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The MAGA worth has pumped 23% within the final 24 hours to trade at $3.94 as of three:25 a.m. EST on a 126% surge in buying and selling quantity to $48 million.
The rise within the MAGA worth got here as Donald Trump closed in on victory within the US election, with Trump himself claiming victory and world leaders congratulating him.
Congratulations President-elect @realDonaldTrump in your historic election victory.
I stay up for working with you within the years forward. pic.twitter.com/QYHLd4k4EG
— Keir Starmer (@Keir_Starmer) November 6, 2024
MAGA Value Could Proceed The Uptrend Above The Double Backside
The TRUMP/USD pair within the 4-hour timeframe exhibits a promising bullish setup. The value is at the moment buying and selling round $4.00, reflecting a modest acquire of 1.56%. This motion has positioned the worth above two easy transferring averages: the 50-period SMA (blue line) at $3.65, and the 200-period SMA (inexperienced line) at $3.97.
A bullish crossover occurring between these two transferring averages, the place the 50-period SMA crossed above the 200-period SMA. This crossover usually indicators a shift in direction of an uptrend, reinforcing the short-term bullish sentiment.
TRUMPUSD Evaluation Supply: Dextools.io
The assist zone evident round $3.00, signifies that consumers have beforehand stepped in to stop additional decline, forming a dependable basis for upward motion. The formation of a parabolic curve, depicted by the dotted line on the chart, suggests that purchasing momentum is accelerating. If the curve holds, it might propel the worth larger within the close to time period.
MAGA Value Technicals Sign Additional Bullish Momentum
The MACD indicator exhibits a bullish crossover, with the MACD line crossing above the sign line. The histogram bars are additionally inexperienced, indicating that momentum is favoring the bulls, additional supporting a attainable continuation of the uptrend for the MAGA worth.
In the meantime, the Relative Energy Index (RSI) stands at 61.25. Though above the impartial degree of fifty, it stays under the overbought threshold of 70, suggesting that there’s nonetheless room for the worth to rise earlier than reaching doubtlessly overbought ranges.
With the worth buying and selling above each transferring averages, the bullish MA crossover, and the supportive parabolic curve, the general development seems to be constructive. If the upward momentum persists, TRUMP/USD might goal the subsequent resistance degree close to $4.50 and doubtlessly larger.
Nevertheless, a failure to carry above the assist zone round $3.00 might result in a pullback or consolidation part.
FreeDum Fighters Presale Storms Previous $441k
In the meantime, because the MAGA worth surges, traders are additionally flocking to purchase FreeDum Fighters ($DUM), a meme coin venture that faucets into the joy across the US election.
The venture, which is headed for $500k in funds raised in its presale, affords traders a blockchain model of the showdown between Donald Trump and Kamala Harris.
You may have a greater America.
Select to vote for MAGATRON or Kamacop 9000. Trump or Kamala aren’t gonna let you may have enjoyable like we do. pic.twitter.com/80EScy6BGX
— FreeDum Fighters (@Freedum_Fighter) November 5, 2024
This bullish momentum has additionally caught the eye of YouTuber Jacob Bury, with over 43k subscribers, who charges DUM among the many finest meme cash to purchase now because the meme coin supercycle approaches.
Traders who be part of the FreeDUM Fighters group can stake their $DUM tokens to again both MAGATRON or Kamacop 9000.
In the event you stake for MAGATRON, you get to get pleasure from an enormous 280% annual return, whereas Kamacop supporters rake in a jaw-dropping 736%.
Right now is the day for @Freedum_Fighter! Election day is right here and Freedum Fighter’s #memecoin #CryptoPresale is on hearth!
🔷 FREEDUM FIGHTERS – Presale 👉 https://t.co/LWwKkeK1zG pic.twitter.com/5WCu8mBCFT
— Austin Hilton (@austinahilton) November 5, 2024
However that’s not all. Being a $DUM holder helps you to take part in heated debates and earn further rewards primarily based on how your chosen candidate performs.
Proper now, $DUM tokens are priced at simply $0.00007 and might be bought utilizing ETH, BNB, USDT, USDC, or SOL. traders should purchase DUM earlier than the worth will increase in somewhat greater than 3 days.
Buy DUM tokens on the official website here.
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