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The MAGA value dropped 4% within the final 24 hours to trade at $3.71 as of 00:21 a.m. EST on buying and selling quantity that plunged 15% to $9.6 million.
This comes as Donald Trump took to his social media platforms to remind voters of his marketing campaign guarantees on crypto. In a Truth Social post on October 31, Trump known as on his roughly 8 million followers to vote for him within the 2024 election, claiming he would have all Bitcoin “made within the USA” if elected.
MAGA Worth Presently Bearish – Might TRUMP Get well?
The present MAGA value motion is sideways with a barely bearish tilt as a result of current downward value motion from the excessive round mid-October.
After a powerful uptrend within the earlier a part of October, costs appear to have encountered resistance round $5.5 and at the moment are consolidating in a descending channel, which frequently signifies a brief corrective part in an general pattern, based on information from GeckoTerminal.
The continued downtrend has resulted within the value of MAGA buying and selling beneath each the 50-day and 200-day Easy Transferring Averages (SMAs), confirming the bearish stance.
The Relative Energy Index (RSI) is at 46.76, which is beneath the midpoint (50). This means that momentum is considerably weak however not but in oversold territory, which is mostly thought of beneath 30. The RSI suggests a impartial to barely bearish sentiment within the quick time period. If RSI begins trending upwards and crosses 50, it might point out a possible reversal or bullish momentum.
If the bears maintain the present pattern, the value of MAGA might plunge additional to the $3.0 help stage.
Nevertheless, if the bulls immediate a bullish pattern reversal, the TRUMP value might soar again to the $4.75 resistance stage.
In the meantime, buyers are piling into a brand new PolitiFi venture known as FreeDum Fighters ($DUM), with its presale blasting previous $383k in funds raised since its launch a bit of greater than two weeks in the past.
Based on analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM can probably surge 10X when it launches.
FreeDum Fighters: The Subsequent Crypto To Explode?
FreeDum Fighters is a political-themed meme coin designed round a futuristic world the place customers have interaction with two distinct candidates: MAGATRON, a strong robotic entity, and ”hunter of injustice” KAMACOP.
When buyers purchase DUM, they’ll select to vote (stake) for one of many candidates. Proper now, the passionately patriotic Magatron presents an annual staking yield of 298%, whereas the trailblazing feminist Kamacop 9000 boasts a stratospheric 908% return.
Prepared for this yr’s elections?
Get entangled early by becoming a member of the @Freedum_Fighter elections between MAGATRON and Kamacop 🦅
Forged your vote by taking part within the $DUM presale and utilizing their stake-to-vote system 🗳️
You’ll want to observe this venture, you’ll not remorse it.🔥🔥 pic.twitter.com/j452Rht1Lq
— Purple (@Redlion35) October 17, 2024
$DUM holders have alternative ways to again their chosen champion, together with at full of life debates, and earn substantial rewards in return.
DUM shall be obtainable on a number of blockchain platforms, together with Ethereum (ETH), Binance Good Chain (BSC), Base, and Solana (SOL).
You should purchase DUM utilizing ETH, BNB, USDT, USDC, or SOL for $0.00006 per token. Purchase earlier than a value hike in lower than 8 hours for the most effective deal.
Visit the official FreeDum Fighters website to buy $DUM tokens here.
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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