycle in the daily RSI line is picking up pace as it reversal from the oversold boundary line.
Is STRUMP A Good Investment?
While the downside risk is high, the returns for PolitiFi and meme coins are generally higher. Despite the intense correction for an 81% decline, the bullish breakout could easily recover the lost valuations under days. This remains one of the biggest pros of low-cap altcoins.
On the upside, the breakout rally could aim for resistance levels of $0.016 and $0.030.