MAGA Soars 18% As Analysts Predict DUM Would possibly Be The Subsequent PolitiFi Token To Explode

The MAGA HAT value soared 18% within the final 24 hours to commerce at $0.0002243 as of 5.15 a.m. EST on buying and selling quantity that skyrocketed 53% to $20.31 million.

That is an thrilling time for MAGA holders, because the token simply managed to breach the barrier at $0.00020 — a serious resistance that held the token again from early July.

MAGA has now surged 42% in every week and 225% prior to now month.

In different phrases, the token has been skyrocketing for some time now, however at all times, the resistance at $0.00020 stood in its approach. Now, nonetheless, MAGA managed to transcend it, possible on account of the hype that the PolitiFi sector has seen recently.

Donald Trump’s reputation has seen one other surge after his current look on the Joe Rogan Experience podcast, which has already resulted in numerous movies reviewing and dissecting every assertion by the previous president.

Many have speculated if the podcast may be a “game-changer” for Trump’s marketing campaign, however within the crypto sector, Trump-related cryptos undoubtedly acquired a lift after the episode had aired.

MAGA Worth Prediction

As talked about, the MAGA HAT value is skyrocketing, and it simply breached a essential resistance. Nevertheless, in keeping with the token’s technical indicators, a correction would possibly comply with very quickly, regardless of how a lot assist the bulls have managed to amass.

The token’s Bollinger bands are wider than ever prior to now few days, which is an especially bullish sign. On prime of that, the value is pushing the higher band, additional increasing the hole between the 2 traces, and including to the bullish sentiment.

Nevertheless, the venture’s Relative Power Index (RSI) worth’s efficiency is what suggests {that a} correction could possibly be anticipated. The RSI has spent the final 24 hours fluctuating between the overbought zone, beginning on the worth of 70, and the impartial are at 50.

Nevertheless, over the past a number of hours, the RSI worth skyrocketed from 50 to almost 80, venturing deeply into the overbought zone. Usually, when this occurs, merchants don’t anticipate too lengthy earlier than they interact in a sell-off, searching for to take revenue. In doing so, they trigger the value to appropriate, which is after they begin shopping for once more when the worth drops.

With MAGA now deeply into the overbought zone, such a transfer may definitely be anticipated, though the sell-off is more likely to get interrupted once more as soon as the RSI drops to the impartial space. MAGA is at present surrounded by an excessive amount of hype for the patrons to attend for the RSI to sink to the oversold zone, though it will not be inconceivable for it to occur.

The one query now’s whether or not the MAGA HAT value can flip the $0.00020 degree right into a assist that might soften its fall as soon as it lastly arrives, or will the value drop beneath this degree once more, and spiral again all the way down to the established assist at $0.00015?

Promising Different To MAGA

Provided that MAGA is now 585% above its all-time low, some traders might need to rotate into cryptos which have all their potential upside forward of them.

One promising new token to contemplate within the PolitiFi area is the brand new FreeDum Fighters (DUM) presale, which has has simply blasted previous $325k in funds raised.

DUM is a satirical, gamified token venture impressed by the continuing US presidential election. It gives a parallel, humorous tackle the present political occasion by pitting two fighters — MAGATRON and KAMACOP 9000 — towards each other.

Buyers (stakers) are those who get to elect the winner on this showdown although. The best way the venture works is straightforward: when traders be part of the venture, they’ll select to vote (stake) for both MAGATRON or KAMACOP.

Proper now, MAGATRON, representing Donald Trump, has taken 75% of the votes, leaving an enormous annual staking return of 327%. Underdog KAMACOP, then again, has taken simply 25% of the vote, leaving a stratospheric annual staking return of 1,380%.

YouTuber ClayBro, with 130k subscribers, speculates that fairly just a few millionaires are more likely to come out of the present PolitiFi sector growth, with FreeDum Fighters alone providing 25x potential.

$DUM tokens are on sale for under $0.000055 apiece and could be purchased with ETH, USDT, USDC, SOL, or BNB. Purchase earlier than a value hike in lower than 2 hours to get the perfect deal.

Visit the official website here.

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