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The MAGA Hat value surged 25% within the final 24 hours to trade at $0.0002481 as of 00:26 a.m. EST on buying and selling quantity that skyrocketed 117% to $39.4 million.
This comes as Trump’s election odds on Polymarket attain 66.4%, with Kamala Harris languishing at 33.7%. The US election is now simply 7 days away.
MAGA Hat Worth Might Proceed Hovering
The Maga Hat value is experiencing a powerful uptrend, with a breakout above a consolidation sample that seems to be a descending triangle. Descending triangles usually sign bearish continuation, however when damaged to the upside (as on this case), they’ll point out a reversal to bullish momentum.
The $0.0001392 has allowed the bulls to push the worth of MAGA Hat by way of a parabolic curve, which affirms the present bullish stance, based on information from GeckoTerminal.
MAGA now trades above each the 50-day and 200-day Easy Shifting Averages (SMAs), confirming the optimistic bullish momentum.
Furthermore, the Relative Energy Index (RSI) is at 75.66, which is above the everyday overbought threshold of 70. This excessive RSI signifies that the asset is at the moment overbought within the 4-hour timeframe, which might result in a pullback or consolidation within the quick time period. Nonetheless, in robust uptrends, the RSI can keep overbought for prolonged durations, so whereas this alerts warning, it doesn’t essentially imply a reversal is imminent.
The MACD line (orange) is above the sign line (blue), which is a bullish sign, displaying upward momentum in value motion. The histogram bars are optimistic and increasing, reflecting growing bullish momentum. This means that the worth could proceed its upward pattern.
The MAGA/USD chart at the moment exhibits a bullish pattern with robust momentum. If this momentum continues, the MAGA Hat value might hold hovering, because the bulls goal $0.00035.
With the RSI now in oversold ranges, the asset is at the moment overvalued, which can immediate the bears to begin promoting. On this state of affairs, the worth of MAGA Hat might plunge again to $0.0001395 assist (200-day SMA).
In the meantime, traders desirous to faucet into the hype round PolitiFI tokens forward of the US election may think about FreeDum Fighters ($DUM), which the 99Bitcoins YouTube channel, with over 706k subscribers, says is the subsequent 100X meme coin.
Is DUM The Greatest Crypto To Purchase Now?
FreeDum Fighters combines humor, politics, and gamification to parody the US presidential election, a recipe that’s already helped it elevate $333K in its presale.
When traders purchase DUM, they’re invited to vote (stake) for both MAGATRON, a mechanized model of Donald Trump, or Kamacop 9000, representing Vice President Kamala Harris.
A brand new presale is right here, simply obtained my baggage ⚔️@Freedum_Fighter is a satirical, gamified token venture impressed by the continued U.S. presidential election, providing a humorous tackle political occasions 🇺🇸
They’re working a HUGE giveaway, so take part now 👇 https://t.co/RGjC7nsfNa
— Fantasy 🪁 (@mythsols) October 17, 2024
Voting for MAGATRON presents an enormous 320% annual staking yield, whereas backing Kamacop 9000 brings a stunning 1,305%. About 74% of token holders have voted (staked) for MAGATRON.
Accessible on a number of blockchain platforms, together with Ethereum (ETH), Binance Sensible Chain (BSC), Base, and Solana (SOL), FreeDum Fighters makes use of its native $DUM token to let holders vote for his or her favourite candidate, take part in debates, and stake tokens for rewards.
The platform presents extra leisure through weekly debates, discussions, and quizzes to maintain customers entertained and engaged.
If this seems like one thing you don’t wish to miss, visit the official FreeDum Fighters website to buy $DUM for $0.00006 per token utilizing ETH, BNB, USDT, USDC, or SOL.
Act now earlier than a value hike in about 3 days to safe the perfect deal.
Associated Information
Most Searched Crypto Launch – Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards – pepeunchained.com
- $10+ Million Raised at ICO – Ends Quickly
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