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MAGA price increased by 4% in the last 24 hours trade at $3.30 to 12:19 a.m. EST, on trading volume that jumped 37% to $20.8 million.
This comes as Kamala Harris takes a slight lead over Donald Trump in the national polling averages ahead of the US elections, with 48% more than Trump’s 46.8%.
Maga price set for upward trajectory
The current MAGA price action has formed a descending channel (marked by the two white trendlines), indicating a downtrend. However, the $2.5 support area, inside the lower boundary of the descending channel, acted as an important support that pushed MAGA price towards the upper boundary, according to data from GeckoTerminal.
Due to this rise, TRUMP price is now trading above the 200-day simple moving average (SMA), which may show that the asset is destined for a massive upside. Meanwhile, the 50-day SMA now acts as an immediate resistance level at $3.60.
The Relative Strength Index (RSI) is below the midpoint of 50-45, indicating weak momentum and slightly bearish conditions, but appears to be making progress. However, it is not in the oversold zone (below 30), which means there is room for further downside, but also potential for a reversal. If the RSI rises above 50, it would support a bullish scenario.
The Moving Average Convergence Divergence (MACD) is slightly above the signal line, which may be an early sign of bullish momentum returning. The histogram bars began to show positive values, although relatively weak, suggesting a weak bullish crossover.
MAGA Price Prediction
MAGA price analysis shows the asset moving higher as it targets a breakout above the upper boundary of the descending channel pattern. With the MACD and RSI showing a positive trajectory, MAGA price may break through the immediate resistance at $3.60 as it targets the next possible resistance level at $5.0.
However, if the bears take control of the price, TRUMP could fall back to the $2.5 support level.
Meanwhile, investors looking for alternative opportunities in the PolitiFi space of the crypto market might consider FreeDum Fighters ($DUM)which exceeded $425,000 in funds raised during its pre-sale.
According to analyst and YouTuber Jacob Bury, with over 43,000 subscribers, DUM is one of the best coins to buy now in preparation for the coin supercycle.
A Promising Alternative to MAGA – The Best Crypto to Buy Now?
FreeDum Fighters is a satirical coin project that is generating buzz around the US elections and offering investors a blockchain version of the showdown between Donald Trump and Kamala Harris.
Investors are invited to stake their DUM tokens either MAGATRON or Kamacop 9000 when they join the project. MAGATRON currently boasts an annual return of 281% for its stakers, while Kamacop offers a staggering 760% annual return.
$DUM holders can also participate in lively debates and earn rewards based on the performance of the chosen candidate.
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
Visit the official FreeDum Fighters website to purchase $DUM tokens here using ETH, BNB, USDT, USDC or SOL, with each token costing $0.000065.
Buy now before a price hike in approximately 7 hours.
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