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The MAGA price plunged 12% in the last 24 hours to trade at $3.66 as of 00:43 a.m. EST on trading volume that plunged 35% to $13.8 million.
MAGA Price On A Bearish Trend
The MAGA price chart shows an uptrend that has recently entered a corrective phase. The price showed a strong rally in mid-October, but resistance was encountered around the $5.0 level, according to data from GeckoTerminal. Since then, it appears to be correcting downwards.
The price of MAGA has now dropped below the 200-day Simple Moving Average (SMA) but still trades above the 50-day SMA, which shows that TRUMP could go through a surge in the short term.
Moreover, the Relative Strength Index (RSI) is at 42.05, which is in the lower half of the range but not yet oversold. This neutral-to-slightly bearish level indicates mild selling pressure without being in oversold territory. A break below 30 would indicate oversold conditions, potentially a signal that a bounce or reversal could follow.
If the current bearish trend continues, the price of MAGA could plunge even further to the $3 support zone, which now acts as a cushion against downtrend pressure.
TRUMPUSD Chart Analysis Source: GeckoTerminal.com
However, if the bulls capitalize on the asset being oversold in the short term, the MAGA price could soar to the $4.5 resistance zone.
Meanwhile, investors seeking opportunities in the PolitiFi segment of the crypto market might want to consider FreeDum Fighters ($DUM), a new project that’s blasted past $348k in funds raised in its presale.
According to analyst and YouTuber Jacob Bury, with over 43k subscribers, DUM has the potential to surge 10X when it launches.
FreeDum Fighters Presale – Next Crypto To Explode?
FreeDum Fighters brings a playful, satirical twist to the US election, and invites participants to a blockchain version of the showdown between Donald Trump and Kamala Harris.
On buying DUM tokens, investors are invited to vote (stake) for either MAGATRON, a mechanized version of Trump, or Kamacop 9000, representing Vice President Kamala Harris.
MAGATRON currently offers a 309% annual staking return for its supporters (stakers), while Kamacop 9000 offers a dazzling 1,188% annual return.
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
$DUM holders can also participate in lively debates, and earn rewards based on the chosen candidate’s performance. Community involvement is encouraged, with debates and social media activity rewarded by additional $DUM tokens.
Visit the official FreeDum Fighters website to buy $DUM tokens here using ETH, BNB, USDT, USDC, or SOL. Each token costs $0.00006.
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