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The MAGA price rose 4% in the last 24 hours to trade at $3.30 as of 00:19 a.m. EST on trading volume that surged 37% to $20.8 million.
This comes as Kamala Harris takes a slight lead over Donald Trump in the national polling averages as the US election looms, with 48% ahead of Trump’s 46.8%.
Maga Price Set For An Upward Trajectory
The current MAGA price action has formed a descending channel (marked by the two white trendlines), indicating a bearish trend. However, the $2.5 support zone, within the lower boundary of the falling channel, has acted as a significant support that has pushed the price of MAGA to the upper boundary, according to data from GeckoTerminal.
As a result of the surge, TRUMP price now trades above the 200-day Simple Moving Average (SMA), which may show that the asset is bound for a massive surge. Meanwhile, the 50-day SMA now acts as an immediate resistance level at $3.60.
The Relative Strength Index (RSI) is below the midpoint of 50 at 45, indicating weak momentum and slightly bearish conditions, but seems to be moving up. However, it is not in the oversold region (below 30), meaning there is room for further downside but also potential for a reversal. If the RSI crosses above 50, it would support a bullish case.
The Moving Average Convergence Divergence (MACD) is slightly above the signal line, which can be an early sign of bullish momentum returning. The histogram bars have started showing positive values, although relatively small, suggesting a weak bullish crossover.
MAGA Price Prediction
The MAGA price analysis shows that the asset is moving up as it aims for a breakout above the upper boundary of the falling channel pattern. With the MACD and RSI showing positive trajectory, the price of MAGA may breach the $3.60 immediate resistance, as it aims for the next possible resistance level at $5.0.
However, if the bears take control of the price, TRUMP could plunge back to the $2.5 support level.
Meanwhile, investors seeking alternative opportunities in the PolitiFi space of the crypto market might consider FreeDum Fighters ($DUM), which has blasted past $425k in funds raised in its presale.
According to analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM is one of the best meme coins to buy now in preparation for the meme coin supercycle.
A Promising Alternative To MAGA – Best Crypto To Buy Now?
FreeDum Fighters is a satirical meme coin project that’s riding the hype around the US election, and offers investors a blockchain version of the showdown between Donald Trump and Kamala Harris.
Investors are asked to stake their DUM tokens for either MAGATRON or Kamacop 9000 when they join the project. MAGATRON currently boasts a 281% annual return for its supporters (stakers), while Kamacop offers a stunning 760% annual return.
$DUM holders can also participate in lively debates and earn rewards based on the chosen candidate’s performance.
Ready for this year’s elections?
Get involved early by joining the @Freedum_Fighter elections between MAGATRON and Kamacop
Cast your vote by participating in the $DUM presale and using their stake-to-vote system
Be sure to follow this project, you will not regret it. pic.twitter.com/j452Rht1Lq
— Red (@Redlion35) October 17, 2024
Visit the official FreeDum Fighters website to buy $DUM tokens here using ETH, BNB, USDT, USDC, or SOL, with each token costing $0.000065.
Buy now before a price hike in about 7 hours.
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