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The MAGA price soared 18% in the past week, even after falling 12% in the last 24 hours, to trade at $5.53 as of 6:25 p.m. EST.
Despite the drop, TRUMP is the top meme coin gainer on CoinMarketCap on the 7-day timeframe after outperforming sector titans like DOGE, PEPE and BOME.
The surge in popularity of presidential-themed meme coins follows comments by former president Donald Trump on Wednesday that said his campaign would accept donations in cryptocurrencies.
BREAKING: DONALD TRUMP IS FINE WITH CRYPTO pic.twitter.com/SCJDKdHQUB
— Frank (33.3%) (@frankdegods) May 9, 2024
“Can we contribute to the Trump campaign with crypto? I’m confident the answer is yes,” Trump said. “If you can’t, I’ll make sure you can.”
i asked donald trump how he’s going to keep crypto businesses in america.
sounds bullish pic.twitter.com/rvuztPmQ8P
— Malcolm (33.3%) (@macdegods) May 9, 2024
MAGA Price On A Bullish Trend Reversal
The MAGA price shows a bullish trend reversal from a long period of decline since reaching a high of $12.93. It has formed a strong support zone, enabling the bulls to regroup and begin recovering their losses.
The price reversal bullish candle on the $4.12 support level has initiated a rally upwards, pushing the price to the April 6 resistance level.
TRUMPUSDT Analysis. Source: Tradingview.com
Looking at the technical indicators, we see that the 50 simple moving average (SMA) is trading below the price, acting as immediate support for the MAGA price. If the price increases momentum, it could push the price above the 200 SMA, confirming the general momentum for the price.
The Relative Strength Index (RSI) has consolidated, recently dropping to 42. However, it has shot upwards, bouncing past the 50 midline level to 61. Increased momentum should see the RSI climb back into the overbought zone.
MAGA Price Bulls Initiate Another Bull Rally
The MAGA price bulls seem ready for another upward surge. The recent green candle from the $4.12 support zone supports the current bull rally for MAGA. If the bulls sustain the momentum, they could drive the price up, reclaiming its all-time high at $12.93 in the weeks ahead.
In the converse case, if the bears keep pushing for a correction, the bulls may have to retreat to the $4.12 support zone. A slip below this zone will force the bulls to seek haven at $2.31.
The Best 100X Meme Coin Opportunity To Buy Today?
MAGA’s attempt to break out of the support zone isn’t convincing, which might lead traders to explore other potential opportunities. One of them might be WienerAI, a presale that’s already raised over $1.5 million
Don’t be left out in the cold.
GET IT WHILE IT’S HOT
— WienerAI (@WienerDogAI) May 8, 2024
WienerAI is the latest addition to the lively world of canine-themed cryptocurrencies. But it also is armed with advanced AI technology, and acts as a trusted companion for crypto traders and investors. Its AI capabilities detect potential trading opportunities, and thus assist users in making wiser investment choices.
Once you harness the power of AI for your trading…you’ll never look back.
— WienerAI (@WienerDogAI) May 7, 2024
Investors can benefit from the project’s swap platform as well as its MEV protection. And all of these features are free.
WienerAI also offers a staking option with a whopping 637% annual percentage yield (APY). Staking yields decline over time so it’s always wise to get in early.
How staking your $WAI feels.https://t.co/g0LrikQz90 pic.twitter.com/3VneRo9wTq
— WienerAI (@WienerDogAI) May 9, 2024
The 99Bitcoins YouTube channel, which has more than 700k subscribers, speculates that WAI could be the next 100x opportunity.
If interested, you can buy WAI tokens for $0.000706 with the simple widget embedded on the official website. But don’t wait around too long because a price hike is coming in less than three days.
Buy WAI here using ETH, USDT, BNB or a bank card
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