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The MAGA worth soared 23% within the final 24 hours to trade at $2.07 as of 11:33 p.m. EST on buying and selling quantity that plunged 68% to $25.5 million.
This comes after the Federal Reserve minimize rates of interest by 25 foundation factors to a goal vary of 4.50%-4.75%.
MAGA Worth Poised For A Bullish Development Reversal
The MAGA worth seems to be shifting inside a descending channel, indicated by the 2 downward-sloping pattern strains. This sample is often bearish, exhibiting that the value is constantly making decrease highs and decrease lows.
Nevertheless, descending channels can generally result in bullish reversals if there’s a breakout above the higher trendline, though that will require robust shopping for stress.
TRUMP has discovered help on the decrease boundary of the channel round $1.82, which might recommend a bullish pattern reversal, based on knowledge from GeckoTerminal.
On account of the falling channel sample, the MAGA worth has been buying and selling under each the 50-day and 200-day Easy Transferring Averages (SMAs).
The Relative Energy Index (RSI) is at 35.53, which is close to the oversold territory (under 30). Whereas it isn’t technically oversold, it’s approaching that degree, which might point out a weakening of promoting stress. Nevertheless, RSI in a downtrend usually hovers round these decrease ranges, so it doesn’t essentially point out a reversal by itself.
If the bearish pattern continues, the value of MAGA might plunge additional all the way down to the $1.5 help zone.
In the meantime, the oversold RSI and the bounce from the decrease boundary of the channel suggests a looming bullish reversal sample. On this situation, TRUMP might soar in direction of the higher boundary of the channel, and across the 200-day SMA at $3.34.
In the meantime, traders are additionally shopping for into one other PolitiFi undertaking known as FreeDum Fighters ($DUM), which has soared previous $450k in funds raised in its presale.
Based on analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM can surge 10X when it launches.
Will FreeDum Fighters Be The Subsequent Crypto To Explode?
FreeDum Fighters combines humor, politics, and gamification to parody the US presidential election.
When traders purchase DUM, they’re invited to vote (stake) for both MAGATRON, a mechanized model of Donald Trump, or Kamacop 9000, representing defeated rival Kamala Harris.
Prepared for this 12 months’s elections?
Become involved early by becoming a member of the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅
Forged your vote by taking part within the $DUM presale and utilizing their stake-to-vote system 🗳️
Make sure to observe this undertaking, you’ll not remorse it.🔥🔥 pic.twitter.com/j452Rht1Lq
— Pink (@Redlion35) October 17, 2024
Voting for MAGATRON presents an enormous 270% annual staking yield, whereas backing Kamacop 9000 brings a stunning 720%. About 66% of token holders have voted (staked) for MAGATRON.
Accessible on a number of blockchain platforms, together with Ethereum (ETH), Binance Good Chain (BSC), Base, and Solana (SOL), FreeDum Fighters additionally retains holders engaged with weekly debates and quizzes.
Visit the official FreeDum Fighters website to buy $DUM tokens here utilizing ETH, BNB, USDT, USDC, or SOL for $0.00007 apiece.
In case you are , purchase earlier than a worth hike in lower than 32 hours.
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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