MAGA Hat Worth Prediction: MAGA Slumps 6% As US Election Day Will get Underway And Merchants Pivot To This PolitiFi Rival With 756% Staking APY

The MAGA Hat worth plunged over 6% within the final 24 hours to commerce at $0.0001791 as of seven:29 a.m. EST as traders offload their holdings within the political meme coin.

The drop within the MAGA worth comes as American voters gear as much as vote in at present’s US election. Odds of a Donald Trump victory have jumped 5% on Polymarket within the final 24 hours. After the uptick, Trump’s probabilities of taking the White Home stand at 62%.

MAGA Hat Worth Oscillating Round A Main Worth Degree

4-hour chart for MAGA/USD (Supply: GeckoTerminal)

The MAGA Hat worth is hovering across the $0.0001780 resistance stage and is trying to flip the main worth stage into help. Closing a 4-hour candle above this mark inside the subsequent 12 hours might give the political meme coin the muse wanted to rise within the following 24 hours. MAGA would possibly then attempt to overcome the $0.0002302 barrier to rise to as excessive as $0.0002908.

Nevertheless, the MAGA Hat worth failing to ascertain a place above $0.0001780 inside the subsequent 12 hours might invalidate the bullish thesis. Merchants would possibly begin to exert extra promote strain on the meme coin on this different case. This might then result in MAGA falling to the speedy help stage at $0.0001241.

Technical Indicators Warn The MAGA Hat Worth May Drop Some Extra

indicators on MAGA’s 4-hour chart, there are early warning indicators that the MAGA Hat worth will enter right into a short-term unfavorable pattern within the coming few hours. Each the Transferring Common Convergence Divergence (MACD) and the Relative Power Index (RSI) indicators are exhibiting bearish indicators that merchants and traders will wish to pay attention to.

Presently, the MACD line is bullishly positioned above the MACD Sign line. Though this might recommend that patrons are in management, the narrowing hole between these two technical indicators warns {that a} bearish crossover would possibly quickly happen. 

RSI readings are additionally under the 50 benchmark, after the indicator’s worth dropped from the excessive 50s to its present studying at 48 within the final 24 hours. A possible early affirmation that the MAGA Hat worth has entered a bearish cycle may very well be if the RSI line begins to slope negatively.

With the US election day underway, traders are pivoting to a brand new political meme coin known as FreeDum Fighters (DUM), which YouTuber Jacob Bury, with greater than 43k subscribers, says would possibly 10X after launch.

A Lighthearted Take On The US Election

FreeDum Fighters (DUM) goals to deliver the political conflict between Trump and Kamala Harris on-chain and provides traders the possibility to earn huge staking rewards.

As voters wait to see who will emerge victorious, crypto traders can again their favourite candidates by means of FreeDum Fighters’ ongoing ICO.

In a single nook is the fictional character MAGATRON, representing Republican candidate Trump. Within the different is Kamacop 9000, representing democrat and present US Vice President Kamala Harris. Every character provides their supporters enticing passive staking rewards.

MAGATRON backers can earn as much as 280% in annual rewards, whereas Kamacop provides its supporters a stratospheric 756% return. The distinction in rewards is because of DUM traders principally voting (staking) for Trump.

Traders Guess Huge On DUM’s Future For Election-Fueled Good points

FreeDum Fighters has raised over $428K by means of its ICO thus far, as traders rush to get in on the bottom stage of the brand new political meme coin. Anybody that desires to amass the token can accomplish that by means of the straightforward purchase widget embedded on the challenge’s web site.

Undecided what to do on election day?

Participate in our 1000 $USDT giveaway that will help you out within the recession we’re clearly going into quickly 👇https://t.co/K9QiTKelzn

— FreeDum Fighters (@Freedum_Fighter) November 5, 2024

Presently promoting for $0.000065, DUM may be purchased with ETH, BNB, BASE, SOL, USDT, or USDC. As soon as bought, traders can then select to have their DUM tokens routinely staked in one of many candidates’ voting pool.

traders can buy earlier than a worth hike in lower than 1 hour.

Purchase and stake DUM here for up to 756% in annual rewards.

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