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The MAGA worth plunged 12% within the final 24 hours to trade at $3.66 as of 00:43 a.m. EST on buying and selling quantity that plunged 35% to $13.8 million.
MAGA Value On A Bearish Development
The MAGA worth chart exhibits an uptrend that has lately entered a corrective part. The worth confirmed a robust rally in mid-October, however resistance was encountered across the $5.0 degree, in response to information from GeckoTerminal. Since then, it seems to be correcting downwards.
The worth of MAGA has now dropped beneath the 200-day Easy Shifting Common (SMA) however nonetheless trades above the 50-day SMA, which exhibits that TRUMP may undergo a surge within the brief time period.
Furthermore, the Relative Energy Index (RSI) is at 42.05, which is within the decrease half of the vary however not but oversold. This neutral-to-slightly bearish degree signifies delicate promoting strain with out being in oversold territory. A break beneath 30 would point out oversold circumstances, doubtlessly a sign {that a} bounce or reversal may comply with.
If the present bearish development continues, the value of MAGA may plunge even additional to the $3 assist zone, which now acts as a cushion towards downtrend strain.
TRUMPUSD Chart Evaluation Supply: GeckoTerminal.com
Nevertheless, if the bulls capitalize on the asset being oversold within the brief time period, the MAGA worth may soar to the $4.5 resistance zone.
In the meantime, buyers looking for alternatives within the PolitiFi phase of the crypto market may need to contemplate FreeDum Fighters ($DUM), a brand new challenge that’s blasted previous $348k in funds raised in its presale.
Based on analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM has the potential to surge 10X when it launches.
FreeDum Fighters Presale – Subsequent Crypto To Explode?
FreeDum Fighters brings a playful, satirical twist to the US election, and invitations contributors to a blockchain model of the showdown between Donald Trump and Kamala Harris.
On shopping for DUM tokens, buyers are invited to vote (stake) for both MAGATRON, a mechanized model of Trump, or Kamacop 9000, representing Vice President Kamala Harris.
MAGATRON presently gives a 309% annual staking return for its supporters (stakers), whereas Kamacop 9000 gives a stunning 1,188% annual return.
Prepared for this 12 months’s elections?
Become involved early by becoming a member of the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅
Solid your vote by collaborating within the $DUM presale and utilizing their stake-to-vote system 🗳️
Be sure you comply with this challenge, you’ll not remorse it.🔥🔥 pic.twitter.com/j452Rht1Lq
— Purple (@Redlion35) October 17, 2024
$DUM holders may take part in vigorous debates, and earn rewards based mostly on the chosen candidate’s efficiency. Group involvement is inspired, with debates and social media exercise rewarded by extra $DUM tokens.
Visit the official FreeDum Fighters website to buy $DUM tokens here utilizing ETH, BNB, USDT, USDC, or SOL. Every token prices $0.00006.
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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