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MAGA price plunged 12% in the last 24 hours trading at $3.66 to 12:43 a.m. EST on trading volume that plunged 35% to $13.8 million.
MAGA price on a downtrend
The MAGA price chart shows an uptrend that has recently entered a corrective phase. The price showed a strong rise in mid-October, but resistance was encountered around the $5.0 level, according to data from GeckoTerminal. Since then, the situation seems to be correcting downwards.
MAGA price has now fallen below the 200-day simple moving average (SMA), but is still trading above the 50-day SMA, showing that TRUMP could see some upside in the near term.
Additionally, the Relative Strength Index (RSI) is at 42.05, which is in the lower half of the range but is not yet oversold. This neutral to slightly bearish level indicates slight selling pressure without being in oversold territory. A break below 30 would indicate oversold conditions, potentially a signal that a rebound or reversal could follow.
If the current downtrend continues, MAGA price could plunge even further to the $3 support zone, which now serves as a cushion against downtrend pressure.
Analysis of the TRUMPUSD chart Source: GeckoTerminal.com
However, if the bulls take advantage of the asset’s oversold in the near term, MAGA price could surge up to the $4.5 resistance zone.
Meanwhile, investors looking for opportunities in the PolitiFi segment of the crypto market might consider FreeDum Fighters ($DUM)a new project that exceeded $348,000 in funds raised during its pre-sale.
According to analyst and YouTuber Jacob Bury, with over 43,000 subscribers, DUM has the potential to grow 10x upon launch.
FreeDum Fighters Presale – The next crypto to explode?
FreeDum Fighters brings a playful and satirical touch to the American elections, and invites participants to a blockchain version of the confrontation between Donald Trump and Kamala Harris.
By purchasing DUM tokens, investors are invited to vote (stake) either for MAGATRON, a mechanized version of Trump, or for Kamacop 9000, representing Vice President Kamala Harris.
MAGATRON currently offers an annual staking return of 309% to its supporters, while Kamacop 9000 offers a dazzling annual return of 1,188%.
Ready for this year’s elections?
Get involved from the start by joining the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅
Vote by participating in $DUM pre-sale and using their bidding system to vote 🗳️
Make sure to follow this project, you won’t regret it.🔥🔥 pic.twitter.com/j452Rht1Lq
– Red (@Redlion35) October 17, 2024
$DUM holders can also participate in lively debates and earn rewards based on the performance of the chosen candidate. Community involvement is encouraged, with debates and social media activities rewarded with additional $DUM tokens.
Visit the official FreeDum Fighters website to purchase $DUM tokens here using ETH, BNB, USDT, USDC or SOL. Each token costs $0.00006.
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