- Summary:
- SUPER/USD Technical Analysis: Superverse price is looking very bullish after a major breakout on the weekly chart.
Superverse (SUPER) price has been up more than 200% in the last couple of weeks. The dramatic surge is driven by multiple bullish factors which I’ll be discussing in this quick update. At the time of writing, SUPER crypto was hovering just above $0.22.
Superverse was previously known as Superfarm which was launched in 2021 by one of the most influential personalities in the NFT space, Elliot Wainman, aka Ellio Trades. Since then, the project has come a long way. Its core features include the NFT marketplace Giga Mart and the upcoming social deduction game Impostors.
However, despite strong fundamentals and good development throughout the bear market, the ongoing surge is occurring due to the social media hype. More and more people are learning about the project as many influencers have started to mention it in their top picks for the gaming bull run.
The following SUPER/USD chart shows the price action of the pair on the 1W timeframe. It is evident that the price has just broken above the range highs of $0.22. However, this breakout needs to be confirmed by flipping the range highs into support.
