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The MAGA worth plunged 63% within the final 24 hours to trade at $1.65 as of 00:13 a.m. EST on buying and selling quantity that skyrocketed 122% to $84.7 million.
This comes as main PolitiFi tokens take a hammering, plunging 23% to a market capitalization of $520 million within the aftermath of Donald Trump’s win within the US election.
In opposition to the expectations of many, tokens associated to Trump slumped, with MAGA Hat dropping 54%, TREMP taking a 63% hit, and STRUMP 67.5%, based on CoinGecko.
MAGA Value Poised For A Bullish Development Reversal
Simply earlier than the election outcomes have been finalized, the MAGA worth rallied. It climbed to the higher boundary of the falling channel sample because the bulls have been in search of a breakout. Nevertheless, the worth of MAGA has now breached the decrease boundary of the channel. Nonetheless, based on information from GeckoTerminal, TRUMP appears to be discovering help at this degree inside the $1.60 help.
The latest important correction has pushed the worth of MAGA under each the 50-day and 200-day Easy Shifting Averages (SMAs), which signifies a dramatic bearish pattern.
Furthermore, the Relative Energy Index (RSI) has dropped under the 30-oversold degree, which reveals that TRUMP is now beneath intense promoting strain and undervalued.
If the bears push the worth of MAGA in the direction of a sustained bearish pattern, TRUMP might retreat to the $1.5 mark, which now acts as a cushion in opposition to downward strain.
In the meantime, the RSI now reveals that the asset is undervalued, which can be a shopping for sign for the bulls. In such a state of affairs, if traders take extra shopping for positions, TRUMP might soar in the direction of the higher boundary of the falling channel at $3.44, which can be inside the 50-day SMA.
Because the MAGA worth slumps, traders proceed to purchase new PolitiFi token FreeDum Fighters ($DUM), which is closing on $500k in its presale.
FreeDum Fighters Soars Previous $445K
FreeDum Fighters takes a satirical take a look at the US election, combining humor and gamification to convey the blockchain model of the showdown between Donald Trump and Kamala Harris that was selected Nov. 5 in Trump’s favor.
The undertaking invitations individuals to vote and see who will emerge as the brand new world chief: MAGATRON, a mechanized model of Donald Trump, or Kamacop 9000, representing Harris.
A brand new presale is right here, simply acquired my baggage ⚔️@Freedum_Fighter is a satirical, gamified token undertaking 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
— Delusion (@mythdyor) October 17, 2024
Obtainable 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.
Voting in FreeDum Fighters includes staking in two swimming pools representing the candidates. MAGATRON provides an enormous 273% annual proportion yield (APY) in comparison with Kamacop 9000’s stratospheric 726% annual return.
DUM holders referred to as the election properly, with 66% backing Trump and solely 34% supporting Harris.
Based on the 99Bitcoin YouTube channel, which has over 706k subscribers, DUM is the following 100X meme coin.
If this seems to be like a undertaking you don’t wish to mis, visit the official FreeDum Fighters website to buy $DUM for $0.00007 per token utilizing ETH, BNB, USDT, USDC, or SOL.
Purchase earlier than a worth hike in about 2 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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