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MAGA price fell 23% over the past 24 hours to trade at $2.646 as of 11:05 p.m. EST on trading volume that jumped 53% to $15.3 million, according to data from CoinGecko.
It comes as opinion polls show the US presidential election is an extremely close race between Vice President Kamala Harris and Donald Trump.
Harris has a one-point lead, 48% to 47%, over her Republican opponent in one of the latest polls, but such a lead barely covers the poll’s margin of error.
Polls give Harris a narrow lead, but Trump has a real chance: The battleground states are deadlocked and anything could tip the scales. With early votes piling up and big issues at stake, it’s anyone’s race. Buckle up for an unpredictable election night. #Election2024
— Paul ◉ (@ybarrap) November 2, 2024
MAGA price prepares for a bullish trend reversal
From late September to mid-October, MAGA price saw a sharp rise from support at $1.69 to resistance at $5.44 (dotted line), as shown in the TRUMP/USDT chart analysis on a period of 6 hours.
The resistance level then allowed the bears to take control of the price. This caused TRUMP price to plunge into a descending channel pattern, as shown by a rotated green rectangle.
Due to the downtrend, MAGA price is now trading below the 50-day and 200-day simple moving averages (SMA). The SMAs now act as immediate resistance levels at $3.65 and $3.365, respectively.
The relative strength index (RSI) is now below the oversold level of 30, a sign that the asset is under intense selling pressure. However, an RSI below 30 also indicates that the asset is now undervalued, which can serve as a buy signal for investors.
If the current downtrend continues, MAGA price could fall back to the $2.313 support zone.
MAGA/USDT chart analysis (Source: Tradingview)
However, the undervalued RSI could push the bulls to buy more, which could cause an uptrend reversal towards the $5.44 resistance.
Meanwhile, investors looking for other opportunities in the PolitiFi segment of the crypto market could take a look at FreeDum Fighters ($DUM)a new project that has exceeded $410,000 in funds raised in pre-sale.
According to analyst and YouTuber Jacob Bury, with over 43,000 subscribers, DUM has the potential to grow 10x upon launch.
A promising alternative to MAGA
FreeDum Fighters is a new coin project that capitalizes on the hype surrounding the US elections. The project presents a satirical take on the current political ecosystem, with its own blockchain candidates inspired by Trump and Harris.
The project sets the stage for the ultimate showdown between MAGATRON and Kamacop 9000. MAGATRON, whose name is derived from the acronym “Make America Great Again,” is inspired by Donald Trump. Kamacop 9000, or simply Kamacop, is described as an advocate for social justice.
🚨 PATRIOTS NEEDED 🚨
Ready to choose your side in the confrontation of the century: MAGATRON against Kamacop 9000? 🤖
Here is your mission:
🇺🇸 Follow @Freedum_Fighterlike and comment on our pinned tweet.
🇺🇸 Post a tweet which side you choose Magatron or Kamacop, tag friends who you think will… pic.twitter.com/zJ5z7w837J– FreeDum Fighters (@Freedum_Fighter) October 17, 2024
When investors buy DUM, they are asked to vote (bid) for either the passionately patriotic Magatron or the pioneering feminist Kamacop.
Those who vote (stake) for MAGATRON are offered an annual staking return of 288%, while those who vote (stake) for the pioneering feminist Kamacop 9000 are offered a stratospheric return of 813%.
Stake rewards show that DUM investors favor Trump 68%, compared to just 32% for Harris.
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
During the $DUM presale, token holders can also participate in lively community debates, crafting compelling arguments for their chosen candidate.
If a chosen candidate wins a debate or significant favorable events occur, they will receive airdropped rewards added to their staked balance. Only those who voted (bet) will qualify for these rewards.
Visit the official FreeDum Fighters website to purchase $DUM tokens here using ETH, BNB, USDT, USDC or SOL for $0.000065 each. Buy before a price rise in just over two days to get the best deal.
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